Data and analytics software company听Quantexa听has partnered听with professional services giant Deloitte.听
London-based听Quantexa听enables听the听contextual monitoring of criminal activities听and says the听move will help enterprises establish a robust framework against organised crime and听offer听a powerful defence against the rise of illicit finance, economic crime and听an epidemic of听fraud.听
Deloitte will utilise听蚕耻补苍迟别虫补鈥檚听Contextual Decision Intelligence (CDI) platform to enable its clients to monitor payment flows and gain a more听accurate picture of the holistic risks presented from customers and associated third parties, legitimate and otherwise.听
Economic crime constantly evolves as criminals seek newer, more sophisticated techniques to evade detection in the increasingly interconnected and digital world. Opportunities for bad actors have only increased with lockdown as digital transformation accelerated and听proven compliance processes adapted to increasingly remote transactions.听听
蚕耻补苍迟别虫补鈥檚听contextual monitoring software provides a single听view of data with analytics capability that enhances the efficiency, effectiveness and consistency听of operational investigations and monitoring.听听
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鈥淲e鈥檙e delighted to be partnering with Deloitte, whose proven global expertise in compliance and governance is the perfect fit for our CDI technology. New risks demand new technology and techniques,鈥� said CEO听Vishal Marria.听
鈥淥rganisations need to rethink听the use of traditional rules-based approaches to monitoring activity, which are inflexible and incapable of dealing with the complexity and scale of today鈥檚 enterprise data demands.鈥�听
Andrew Oates, Partner at Deloitte,听commented:听鈥�Working with听Quantexa, Deloitte clients are developing sustainable and future-focused contextual monitoring capabilities. CDI provides what is fast becoming the new standard for fighting illicit finance and economic crime.听
鈥�Our deep economic crime subject matter expertise, combined with听蚕耻补苍迟别虫补鈥檚听technology and advanced analytics, enables our clients to identify trends, monitor known risks and detect new threats more effectively – it is the next evolution of illicit finance and听economic crime monitoring.鈥�听