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: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

The Data Year Ahead: AI Reality Check and New Skills Needed

If 2024 was the year when artificial intelligence (AI) came to the fore in data management, the next 12 months could see its spread ebb as financial institutions take a reality check and slow the frenetic pace of adoption. That, at least, is one of the many predictions for the new year from of a...

EVENT

ESG Data & Tech Briefing London

The ESG Data & Tech Briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...