Standard Chartered has partnered with UK-based contextual decision intelligence software firm Quantexa to bolster its financial crime prevention abilities.
Quantexa will join Standard Chartered’s Financial Crime team to support anti-money laundering and anti-terrorist financing initiatives.
Go deeper with GlobalData
The team will leverage co-developed Quantexa decision intelligence platform to obtain a comprehensive customer view.
The platform is also said to enable Standard Chartered to carry out complex financial thematic investigations.
Overall, the collaboration will provide the British bank a holistic view of investigations as well as facilitate the decision making process.
Besides, the Quantexa platform is said to improve investigation consistency and allow Standard Chartered to ensure more effective financial crime compliance.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataStandard Chartered head of FCC Controls Strategy and Innovation Praveen Jain said: “Quantexa’s solution consolidates information from multiple sources, leverages advanced analytics, visualisation and contextual output.
“This not only simplifies tasks for the analyst, but also helps them understand the flow of funds, see the relationships between entities and identify otherwise hidden linkages that may have been difficult to establish previously.”
Last year, another British bank HSBC joined forces with Quantexa to tackle money laundering.
