Quantexa — Providing context to automate millions of operational decisions at scale

Data quality processes have become very prominent in organizations due to the rising data governance programs. For many companies, it has become prominent to collect and utilize big data for data analytics. One of the major challenges of effective data quality management is articulating what quality really means to a company, like data quality, accuracy, consistency, timeliness, and conformity. 

When Quantexa was founded, hundreds of data-intensive organizations around the world were facing up to the same challenges—they couldn’t close the gap between all the data they were accumulating and the millions of mission-critical decisions their organization needed to make every year. The company understands that every data-intensive organization is facing the same challenges these regulated organizations were dealing with years ago.

Today Quantexa is helping organizations across banking, insurance, the public sector, and beyond to change the way they make millions of operational decisions every year. The 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.

Dynamic Entity Resolution Software

Dynamic entity resolution connects billions of data points across internal and external data sources in real-time or batches to create a single, enterprise-wide view of people, organizations, places, and more. In fraud and financial crime, criminals intentionally manipulate their details with incorrect data or provide as little information as possible to avoid detection. Quantexa’s entity resolution is built to solve these key challenges from the outset – meaning that by design, it handles poor quality data with exceptional performance.

Quantexa’s technology is robust for any business use case – able to bring together data from disparate systems and overcome any data quality issues faced by your organization. Sometimes you need throughput, sometimes immediacy, or just pure accuracy. Its entity resolution can be deployed both batched-based or dynamically from a single platform, with a single configuration that works for multiple use cases and deployment models.

The company believes one size doesn’t fit all. You need different entities for different use cases and different risk appetites – and to tailor strictness and fuzziness dynamically. With its entity resolution, you can ingest data once and scale across your business for multiple use cases without replicating data – handling even demanding areas such as financial crime.

“With real-time entity resolution, network generation, and advanced analytics, we create the context that helps organizations make more informed and accurate decisions – faster.”

Real-world network generation

Quantexa offers a network view bringing together internal and external data, uncovering connections and behaviors that are impossible to see when looking at data in isolation. Its network generation creates a dynamic view of the bigger picture, automatically compiling the most relevant connections, entities, and data for a specific decision. This captures how people, organizations, events, and places relate to each other to inform decisioning. So that you can:

• Drive efficient and effective automated decisions, investigations, or analysis with relevant context
• Identify hidden links within networks using advanced analytics
• Use powerful graph scripting to find decision-specific hidden connections and filter irrelevant and unreliable ones.

It allows you to build networks from billions of records in batch via throughput optimized Apache Spark, using common configuration and graph scripting. You can also deploy with the company’s unique dynamic capabilities or build a use-case tailored network on demand, respecting user access rights, in minutes rather than days.

Data analytics software to unlock the context behind your data

Quantexa’s analytics framework allows you to enhance the performance of a full range of analytical methods – providing uplift on even the most basic rules, right up to advanced methods of AI and machine learning. Its analytics framework gives you a simple way to use the context of resolved entities and relationships in scenarios, rules, and models. It builds on open interfaces to familiar tools and allows you to leverage existing models as well as get uplift from new features using techniques you already use. It also provides models that are transparent, easy to deploy, and integrated into live services.

Using joint knowledge, Quantexa identifies the patterns expected to relate to interesting cases and aggregate the risk through a proven approach of building an expert-driven scorecard. This provides investigators with the cases they expect to find useful. Network features provide coverage even of less well-understood risks.

With a reasonable number of alerts reviewed and many escalated, weights and thresholds can be tuned. Quantexa augments the business knowledge with reports on the observed outcomes, resulting in improved hit rates. When enough alerts have been reviewed and hundreds of escalations achieved, machine learning models can be trained. This optimizes alerting for hit rate while still leveraging expert knowledge to cover all risks (including rare risks which methodologies relying solely on machine learning may miss).

Search and explore your data with visual analytics platform

Quantexa’s user interface (UI) makes sense of huge volumes of data, surfacing the most important connections so you can understand the context created. Integrated with entity resolution, network generation, and analytics framework capabilities, it supports fast, collaborative referred decisions where analytics has flagged key items for review within their network context. It also allows ad-hoc user-driven search and exploration to deep dive into an area of interest.

With Quantexa’s network visualization, you can easily view the context, perform investigations and discovery in a knowledge graph view, and make faster, more accurate decisions. The ability to create investigations to search, dynamically build networks, discover insights, and save key information to export for reports gives you the option to view analytically derived descriptions highlighting important characteristics updated in real-time. You can search for any customer or entity of interest like you’re using a search engine. Quantexa’s solution lets you effortlessly query big data sets to uncover themes and trends as a starting point to further analyze a network view — all in one, integrated UI.

Meet the CEO

Vishal Marria is the Chief Executive Officer of Quantexa. He challenges organizations to rethink the way they understand their customers. With over 14 years of experience, he is a globally recognized leader in solving financial crime, surveillance, and customer insight issues. Having expanded Quantexa internationally, Vishal has directed the company’s next-generation technology from startup to scale-up, becoming one of the UK’s fastest-growing tech companies. In addition to contributing to Forbes, Vishal won Developing Entrepreneur at The Enterprise Awards 2018.

“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.”