Revolutionizing Financial Crime and Compliance with Generative AI
Context aware generative AI solutions are transforming how organizations fight crime and Quantexa is leading the charge.
Financial Crime and Compliance (FCC) has become increasingly complex and resource-intensive. Financial institutions are under immense pressure to manage risks, combat fraud, ensure compliance, and deliver seamless customer experiences.
Traditional systems struggle to keep up with evolving threats, fragmented data, and regulatory complexity. But Generative AI holds a significant promise for transforming FCC. In this study by Everest Group, you will find a detailed look at emerging cases, 12 leading generative AI solutions providers, and how Quantexa, recognized as a Luminary provider in the Innovation Watch Assessment, is reshaping the FCC landscape.
THE GENERATIVE AI ADVANTAGE
According to Everest Group, generative AI is reshaping the FCC landscape by:
Automating labor-intensive tasks like KYC, AML monitoring, and fraud detection
Enhancing entity resolution and network graph interrogation
Accelerating SAR generation and regulatory reporting
Reducing false positives and operational costs
Delivering real-time, contextual insights to frontline teams
Why Quantexa?
Quantexa has been recognized as a Luminary in Everest Group’s Innovation Watch Assessment for its pioneering work in FCC. Our generative AI suite, Q Assist, empowers organizations to:
Conduct advanced risk assessments
Generate SARs automatically
Resolve complex entity relationships
Guide investigations with AI copilots
What Analysts Say
“Quantexa’s development of Q Assist represents a practical and meaningful application of generative AI in financial crime compliance. By embedding context-aware intelligence into core processes like entity resolution, SAR report creation, and risk assessment, Quantexa empowers investigators with real-time, actionable insights,” said Dheeraj Maken, Practice Director at Everest Group. “With Q Assist now moving from pilot to production across key use cases, Quantexa is solidifying its position in the AI-driven decision intelligence space, and is therefore featured among the Luminaries in Everest Group’s Innovation Watch Assessment.”