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: Data Management for CAT reporting

The Consolidated Audit Trail (CAT) conceived by the US Securities and Exchange Commission (SEC) in the wake of the 2010 Flash Crash has been a long time in the making, but is now approaching go live with large broker-dealers expected to begin reporting trades in November 2018. The webinar will detail CAT data requirements, review...

BLOG

Financial Crime is a Decision-Speed Problem: Rethinking AI in AML and Compliance Controls

Financial crime compliance is often described as a resourcing challenge. Firms speak of analyst backlogs, alert volumes and the rising cost of surveillance and screening. Kieran Holland, Solutions Engineering Team Leader at Innovative Systems’ FinScan, argues that the underlying constraint has shifted. Financial crime has become a decision-speed problem. “The fight against financial crime is...

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

Alternative Trading Systems Directory 2010

The year since we launched our first edition of the A-Team Alternative Trading Directory has passed by in a flash (no pun intended). And while the rate of expansion of the alternative trading system sector may have slowed – even consolidated somewhat – in the more established centres, their onward march continues both in terms of credibility, and of uptake...