Quantexa Recognized as a Category Leader in 2024 Chartis RiskTech Quadrant® for Fraud Solutions

The fraud landscape is evolving, with Authorized Push Payment (APP) fraud becoming a growing concern globally, particularly in Europe and the UK. Leading vendors are focusing on improving and evolving their solutions and capabilities to respond swiftly and effectively to new threats. 

In Chartis’ latest Enterprise and Payment Fraud Solutions, 2024: Market Update and Vendor Landscape research, Quantexa has been recognized as a Category Leader in the RiskTech Quadrant® for Enterprise Fraud Solutions. Chartis analyzed 26 providers, evaluating their offerings and functionality, and Quantexa stood out for its innovation and comprehensive platform approach. 

Quantexa’s positioning as a leader reflects its strong performance across multiple key criteria, particularly in advanced fraud detection techniques and its robust platform for fraud analytics. This recognition underscores Quantexa’s ability to innovate and its commitment to providing a comprehensive solution for tackling fraud. 

"The fraud landscape is changing: as complexity increases exponentially, there’s a strong need for a deep understanding of risk – and Quantexa’s highly unique and innovative approach to fraud management reflects this change," said Nick Vitchev, Research Director at Chartis. "Quantexa combines a multitude of fraud and risk signals to identify hard-to-detect linkages, offering a compelling solution for managing large-scale fraud investigations, including core methodologies such as APP fraud and mule detection." 

Download the full report to discover: 

• More about the evolving fraud landscape and global trends. 

• Insights on key market themes, including platformization, the transformative influence of low-code/no-code configuration options, ID risk detection as an early warning signal, and the use of generative AI for automation and co-piloting tasks. 

• An in-depth look at Chartis’ RiskTech Quadrant methodology and vendor capabilities for enterprise and payment fraud solutions, profiling 26 providers. 

• The reasons behind Quantexa’s Category Leader recognition, highlighting its best-in-class capabilities in areas such as APP and social engineering fraud detection, mule detection, and its platform’s validation for market potential and completeness of offering.