Accenture Forms Strategic Alliance and Invests in Data Analytics Firm Quantexa - MarketWatch

Accenture ACN, 0.40% has invested in and formed a strategic alliance with Quantexa, a leading data analytics firm that provides technology solutions to uncover new intelligence. The minority investment made by Accenture Ventures will help Quantexa accelerate the development of its AI-powered entity resolution and network analytics technology working with Accenture Applied Intelligence. The new collaboration will help clients uncover new actionable insights across multiple industry use cases including fighting financial crime. As part of the alliance agreement, Accenture plans to build new capabilities that combine its technology and risk expertise with Quantexa's network analytics platform. The collaboration aims to develop multiple AI-enabled solutions addressing business challenges in areas including anti-money laundering, credit risk and customer insight.