Quantexa and Deloitte partner against financial crime and illicit transactions

Quantexa and Deloitte partner against financial crime and illicit transactions

Opportunities for financial crime and bad actors are increasing as companies work remotely.

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Data analytics company Quantexa is partnering Deloitte as part of its global illicit finance and economic crime initiative, to enable the contextual monitoring of criminal activities.

The move will help enterprises establish a robust framework against organised crime, and a powerful defence against the rise of illicit finance, economic crime and the fraud epidemic.  

Deloitte will utilise Quantexa's Contextual Decision Intelligence (CDI) platform to enable its clients to leverage technology and analytics as part of robust Economic Crime Governance and Risk Management Frameworks, to monitor payment flows and gain a more accurate picture of the holistic risks presented from customers and associated third parties, legitimate and otherwise.

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 lockdowns as digital transformation accelerated and proven compliance processes adapted to increasingly remote transactions.

Quantexa's contextual monitoring software provides a single view of data with analytics capability that enhances the efficiency, effectiveness and consistency of operational investigations and monitoring.

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