Credit Bureau Asia Unit Partners with Quantexa to Introduce AI-driven Compliance and Risk Solutions
Credit Bureau Asia has announced that its subsidiary Dun & Bradstreet (Singapore) (D&B) is collaborating with data and analytics firm Quantexa to introduce compliance and risk solutions targeted at financial institutions, insurance companies, government entities and multinational corporations in Singapore. According to a news release by CBA on Sept 20, the solutions introduced by D&B and Quantexa will enable companies to leverage on contextual decision intelligence to increase investigation efficiency, optimize their compliance processes and better address regulatory demands.
Audrey Chia, CEO of D&B, highlights the importance of establishing robust, digitally-enabled and data-driven compliance programmes in the face of growing compliance risk and fraud globally.
“Combining Quantexa’s advanced solutions and D&B’s comprehensive data, we believe we can help companies automate their compliance processes through artificial intelligence, reduce losses arising from compliance risks and keep their compliance efforts sustainable in the long-term,” she says.
Through the partnership, D&B and Quantexa will provide a single contextual view of data across directors, shareholders, and beneficial owners in their global dataset. Quantexa’s software enables Network Linking, applying AI and graph-based analytics to discover hidden risk which improves trusted operational decision making across areas such as Know Your Customer (KYC), anti-money laundering and counter fraud.
“We’re delighted to expand our relationship with CBA and D&B as we widen our footprint in Southeast Asia. Jointly, we are able to offer ground-breaking data and analytics capabilities for organizational risk identification accuracy and efficiency,” says Mark McNerney, director of alliances at Quantexa.
About: Quantexa develops network analytics tools for the detection and prevention of financial crime. It has recently raised $64.7M to Bring Big Data Intelligece to Risk Analysis and Investigations.
Source: the Edge Singapore news
