Quantexa Win Microsoft Accelerator Award Through Citi's Tech for Integrity Challenge

Firm wins five-month Microsoft Accelerator support for its financial crime resolution software

Quantexa, the high growth big data start-up, today announced it would be entering a four-month accelerator programme with Microsoft, awarded for their data analytics technology which tackles financial crime.

The firm was a finalist in Citi's Tech for Integrity Challenge, which is designed to encourage and reward innovators providing cutting-edge solutions that promote integrity, accountability and transparency. The challenge has several strategic allies including Facebook, IBM, Mastercard, PwC and Microsoft.

As part of the challenge, Quantexa was also a winner of the Microsoft Accelerator Award, which resulted on being selected for the four-month tailor-made program for market-ready start-ups looking to go beyond the development of their product by scaling their business. The accelerator will involve support from Microsoft on marketing, financing, strategy building and customer acquisition.

Quantexa will use the programme to develop a SaaS model of its real-time analytics technology to deliver seamless integration, enabling any business to adopt advanced customer analytics for a significantly lower cost. The company uses sophisticated entity resolution and network techniques to help businesses understand their data, and subsequently make better decisions.

David Burrows, Managing Director of International Organisations at Microsoft, commented: 'We are delighted to award Quantexa the Microsoft Accelerator Award as part of the Citi Technology for Integrity Challenge. We look forward to supporting them in their growth, especially as their solution has such important applications in the world of financial crime prevention.'

Thomas Fairey, Director of Quantexa, commented: 'We are immensely proud that our technology has been recognised by Microsoft for promoting integrity and transparency. We are looking forward to working closely with Microsoft and its partners in growing our business in order to help more customers tackle such a poignant issue.'

About Quantexa

Quantexa enables companies and institutions to make better decisions from their data. Quantexa's revolutionary technology is based on the latest developments in Big Data software and uses real-time entity resolution with network analytics and AI to knit together vast and disparate data sets and derive actionable intelligence. They are led by a team of experts with a collective experience of over a century in advanced analytics and data focused solutions. They are headquartered in London, with offices in Brussels and Sydney.