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

Quantexa and Arachnys Partner to Identify and Monitor Customer Risk

Subscribe to our newsletter

Quantexa, provider of big data management software, and Arachnys, provider of a financial crime risk assessment platform, have teamed up to identify and monitor customer risk.

Quantexa will use the Arachnys cloud-based investigation platform and global news assets to dynamically screen against negative news, locate missing Know Your Customer (KYC) data and provide enhanced risk scoring, giving financial institutions a deeper understanding of the risks associated with their customers.

Arachnys will use Quantexa software to compute relationship and network risk, identify high-risk entities and ultimate beneficial ownership structures, and trigger events for KYC data collection. The combination of technologies is designed to reduce false positive matches and ensure complete views of customer risk across populations, while assuring compliance with regulations.

The partnership comes ahead of the US Treasury’s Office of the Comptroller for Currency’s (OCC) final rule on customer due diligence, which will be implemented on May 11, 2018. The OCC rule states that all financial institutions must adhere to specific requirements in understanding who the ultimate beneficial owner is of every newly opened account.

Vishal Marria, CEO at Quantexa, says: “With the final date on the OCC’s ruling fast approaching, we are able to offer financial institutions technology to help keep them compliant and tackle a crucial issue.”

Ed Sander, president of Arachnys, comments: “The identification of ultimate beneficial owners will financial institutions in 2018. The combined Arachnys and Quantexa capabilities will provide institutions with improvements in their risk management capabilities and help them in the ongoing fight against financial crime.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

Private Markets Data Opportunities Under the Microscope: Webinar Preview

As institutional asset managers accelerate their allocations into private markets, they often find themselves facing an alien landscape when it comes to data. Used to the data-driven systems that power public capital markets, investors in private markets, including private equity and private credit as well as alternatives such as property, must contend with greater opacity,...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...