Quantexa, a London, UK-based big data analytics provider, raised $3.3m in funding.
The round was led by Albion Ventures and HSBC.
The company intends to use the funds to further accelerate product development and international expansion, with new offices in Brussels, Sydney and New York opening throughout 2017.
Founded in 2016 and led by Vishal Marria, CEO, Imam Hoque, COO and Global Head of Product, Quantexa uses big data analytics to tackle complex financial crime and data challenges within multiple industries. Applications include:
– Protection against financial losses and reputational damage with data analytics and entity and network based techniques.
– Creation of a single and networked view of customers across disparate data sources, to support all areas of your business.
– Reduction of the cost of compliance and AML programs through efficient and effective data-driven approaches.
– Deployment of a holistic approach to surveillance across market abuse, electronic communciations surveillance, insider trading and unauthorized trading risks.