Quantexa goes on data adventure with Accenture
The investment, which remains undisclosed and was done through Accenture Ventures, will help Quantexa accelerate the development of its artificial intelligence (AI) solution and network analytics technology working with Accenture Applied Intelligence.
As part of the agreement, Accenture will build new capabilities combining its technology and risk expertise with Quantexa’s network analytics platform.
The collaboration aims to develop multiple AI-enabled solutions addressing business challenges in areas including anti-money laundering, credit risk and customer insight.
In addition, Accenture’s Financial Crime Analytics Utility, a data Analytics-as-a-Service platform, will help train and refine Quantexa’s dynamic network analytics models.
Adam Markson, managing director, Accenture Finance and Risk Services, says: “This alliance further enhances our Financial Crime Analytics Utility, which will help prevent the movement of illicit funds that enable real world issues, including human trafficking and drug crime.”
Vishal Marria, CEO of Quantexa, says: “Creating context is critical in investigations to help clients connect the dots in their data, allowing them to see the complete picture and make better decisions.”