About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ING Deploys Quantexa for KYC, AML Investigations

Subscribe to our newsletter

Dutch bank ING Group is rolling out Quantexa’s analytics platform to strengthen risk detection and investigative capabilities in support of its global KYC and AML programmes.

ING’s investigative teams will use Quantexa’s AI and advanced graph analytics capabilities to develop more effective and efficient KYC and AML measures, by connecting customers and counterparties in order to add context and uncover complex networks. This further automates the bank’s first-line defence processes.

“The most effective method to prevent money laundering is by understanding the context underpinning and linking how criminals behave,” says Dan Higgins, Chief Product Officer at  Quantexa.

ING selected Quantexa’s platform for its ability to aid in the analysis of internal transaction data and to incorporate external data, to complete a 360-degree view of customer base risk.  Early in 2023, ING and Quantexa completed a successful first implementation for Trade Finance in Hong Kong and Singapore. ING and Quantexa are now working on a global rollout with expanded efforts in Financial Markets and Correspondent Banking.

According to Karim Tadjer, global KYC lead at ING, “By leveraging the contextual insights generated through [Quantexa’s] platform, we can strengthen our detection models and automate key processes in our KYC and AML measures. This is leading to efficiencies for our investigative teams and improved customer experiences.”

Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

Quantexa claims its Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 650 employees, and recently completed a $129 million Series E funding round.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Regulatory change management – challenges, solutions and case studies

Regulatory change has become part of the fabric of capital markets. It has also become increasingly complex as more regulations are introduced, significant amendments are made frequently, and small changes are made on a rolling basis – the whole made more difficult by jurisdictional interpretation and the UK’s amended regulatory regime post Brexit. If keeping...

BLOG

ThetaRay Extends Agentic AI into AML Investigations with Ray

As regulatory expectations around anti-money-laundering (AML) effectiveness continue to rise, many financial institutions are finding that the greatest operational pressure now sits in investigations rather than detection. While transaction monitoring models have advanced, the downstream work of reviewing alerts, assembling evidence and documenting decisions remains labour-intensive and difficult to standardise. ThetaRay is addressing this challenge...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Entity Data Management

Entity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small,...