- Financial crime activity is accelerating at an unprecedented pace, and currently, the good guys are losing the war. The United Nations Office on Drugs and Crime estimates that between 2% and 5% of global gross domestic product is laundered annually, which translates to between US $800 billion and US $2 trillion per year.
- Firms require the ability to ingest large volumes of data from multiple sources, reconcile the data into a single customer view, and uncover the networks within the data that can underpin models to detect patterns indicative of financial crime and other risks.
- The good news is that technology has progressed rapidly over the past few years, and a variety of advanced analytical techniques can help banks turn their data into intelligence.
Quantexa’s entity resolution, dynamic segmentation, and link analysis technology is a leading solution for the major challenges organizations face in financial crime, customer insight, and data analytics. Our technology fully addresses key functionality across automated ETL validation, entity resolution, dynamic segmentation, and network link analysis. We offer investigative search, global privacy data compliance, integrated platform, open standards, and can scale up to 60 billion records.
Read more about our capabilities and why our solution is a leader for financial crime detection:
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Reveal hidden risks and detect criminal activity faster. Reduce false positives to manage the cost of compliance. And improve investigations to make faster and more consistent decisions at scale.
Identify potentially fraudulent activity by looking at people or transactions in isolation. Understand the context surrounding the organizations you do business with to make fast, accurate decisions.
Understand your customers, their business structures and supply chains. Make better lending decisions, faster. And support digital risk transformation.
Know Your Customer
Reduce significant manual effort across onboarding, refreshes and remediation. Automate checks, implement continuous monitoring, and focus on contextual decision making.
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.
Master Data Management
Connect all data—internal and third party—to create a joined-up, contextual view of all the relationships between your customers and every other domain.
See how we help to reduce costs and improve coverage for financial crime compliance.
See how our platform uses contextual analysis to turn data into a high value asset.
See how our platform uses financial crime technology to enhance your existing IT ecosystem.