Quantexa, a decision intelligence platform provider, has partnered with Microsoft to bring a new cloud-native artificial intelligence solution to mid-size banks in the USA.
The firm will build a new Azure-native, software-as-a-service solution that will provide capabilities for monitoring, detecting and investigating financial crime and risk to banks throughout the US. It will do this by deploying AI-powered tools that result in end-to-end anti-money laundering management.
“Our new partnership with Microsoft is testament to our commitment to providing our customers with accessible solutions and we’ll continue to do more and to meet our customers where they need us,” says Dan Higgins, chief product officer at Quantexa.
Quantexa plans to make an initial set of capabilities available by the end of 2024. Meanwhile, its Decision Intelligence Platform is now available globally on Azure Marketplace.
“Financial Services organisations have become smarter and more efficient when it comes to successfully navigating shifting market dynamics,” says Tyler Pichach, director of financial services strategy at Microsoft. “This is creating the need to use trusted data and AI to augment and automate the thousands of operational decisions they make daily when it comes to managing their data, tackling financial crime, or identifying new revenue opportunities. We are committed to working with partners like Quantexa to make its Decision Intelligence Platform available on Microsoft Azure Marketplace, bring new cloud native solutions to expanded market segments and drive joint innovation to help our customers across multiple industries tackle some of their biggest challenges.”
About: Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 700 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, Dublin, Brussels, Malaga, UAE, New York, Boston, Toronto, Sydney, Melbourne, and Tokyo.
“Quantexa’s proprietary platform heralds a new generation of decision intelligence technology that uses a single contextual view of customers to profoundly improve operational decision making and overcome big data challenges,” said Richard Seewald, founding and managing partner of Evolution, in a statement. “Its impressive rapid growth, renowned client base and potential to build further value across so many sectors make Quantexa a fantastic partner whose team I look forward to working with.” Seewald is joining the 
board with this round.
Source: TechnologyRecord
