Data and analytics software company Quantexa is to work with KPMG in the UK.聽
KPMG will deploy Quantexa鈥檚 contextual decision intelligence software for clients to enable them to unlock the power of their vast data assets to combat against an increasing international financial crimewave.聽
By placing data in context with Quantexa鈥檚 CDI approach, customers can reveal and understand previously hidden risk in the real-world relationships between people, places and organisations.聽
By enriching data with contextual meaning and uncovering patterns which humans alone cannot detect, data scientists and investigators can make better-informed, trusted decisions, to navigate their organisations through transformational changes and situations which can increase risk.
鈥淏uilding greater trust and automating decision-making, along with efficiency that lowers costs, while reducing risk and assuring compliance, is simply good business鈥�, said Quantexa CEO Vishal Marria.聽
鈥淭hrough working with KPMG, customers are experiencing a whole new way to maximise the power of their data, revealing risks and opportunities they cannot otherwise see today.鈥�
Mark Cordy, partner in financial crime technology at KPMG in the UK, said: 鈥淔ighting financial and economic crime has a substantial cost to society and business.聽
鈥淔inancial institutions understand they must have robust procedures as well as the right technology to effectively identify and prevent financial crime.聽
鈥淯sing digital technology to detect money laundering risks and other suspicious activities helps companies achieve compliance, understand their business better and protect against crime.鈥�