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Global bank ING and data analytics software company Quantexa have announced a strategic partnership.
RegTech firm Quantexa has announced the global availability of its decision intelligence platform and solutions on Google Cloud Marketplace.
Quantexa, data analytics firm, has scored £103.9m in a Series E funding round, lifting its valuation to $1.8bn and becoming a unicorn.
Quantexa, a developer of decision intelligence (DI) solutions, has acquired Ireland-based Aylien, which builds NLP and advanced AI tools for data to collect, analyse and understand unstructured data.
Holistic views of integrity risks within the supply chain allows teams to reduce the potential for illicit activity to slip through the net, according to Quantexa.
With the world in the midst of a very turbulent market, Quantexa has offered advice as to how companies can achieve growth and manage risk during this time. The secret is using all available information to anticipate and respond to new risks and emerging opportunities.
Combating fraud continues to be a major challenge in the UK. Last year, over £1.3bn was stolen by fraudsters in the UK in 2021, according to Feedzai. However, technology is still making a change.
For as long as insurance has been around, criminals have been committing insurance fraud. With increasingly sophisticated fraud activity, insurers are turning to artificial intelligence and machine learning. However, they must develop standards to prevent unfair discrimination and remove any bias in these technologies.
Despite the pandemic being the main influencer of the hybrid work trend, the model appears now to be here for good. With more people working from home than ever before, how can companies manage internal fraud cases?