Quantexa - Connecting Data & Empowering Decisions

As the digital data grows, it is becoming necessary to organize the data and use it for useful purposes. Most companies struggle to make fair use of data and analytics. Quantexa's Contextual Decision Intelligence is a new approach to data that gives organizations the ability to connect internal and external data sets to provide a single view, enriched with intelligence about the relationships between people, places, and organizations. Quantexa's platform dynamically generates the context needed to automate millions of operational decisions, at scale, across multiple business units, including Anti-Money Laundering, Know-Your-Customer, Fraud, Credit Risk, and Customer Intelligence.

Quantexa's primary aim was to close the gap between organizations' data and the critical decisions they needed to make every year. When it was approached by two global enterprises, under intense scrutiny from regulators, Quantexa realized that every data-intensive organization faces the same challenges these regulated organizations were dealing with years ago. Today they are helping organizations across banking, insurance, the public sector, and beyond to change the way they make millions of operational decisions every year. It has global business with offices in London, New York, Boston, Brussels, Toronto, Singapore, Melbourne, and Sydney.

Anti-money laundering solutions

Nowadays, organized criminals are using sophisticated techniques to cover their tracks and are taking advantage of faster payments, capital markets, and open banking. Although regulators are ramping up the pressure on detecting financial crime, legacy systems fail to make the right data available at the right time. A new approach is needed to improve an organization's to detect criminal behavior while reducing operational costs.

Quantexa's platform accurately identifies new AML risk using network-based typologies. It adjusts models and interfaces instantly to adapt to a changing world quickly. Quantexa reduces false positives by decreasing the time spent on manual data collection. It employs automated investigations to accelerate the escalation process. Quantexa has a transparent model that has passed model risk governance with Tier 1 global banks.

Empower intelligence-led investigations

Quantexa powers you to enhance your operational and complex investigation's efficiency, effectiveness, and consistency to empower your teams to expose and understand risk faster. Its current transaction monitoring investigations use a tick-box approach. If your investigators are dealing with unmanageable amounts of false positives, they cannot do much with the data. The cost of compliance is rising, and adding more people to investigation teams will continue to get more expensive. But existing AI models aren't delivering results or meeting regulatory requirements.

Investigations teams don't have the time to effectively analyze millions of transactions, elevating the risk of missing critical information. The intelligence-led investigations let you create a 360-degree view to reduce investigation time, improve visibility of significant threats, and automate explainable risk models to investigate every alert as your best investigators would.

Combat trade-based money laundering

Traditional monitoring systems can't handle the scale of today's networks. Existing transaction monitoring systems produce thousands of false positives, so your team must process paperwork to uncover real risk manually. Money laundering and trade-based money laundering are more than evading import duties or currency restrictions. They are used to move corrupt funds, enable human and wildlife trafficking, and smuggle weapons.

You need to bridge across financed, open account trade products and regular payments. Global trade is made up of complex relationships and behaviors between importers and exporters. To manage risk effectively and efficiently, you need to understand the context of their businesses, ownership structures, geographies, and where they sit in broader supply chains.

By connecting multiple internal and external data sources, you can see the complete picture of your customers and their counterparties. So your teams can reveal hidden risks and make faster, more accurate decisions about a potentially suspicious activity without being overrun by false positives.

Detect money laundering in capital markets

Quantexa's platform can prevent money launderers from taking advantage of capital markets. It can be used as a context to improve risk detection and gain broader coverage by removing data and workstream silos. Capital markets are magnets for money launderers. 

Criminals are becoming more sophisticated. They hide their footprints in complex networks of transactions and using electronic trading to take advantage of pitfalls in technology. Without context, money laundering is impossible to identify automatically. Customers have multiple relationships across different business units. Siloed data stops you from seeing the bigger picture and identifying suspicious behavior.

Detect money laundering in correspondent banking

Quantexa lets you enhance your AML risk assessments for correspondent banks, better understand potentially illicit transaction flows, and reveal unknown risks. Insufficient underlying data and inadequate monitoring result in unmanageable volumes of alerts that swamp your team daily and waste time that could be better spent detecting criminals. Inefficient processes, outdated legacy systems, and siloed data put you over budget and behind schedule. You can only mitigate the risks you can see. When you don't have context, you can't see the complete picture. And this increases the chance of wrong decisions and missed risk.

"Our vision at Quantexa is for all organizations to have the ability to harness their data to uncover hidden risk and discover new opportunities. To use data for good across real-world problems."