Founded in 2016 with only a handful of individuals, Quantexa was built with a purpose that through a greater understanding of context, better decisions can be made. We connect the dots within our Customers data using dynamic entity resolution and advanced network analytics to create context, empowering businesses to see the bigger picture and drive real value from their data. Due to the continuous success and high demand from our customers, we are looking for a Data Engineer with a proven track record to join the Quantexa family. What does a Data Engineer role at Quantexa look like? In order to be a successful data Engineer at Quantexa, you'll need to be comfortable dealing with both internal and external stakeholders You will be managing, transforming and cleansing high volume data, helping our Tier 1 clients solve business problems in the area of fraud, compliance and financial crime.

Data analytics firm Quantexa has entered the unicorn club, reaching a valuation of $1.8bn (£1.5bn) after securing $129m (£103.9m) in Series E funding. Quantexa's funding round was led by GIC, with additional capital coming from Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO, and AlbionVC. Several of its backers, including HSBC and BNY Mellon, are also customers of Quantexa. The London headquartered company has developed AI tools to detect and spot fraud and money laundering, along with enterprise intelligence software to assist with business decision-making. The company was previously valued between $800m and $900m in a $153m Series D round in 2021.

Quantexa empowers organisations to drive more informed and actionable decisions using data. By harnessing the latest advancements in big data and AI, Quantexa's decision intelligence platform creates context to uncover hidden risk and opportunity within data, that drives better business decisions. Our technology solves major challenges across financial crime, customer insight, credit risk and fraud. In just over four years, we've grown from a few desks huddled in the corner of a shared space to having over 300 staff with worldwide! Having completed our Series C funding round, attracting more than $90m in investment, we are now in a scale up phase and increasing the capacity for Research and Development is an essential component of our growth strategy.

Organized crime is very active throughout both the private and public sectors. From banks to major retailers, federal governments to small businesses, fraudsters aren't discerning when choosing which type of organization to target. What's more, crime rings are actively recruiting and deploying groups of thieves across the U.S., making it increasingly difficult for companies to catch bad actors before they strike. Overwhelmed by unmanageable amounts of data, companies have left gaps in their IT systems that criminals are eager to exploit. It's well past time for businesses and governments to take steps to thwart nefarious actors by using technology that outpaces them, keeps customer data safe, and protects organizations across the board.

Big data analytics startup Quantexa today closed a $64.7 million financing round at a valuation "well north of a quarter billion dollars," which a spokesperson told VentureBeat will be put toward accelerating the company's product roadmap and expansion in Europe, North America, and Asia Pacific regions. It comes after a year in which Quantexa landed customers like SBC, Standard Chartered Bank, and OFX and expanded the availability of its platform to more than 70 countries. Enterprises have multiple data buckets to wrangle -- upwards of 93% say they're storing data in more than one place -- and some of those buckets inevitably become underused, partially used, or forgotten. A Forrester survey found that between 60% and 73% of all data within corporations is never analyzed for insights or larger trends, while a separate Veritas report found that 52% of information stored by organizations is of unknown value. The opportunity cost of this unused data is substantial, with the Veritas report pegging it as a cumulative $3.3 trillion by the year 2020 if the current trend holds.

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.

According to a report from the World Economic Forum, artificial intelligence (AI) is set to become central to the fabric of institutions and will completely transform the financial landscape as we know it. In the past dominant institutions were built on the scale of their assets, standardised products which drove cost-effective revenue growth, exclusive and direct access to their markets, high switching costs and human ingenuity. In the future, these institutions will instead be built on scale of data. AI will drive operational efficiency and tailored experiences. It will augment human talent and technology to give optimum performance. The deployment of AI is forecast to save the banking industry over $1 trillion by 2030.

Big data and enterprise intelligence specialist Quantexa has appointed Peyman Mestchian as a Non-Executive Director. Mestchian brings a huge array of expertise with him as a leader in Artificial Intelligence and risk management and will lead and advise on Quantexa's further expansion into the fields of risk and financial technology. Mestchian has over 21 years in finance, AI and risk technology and is a Fellow of the Institute of Risk Management. Sitting on multiple boards, Mestchian is an advisor and investor in AI and FinTech. A member of the advisory board for The AI Initiative at The Future Society and board member at the Institute of Operational Risk, Mestchian's expertise lies in applying information technology to a variety of risk and compliance requirements.