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Quantexa and Arachnys partner in fight against financial crime

GRC Announcements | March 12, 2018

Big Data specialist Quantexa is partnering with Arachnys in the fight against financial crime. Both technology providers will be harnessing the power of each other’s respective technologies to identify and monitor customer risk.

Quantexa will be using Arachnys’ cloud-based investigation platform and global news assets to dynamically screen against negative news, locate missing Know Your Customer (KYC) data and provide enhanced risk scoring. This will give financial institutions a deeper understanding of the risks associated with their customers.

Arachnys will utilize Quantexa’s software to compute relationship and network risk, to identify high-risk entities and Ultimate Beneficial Owner structures in a subject’s network and to trigger events for KYC data collection. The fusion of the technologies will reduce false positive matches and ensure complete views of customer risk across entire populations, while assuring compliance for new regulations.


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