Tag: Quantexa

With the world in the midst of a very turbulent market, Quantexa has offered advice as to how companies can achieve growth and manage risk during this time. The secret is using all available information and data to anticipate and respond to new risks and emerging opportunities.  

Quantexa, a developer of contextual decision intelligence (DI) solutions, has opened its new technology and analytics hub in Malaga Tech Park, Spain.

Combating fraud continues to be a major challenge in the UK. Last year, over £1.3bn was stolen by fraudsters in the UK in 2021, according to Feedzai. However, technology is still making a change.

Innovation in the insurance industry is not just important, it is essential. A more dynamic market has meant insurers are venturing into non-traditional sectors as well as looking for more advanced ways of serving existing markets. The industry must ramp up its innovation efforts if it is to tackle increasingly threatening risks, such as climate events and cyber-attacks.

For as long as insurance has been around, criminals have been committing insurance fraud. With increasingly sophisticated fraud activity, insurers are turning to artificial intelligence and machine learning. However, they must develop standards to prevent unfair discrimination and remove any bias in these technologies.

Despite the pandemic being the main influencer of the hybrid work trend, the model appears now to be here for good. With more people working from home than ever before, how can companies manage internal fraud cases?

Compliances teams are often faced with a challenge of how to get a 360-degree view of corporate clients, particularly when they are large multinationals with complex structures.

In an increasingly digital and connected world, the need to stay alert to new challenges has never been clearer.  

Combating fraud often feels like an unwinnable battle, but firms can do a lot more than they think to prevent scams.

Quantexa has secured a powerful full year fiscal 2022 performance and has emphasised its 144% net retention rate and 70% increase in committed ARR across the year.