London, 11th March, 2024 — Dun & Bradstreet, a global leader in commercial data and analytics, and Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, are taking their longstanding collaboration to new heights. By leveraging their combined expertise in data and AI, they are poised to address critical challenges faced by the banking industry, supporting banks in getting more control over their siloed data and building trust with customers.
Large banks have long grappled with fragmented data landscapes, resulting in trust erosion, regulatory hurdles, and missed opportunities. Dun & Bradstreet’s latest B2B Data Report identified numerous data challenges businesses are currently facing, from data inconsistency across platforms to missing data and lack of integration. The inability to connect disparate data sources has hindered decision-making, leaving valuable insights untapped.
By fusing best-in-class data matching and graph analytics capabilities from Quantexa’s Decision Intelligence Platform with Dun & Bradstreet’s rich data insights, banking customers can receive a contextual view of business relationships to support their digital transformation goals:
- Entity Resolution & Graph Analytics: Quantexa’s cutting-edge technology creates an accurate 360-degree view of real-world entities. It builds a unified and enhanced view of data, unlocking data-driven decisions and rich graph analytics. The Entity Resolution capability uses Dun & Bradstreet’s strong data to resolve complex hierarchies and reveal hidden relationships. Banks gain a holistic view of their customers, and the Decision Intelligence solution draws actionable insights for decision makers.
- Comprehensive Business Data: Dun & Bradstreet’s unrivalled business data—spanning companies, executives, and industry sectors—provides the bedrock for smarter decision-making. From compliance to risk management, this data empowers banks to navigate the complex financial landscape.
- Operational Agility: The joint solution scales effortlessly to handle big data. Whether it’s customer due diligence, fraud detection, or risk assessment, banks can rely on a single trusted data foundation that supports multiple business use cases.
- Empowering Innovation: The collaboration not only establishes a trusted data foundation but also fuels innovation and empowers the implementation of flexible and explainable AI solutions. With a robust data backbone, banks can build powerful applications that enhance customer experiences, streamline operations, drive efficiency, and enhance business resilience.
Commenting on the partnership, Sara de la Torre, Head of Banking and Financial Services at Dun & Bradstreet said: “Businesses have long struggled to get control over their siloed data estate, this has created a knock-on effect over the years by destroying trust, causing various regulatory problems, and now hindering innovation in areas such as digital transformation. Dun & Bradstreet’s partnership with Quantexa offers best-in-class Entity Resolution software paired with the world’s most comprehensive business data. This joint offering helps build a trusted data foundation delivering powerful insights to drive business resilience, digital transformation and empower AI. Our longstanding partnership underscores our commitment to providing businesses with global data and local expertise to enable smarter decisions."
Mark McNerney, SVP of Global Alliances at Quantexa, said: “Partnerships with leading data providers like Dun & Bradstreet sit at the core of what Quantexa aims to do: equip business leaders and their organizations with the solutions needed to drive greater effectiveness and efficiency by leveraging world class data and AI for augmented and automated decisioning. Too often, business analysts are tripping over duplicates in their datasets and are unable to get a clear view of their customers and counterparties’ relationships. This is key for identifying opportunity versus risk in their data, ensuring banks are set up to protect, optimize, and grow.”
ENDS
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.co.uk.
About Quantexa
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 700 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, Dublin, Brussels, Malaga, UAE, New York, Boston, Toronto, Sydney, Melbourne, and Tokyo.
For more information, please visit www.quantexa.com or follow us on LinkedIn.