Standard Chartered and Quantexa join forces to tackle financial crime with contextual decision intelligence

Having partnered up with HSBC in September, Quantexa is now going to provide its contextual intelligence software to help international banking group Standard Chartered prevent financial crimes.

London-based Quantexa will support Standard Chartered’s anti-money laundering, fraud and counter-terrorism funding efforts through its analytical software that minimises the risk of the financial institution falling victim to bad actors.

Praveen Jain, head FCC controls strategy and innovation at Standard Chartered, said, “Quantexa’s solution consolidates information from multiple sources, leverages advanced analytics, visualisation and contextual output. This not only simplifies tasks for the analyst, but also helps them understand the flow of funds, see the relationships between entities and identify otherwise hidden linkages that may have been difficult to establish previously.”

Vishal Marria, CEO and founder at Quantexa, added, “Working with Standard Chartered to support this initiative is a true testament to their desire to tackle and disrupt financial crime globally. Standard Chartered and Quantexa are at the forefront of using contextual decision intelligence and I am very much looking forward to growing this partnership with the bank across the enterprise.”