Create context to counter the rise of fraud
Fraud losses are rising, and countless cases go undetected and underreported. Counter-fraud teams struggle with siloed data and endless false positives. Instead, fraud teams require a holistic, context-based understanding of all relevant entities, networks, and behaviors to improve fraud prevention, detection and investigation success across the enterprise. Quantexa provides a transformative approach that enables enterprises to detect and mitigate fraud as it occurs.
HOW WE SOLVE IT
Prevent, detect, and investigate true fraud risk
Unify siloed datasets
Build a contextual single view of customers and counterparties by unifying billions of data points from internal and external sources.
Uncover obfuscated risk
Reveal hidden relationships and behaviors between customers and counterparties to expose highly sophisticated fraud networks and subtle risk indicators.
Upgrade monitoring and detection
Use AI-powered, machine learning-driven fraud analytics and scoring for a contextual approach that generates more true alerts and fewer false positives across even the most sophisticated fraud typologies.
Empower complex fraud investigations
Consolidate data and intelligence into a streamlined workflow, powered by AI, to detect and investigate complex fraud effectively and efficiently.
THE IMPACT
What we have achieved
$>3Bthe amount of fraud Quantexa has helped organizations detect
in investigation time (at scale)
in false positives
in fraud savings
Increased counter fraud effectiveness and efficiency across the enterprise
See it in action
Take a self-guided tour to see our platform in action. Follow the prompts to discover how you can uncover complex fraud networks that would be missed by traditional solutions.
Explore our Fraud and Security solutions
For Banking
Scams and Mule Network Detection
Detect victims of scams and identify suspicious accounts (mules) and networks to prevent fraud faster.
Lending Fraud Detection
Reduce fraud losses across the full customer life-cycle (pre- and post- application) and across all customer types.
Internal Fraud Detection
Detect insiders (organized crime & lone actors) engaged in defrauding the bank or the bank’s customers.
Complex Fraud Investigations
Perform complex investigations across all data to identify new and unknown risks.
Payment Fraud Optimization
Augment your payment processes by harnessing more contextual insights to prevent false positives and reduce customer friction.
For Insurance
Application and Underwriting Fraud
Identify fraud across the full customer lifecycle and all distribution channels.
Claims, Billings, and Provider Fraud
Block fraudulent payments and stop claims leakage across the claim, billing and payment lifecycle.
Internal Fraud Detection
Detect insiders engaged in defrauding the insurance organization or the firm’s customers.
Complex Investigations
Perform complex investigations across all data to identify new and unknown risks.
For Government
Tax Fraud and Evasion
Use real-time advanced capabilities to integrate internal and external data for a consolidated view of tax evasion risk.
Customs, Goods, and Duties
Gain a single view of risk to facilitate efficient investigations and the safe and effective movement of goods in real time.
Grants, Benefits, and Other Payments
Detect and deter criminal deception or mismanagement with intuitive analysis, investigations, and proactive decisioning.
Borders and People Movement
Enable the safe and efficient movement of people in real time with a single view of risk.
Scams and Mule Network Detection
Detect victims of scams and identify suspicious accounts (mules) and networks to prevent fraud faster.
Lending Fraud Detection
Reduce fraud losses across the full customer life-cycle (pre- and post- application) and across all customer types.
Internal Fraud Detection
Detect insiders (organized crime & lone actors) engaged in defrauding the bank or the bank’s customers.
Complex Fraud Investigations
Perform complex investigations across all data to identify new and unknown risks.
Payment Fraud Optimization
Augment your payment processes by harnessing more contextual insights to prevent false positives and reduce customer friction.
Decision Intelligence solutions built on our platform
Data Management
Build a trusted data foundation to deliver context for decision-making.
Learn moreCustomer Intelligence
Enhance customer experience and accelerate revenue growth with a 360-degree connected view of customers.
Learn moreKnow Your Customer
Detect risk in real time to identify unknown risks and deliver more accurate risk ratings.
Learn moreRisk Management
Revolutionize risk assessment with a holistic understanding of borrowers, their counterparties and relationships.
Learn moreFinancial Crime
Take a unified approach to fighting financial crime and fraud with our Contextual Monitoring solutions.
Learn moreAML and Investigations
Reduce false positives and focus on real risk by modernizing your AML monitoring, detection, and investigation.
Learn moreFAQs
Do you provide real-time capabilities to prevent fraud? 
A new contextual approach is required to improve fraud prevention, detection, and investigation. Market participants have raised challenges with using real-time capabilities which are missing risk and blocking legitimate payments or adding friction, which is impacting the customer experience.
However, Quantexa can detect suspicious transactions in near-real-time and alert to ensure high-risk transactions can get immediate attention. Quantexa can also augment with existing technology to provide additional context to illuminate high-risk transactions or provide confidence through mitigating factors that the transaction is legitimate and non-fraudulent.
What out-of-the-box models do you have?
Detection Packs for fraud deliver higher true positives, lower false positives. For additional coverage, we have knowledge and IP, but we will work with your teams to develop using your own data.
I already have a single customer view which we use for fraud. What will Quantexa provide in addition?
Even where our clients already have a system in place to provide a single view, we have still provided deduplication rates of up to 20%.
Our ability to ingest internal and external sources means we have greater breadth and flexibility in the view.
Our ability to perform automated network (entity-powered graphs) enables you to go beyond the customer view to look at relationships, associations, and hidden connections.
Our dynamic Entity Resolution enables tailored views for different fraud and value-chain needs so that you aren't constrained to a one-size-fits-all - solution, which is both useful operationally but also from a security control perspective.
Our analytics and visualization platform enables transparent models to be built in conjunction with your teams and improved operational efficiency in complex triage, etc.
Our analytics team is already doing this work (e.g., bust out fraud). Why do we need Quantexa?
We are not trying to replace the work your client analytics teams are doing, but to enhance it. We can provide a richer 360 view with networks that they can use as inputs to their models to drive better performance. We have an open architecture which means they can continue to use the tools they are using today (eg., Python, R, TensorFlow).
I don’t want another fraud interface. Can this integrate into my existing interface for my fraud uses?
The output of Quantexa can be integrated within existing systems – including other fraud solutions or in-house-developed tools. Quantexa can send signals to other tools which can then give users the options to use Quantexa to perform the investigation or look at the network in more detail.
The network UI is too confusing for business users. Can it be simplified?
The network UI does not need to be presented to business users – a simplified view with only the pertinent information can be integrated within existing systems. Quantexa can cater for all levels of investigator within the fraud team to support them in their role and to determine the best course of action.
In addition, Quantexa has a training academy to enable users to get the most from the tool and learn new ways to help them investigate and achieve better outcomes.
