About a-team Marketing Services
The knowledge platform for the financial technology industry
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: A harmonised approach to data management for regulatory reporting and record keeping

Financial institutions acknowledge the need to harmonise their approach to data management for regulatory reporting and record keeping, and recognise the resulting benefits of increased efficiency, reduced costs and readiness for future regulation – but while the concept may be clear, the practicalities of implementing a harmonised approach can be challenging. The webinar will detail...

BLOG

Adverse Media Screening Moves From Search to Risk Intelligence

Financial institutions have accepted adverse media screening as a core element of financial crime compliance, but the next challenge is more exacting: proving that the right entity is being screened, across the right sources, with a decision trail that can withstand scrutiny. That is the operational issue beneath Ripjar’s report, The State of Adverse Media...

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

Tackling the Data Management Challenges of FATCA

As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...