Alice Chambers |
Quantexa, a decision intelligence platform provider, has partnered with Microsoft to bring a new cloud-native artificial intelligence solution to mid-size banks in the USA.
The firm will build a new Azure-native, software-as-a-service solution that will provide capabilities for monitoring, detecting and investigating financial crime and risk to banks throughout the US. It will do this by deploying AI-powered tools that result in end-to-end anti-money laundering management.
“Our new partnership with Microsoft is testament to our commitment to providing our customers with accessible solutions and we’ll continue to do more and to meet our customers where they need us,” says Dan Higgins, chief product officer at Quantexa.
Quantexa plans to make an initial set of capabilities available by the end of 2024. Meanwhile, its Decision Intelligence Platform is now available globally on Azure Marketplace.
“Financial Services organisations have become smarter and more efficient when it comes to successfully navigating shifting market dynamics,” says Tyler Pichach, director of financial services strategy at Microsoft. “This is creating the need to use trusted data and AI to augment and automate the thousands of operational decisions they make daily when it comes to managing their data, tackling financial crime, or identifying new revenue opportunities. We are committed to working with partners like Quantexa to make its Decision Intelligence Platform available on Microsoft Azure Marketplace, bring new cloud native solutions to expanded market segments and drive joint innovation to help our customers across multiple industries tackle some of their biggest challenges.”