News

KPMG and Quantexa announce fraud prevention collaboration

Monday 25 October 2021 14:35 CET | News

Canada-based accounting company KPMG has partnered with UK-based fraud prevention company Quantexa to help organisations in the UK defend against fraud, money laundering, and illicit finance.

KPMG will deliver Quantexa’s Contextual Decision Intelligence (CDI) software to enable clients to make use of their data assets to combat against international financial crimewave.

Reportedly, CDI ‘solves the issue’ for managing disparate data in Financial Services. Quantexa said by placing data in context with CDI’s approach, customers can ‘reveal and understand’ previously hidden risk in the real-world relationships between people, places, and organisations. 

The software will uncover patterns, so data scientists and investigators can make decisions to navigate their organisations through changes and situations which can increase risk. According to Quantexa, this collaboration will help customers improve operational business decision making, minimise client risk and ensure compliance.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: digital identity, fraud prevention, AML, Quantexa, partnership, financial data, compliance
Categories: Fraud & Financial Crime
Companies:
Countries: United Kingdom
This article is part of category

Fraud & Financial Crime