Big data scale-up Quantexa formally recognised for its commitment to financial crime detection for the world’s biggest banks

Aite Group, a global research and advisory firm, has named Quantexa in its 2019 report on the next-generation approach to financial crime mitigation for banks.

The Aite Group’s research identifies the key capabilities required by banks to help them harness the power of their data and turn it into their biggest asset in financial crime detection. The analyst firm assessed the entity resolution, dynamic segmentation and link analysis capabilities of 15 leading vendors in the space.

Quantexa’s technology empowers organisations to drive better decisions using data. Embracing the latest advancements in big data and artificial intelligence, the scale-up uncovers hidden customer connections and behaviours to solve major challenges in financial crime, customer insight, and data analytics.

The company recently doubled its turnover to £10.2m and employs over 150 people globally, with offices in London, New York, Sydney, Toronto, Singapore, Brussels and Boston.

The Aite Group’s report recognised Quantexa for fully addressing key functionality across automated ETL validation, entity resolution, dynamic segmentation, and network link analysis, offering investigative search, global privacy data compliance, integrated platform, open standards, and the ability to scale over50 billion records.

The big data and enterprise intelligence scale-up’s entity resolution, dynamic segmentation and link analysis technology was noted as a leading solution for the major challenges organisations face in financial crime, customer insight and data analytics.

Vishal Marria, CEO at Quantexa, said: “We’re honoured to be recognised in the Aite Group’s report and are very grateful to the Aite team for their diligent research and analysis of the market.

“We look forward to continuing to grow our business and empower our clients to tackle fraud and financial crime mitigation more effectively and efficiently through harnessing the power of data. This recognition from the Aite Group reflects our commitment to helping our customers fight financial crime across the globe.”

Author: Yash Hirani

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