Financial Crime Compliance

Quantexa is a best-in-breed solution built by professionals with decades of experience across the financial-economic crime, compliance, intelligence, law enforcement and analytics space, underpinned by a technology that maximizes multiple data sources to support more effective and more efficient risk identification and investigation and is battle tested with organizations globally. 

 Building in-house technology can be a viable option for many companies, depending on their specific needs, circumstances and skill sets. However, there are several factors to consider when deciding whether to build in-house technology or use best of breed third-party solutions such as Quantexa. These factors include employing cutting-edge technology such as entity resolution and advanced network analytics. Considerations related to time-to-market and the complexities involved with executing on such projects. Very often, process delays can interrupt time sensitive initiatives and hinder a company’s agility. Using best in breed technologies like Quantexa come with lower risks compared to building entirely new technologies. Our solutions have gone through extensive testing, updates and iterations which reduce the likelihood of major vulnerabilities. Our streamlined best practices enable organizations to stay the course with a continued focus on core competencies that drive revenue and growth.   

 Similarly, through its Community program and user forums Quantexa clients have collaborative access to peers in comparable roles, facing and overcoming similar challenges.  

 Our approach can also provide bottom line benefits that demonstrates quantifiable improvements that support budgeting now and in the future. 

Whilst the use case and risk coverage will largely determine the data needs, to generally better detect and investigate financial crimes, you would need access to various types of data from multiple trusted sources – consolidated into a single source for monitoring, detection and investigation purposes.  

Here are just some key data types that can be valuable in detecting financial crimes. However, as part of any engagement Quantexa will help guide you to ensure you use only the data that’s required: 

• Transaction data  

• Customer data 

• External / third-party data (corporate registries, government databases, watchlists, sanctions lists, public records, adverse media, etc.) 

• Compliance data  

• Market data (related to market conditions, assets, prices, trading volume, trends, etc.) 

• Risk scoring data   

It's worth noting that while access to these data sources is beneficial in detecting and investigating financial crimes, it is always essential to adhere to legal and privacy regulations when collecting, storing, and processing personal and sensitive information. 

Quantexa Financial Crime solutions are built with flexibility, agility and self-sufficiency in mind and can be implemented incrementally. We integrate seamlessly with existing systems and can augment technology and processes already in place. We can iterate our approach with more capabilities and use cases to yield consistent, substantial value across your enterprise as our relationship evolves. We also design solutions for seamless integration to industry standard case manager tools including Oracle Mantas, Appian and Actimize. 

Our Specialist User Groups are where customers, partners, Quantexa experts and thought leaders can share expertise, experience and knowledge across the globe on the use of data, technology & analytics. 

The Financial Crime User Group brings together members focused on taking a proactive approach to financial crime and fraud detection, prevention and investigation. 

Join the group today in the Quantexa Community.