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Why Quantexa?
LoadingLoadingFraud losses are rising, and countless cases go undetected and underreported. Counter-fraud teams need a holistic, context-based understanding of all relevant entities, networks, and behaviors to improve fraud prevention success. Quantexa provides a highly-targeted approach to fraud to help you understand the risk-relevant relationships between entities.
HOW WE SOLVE IT
Form 360-degree views of entities that are 99% accurate by aligning billions of data points from internal and external sources.
Focus valuable resources on the threats that matter most with dynamic views of entities, high-quality alerts, and deeper insights.
Quantexa helps investigation teams tackle typologies that can’t be solved by simple rulesets applied to single datasets in isolation.
Understand entities’ complex relationships and behaviors, including hidden and subtle activities, to gain a broader picture of fraud risk.
Quantexa’s fully flexible, contextual analytics framework plugs into any machine learning library and rules detection and case management workflow.
Own and manage the scenarios, models, and scorecards created with Quantexa while continuing to benefit from our established detection routines.
THE IMPACT
the amount of fraud Quantexa has helped organizations detect
in investigation time (at scale)
in false positives
in fraud savings
Perform complex investigations across all data to identify new and unidentified risks.
Detect fraud victims faster and speed identification of suspicious accounts and networks.
Reduce losses across the full customer lifecycle and all customer types.
Detect insiders engaged in defrauding the bank or the institution’s customers.
Identify activities signaling supplier integrity risks and pinpoint employees and third parties engaging in them.
Identify fraud across the full customer lifecycle and all distribution channels.
Block fraudulent payments and stop claims leakage across the claim, billing and payment lifecycle.
Detect insiders engaged in defrauding the insurance organization or the firm’s customers.
Identify activities signaling supplier integrity risks and pinpoint employees and third parties engaging in them.
Perform complex investigations across all data to identify new and unknown risks.
Use real-time advanced capabilities to integrate internal and external data for a consolidated view of tax evasion risk.
Gain a single view of risk to facilitate efficient investigations and the safe and effective movement of goods in real time.
Identify activities signaling supplier integrity risks and pinpoint employees and third parties engaging in them.
Detect and deter criminal deception or mismanagement with intuitive analysis, investigations, and proactive decisioning.
Enable the safe and efficient movement of people in real time with a single view of risk.
Perform complex investigations across all data to identify new and unidentified risks.
Detect fraud victims faster and speed identification of suspicious accounts and networks.
Reduce losses across the full customer lifecycle and all customer types.
Detect insiders engaged in defrauding the bank or the institution’s customers.
Identify activities signaling supplier integrity risks and pinpoint employees and third parties engaging in them.
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.
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.
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.
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).
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 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.
