Tag: Quantexa

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?

Compliances teams are often faced with a challenge of how to get a 360-degree view of corporate clients, particularly when they are large multinationals with complex structures.

In an increasingly digital and connected world, the need to stay alert to new challenges has never been clearer.  

Combating fraud often feels like an unwinnable battle, but firms can do a lot more than they think to prevent scams.

Quantexa has secured a powerful full year fiscal 2022 performance and has emphasised its 144% net retention rate and 70% increase in committed ARR across the year.

The KYC and refresh process in financial services can often be heavily burdensome, complex and costly for companies, with processes still lacking up-to-date technologies.

Since the onset of Covid-19, financial crime and fraud has continued to rise in number and stature – which criminals riding the great wave of the mass migration online.

Despite firms having robust and widespread risk management and compliance processes in place, there is still a strong threat from falling victim to fraud.