Accenture has made a minority investment in Quantexa, an analytics firm that claims to “solve major challenges in financial crime, customer insight and data analytics.”
Here is an excerpt from an Accenture press release printed in Finextra:
The minority investment made by Accenture Ventures will help Quantexa accelerate the development of its AI-powered entity resolution and network analytics technology working with Accenture Applied Intelligence. The new collaboration will help clients uncover new actionable insights across multiple industry use cases including fighting financial crime.
As part of the alliance agreement, Accenture plans to build new capabilities that combine 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, allowing them to continuously adapt to emerging threats.
