Quantexa Positioned by Global Risk Analyst Firm Chartis as a Category Leader in 2023 RiskTech 100 Report for Trade-Based Money Laundering Solutions

Chartis also gave top ranking to Quantexa’s Entity Resolution solution – addressing key data management challenges that are costing financial institutions millions LONDON, Dec. 22, 2022 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that their Decision Intelligence Platform has been recognized as a […]

Chartis also gave top ranking to Quantexa’s Entity Resolution solution – addressing key data management challenges that are costing financial institutions millions

LONDON, Dec. 22, 2022 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that their Decision Intelligence Platform has been recognized as a category leader in the Chartis RiskTech100 report for Trade-Based Anti-Money Laundering Solutions (TBAML). Quantexa’s Decision Intelligence Platform has also been recognized by Chartis as a category leader in the recently released Chartis Financial Crime Risk Management Systems, Entity Management and Analytics Quadrant report.

RiskTech 100: Trade-Based Anti-Money Laundering Solutions
The 2023 RiskTech100 report ranks the world’s major players in risk and compliance technology. In the Trade-based money laundering (TBML) category Quantexa was named as a category leader for data support of their enterprise solution. The Quantexa Trade AML Solution was also ranked for depth of typology coverage, breadth of analytical techniques and workflow.

Today’s Anti-money laundering efforts face many growing and unresolved challenges. In a digital and globalized world, criminals are using a wide range of strategies to be successful – making context a critical factor in the ability to accurately detect trade-based money laundering. By unifying internal and external data sources and scaling to understand billions of transactions, Quantexa’s Decision Intelligence Platform helps organizations create a holistic view of transactional, customer, and counterparty information. Quantexa’s approach to TBAML provides more accurate and efficient detection so organizations can reduce risk, assure compliance, and protect their reputation. Increased alert quality and automation, combined with reducing the volume of false positives helps organizations gain efficiencies and do more with the resources they already have.

Financial Crime Risk Management Systems: Entity Resolution
Quantexa’s dynamic Entity Resolution Solution capability that is a critical part of its industry leading Decision Intelligence Platform was recognized for coverage, scalability, data enrichment, depth and breadth of data sources supported.

Quantexa’s Entity Resolution Solution is an advanced data matching capability that connects disparate and ambiguous internal and external data at scale. Entity Resolution creates focused and complete views of people, organizations, places, and other data delivering game changing data quality and match rate accuracy. Quantexa also supports ‘dynamic entity resolution’, which gives unique flexibility across multiple use cases and informs granular and extensive security protocols.

Decision Intelligence Platform
Quantexa’s Decision Intelligence Platform gives enterprises the ability to unify their data by connecting siloed sources and systems, providing the context needed to visualize the complex relationships that enable previously hidden risk to be discovered. Quantexa’s unique entity resolution technology can connect the most disparate and ambiguous internal and external data at scale to create single, complete views of people, organizations, places, and other data with 99% accuracy, handling poor quality data with exceptional performance. The result is a single view of data that becomes their most trusted and reusable resource across the organization.

Chartis Chief Researcher Sidhartha Dash said:

“Quantexa’s increasingly mature solutions and their strong implementations in large financial institutions leveraging network-based concepts, drove their rise in the RiskTech 100 as well as their leadership in TBAML and Entity Management quadrants.”

Quantexa Chief Product Officer Dan Higgins added:

“Quantexa is delighted to be included in the RiskTech 100 report, positioned very strongly amongst an esteemed list of enterprise solution providers. At Quantexa, we are keenly aware that criminals are hiding in plain sight and that traditional monitoring systems and manual controls just can’t handle today’s complexity, scale of activity and the underlying regulatory shifts, in particular the focus on counterparty risk, as well as customers. The usage of contextual monitoring to detect and manage the holistic financial crime and fraud risks within International Trade, including the identification of prerequisites such as underlying collusion, the presence of shell companies and professional money laundering gatekeeps and enablers has been a defining factor in Quantexa’s success in this space.”

ABOUT QUANTEXA

Quantexa is a global data and analytics software company pioneering Contextual 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 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 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney. For more information, contact Quantexa here or follow us on LinkedIn.

ABOUT CHARTIS

Chartis is a research and advisory firm that provides technology and business advice to the global risk management industry. Chartis provides independent market intelligence regarding market dynamics, regulatory trends, technology trends, best practices, competitive landscapes, market sizes, expenditure priorities, and mergers and acquisitions. Chartis’ RiskTech Quadrant reports are written by experienced analysts with hands-on experience of selecting, developing, and implementing risk management systems for a variety of international companies in a range of industries, including banking, insurance, capital markets, energy, and the public sector.

Media Inquiries:

C: Laurel Case, VP, Fight or Flight

T: +1 315 663 6780

E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

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Synchronoss Announces More Than 30 Million RCS-Based Messaging Subscribers in Japan

Leveraging the Synchronoss Advanced Messaging Platform, NTT DOCOMO, KDDI, and SoftBank Deliver Cross-Operator Advanced Messaging Service Enabling Users and Brands to Communicate, Interact, and Transact BRIDGEWATER, N.J., Dec. 21, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, […]

Leveraging the Synchronoss Advanced Messaging Platform, NTT DOCOMO, KDDI, and SoftBank Deliver Cross-Operator Advanced Messaging Service Enabling Users and Brands to Communicate, Interact, and Transact

BRIDGEWATER, N.J., Dec. 21, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced a new milestone in Japan for its Synchronoss Advanced Messaging platform. In collaboration with mobile operators NTT DOCOMO, KDDI, and SoftBank, the Japanese consortium now supports 32.5 million subscribers of +Message, the cross-operator RCS service powered by Synchronoss Advanced Messaging.

The current milestone represents a 62 percent increase in subscribers since Synchronoss noted the progress of the Japanese consortium’s deployment of its Rich Communications Service (RCS) in November 2020.

Offering a feature-rich text messaging system, +Messaging allows Japanese users to communicate with friends and family, in addition to providing the capability to interact and engage with brands and businesses safely and securely.

The consortium’s +Messaging service is powered by Synchronoss Advanced Messaging, an end-to-end platform and mobile commerce suite that allows operators to deliver an advanced messaging ecosystem. Synchronoss Advanced Messaging connects brands and content providers with subscribers, offering new ways to communicate and transact commerce.

“The adoption of more than 30 million +Messaging subscribers in Japan further validates the value of RCS and how mobile operators can utilize it to offer new revenue-generating services,” said Yosuke Morioka, General Manager, Japan, at Synchronoss. “We look forward to working with NTT DOCOMO, KDDI, and SoftBank to explore additional market opportunities for this feature-rich technology platform.”

It is signification that +Message currently is available for all the mobile phone brands of the three operators and MVNO. In addition, it now supports public personal identification (JPKI) with My Number cards, allowing the users to open a bank account or use a credit card with easy and secure verification of the identity via +Message, delivering more engaging experiences within the mobile ecosystem.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

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No proposal under consideration to increase power tariff: Dastgir

Minister for Power Division Khurram Dastgir has said there is no truth in reports of increase in power tariff adding that no such proposal is under consideration.In a statement, he said Power Ministry runs various simulations in its efforts to reduce c…

Minister for Power Division Khurram Dastgir has said there is no truth in reports of increase in power tariff adding that no such proposal is under consideration.

In a statement, he said Power Ministry runs various simulations in its efforts to reduce circular debt which consider a wide range of options, but this doesn’t mean that every option will result in tariff increase.

He also termed the reports baseless in which it was claimed that the revenue collection has decreased by 83 percent.

He said cumulative collection stands at 91 percent during July to November while in November, the collection is 98 percent against computed billing.

The minister said contrary to the media reports, the transmission and distribution losses have decreased during the last four months and witnessed visible reduction from 20 percent to 11 percent during the period of July to October.

Source: Radio Pakistan

Sajid Turi assures to resolve issues of Overseas Pakistanis on priority basis

Minister for Overseas Pakistanis and Human Resource Development Sajid Hussain Turi has assured to resolve issues being faced by Overseas Pakistanis on priority basis.Addressing a ceremony in Lahore on Thursday, he said special courts will be establishe…

Minister for Overseas Pakistanis and Human Resource Development Sajid Hussain Turi has assured to resolve issues being faced by Overseas Pakistanis on priority basis.

Addressing a ceremony in Lahore on Thursday, he said special courts will be established for the facilitation of those overseas Pakistanis whose properties including land have been occupied by land grabbers.

Regarding educational facilities to the children of overseas, the Minister revealed the plan to establish University where special quota will be allocated for them.

Earlier, Sajid Hussain Turi performed ground breaking of commercial building of Overseas Pakistan Foundation.

Source: Radio Pakistan

Pakistan to continue engagement with Afghanistan for regional peace: FO

Pakistan believes in peaceful neighborhood and reiterates that it will continue engagement with Afghanistan on different issues for regional peace and stability.This was stated by Foreign Office Spokesperson, Mumtaz Zahra Baloch during her weekly press…

Pakistan believes in peaceful neighborhood and reiterates that it will continue engagement with Afghanistan on different issues for regional peace and stability.

This was stated by Foreign Office Spokesperson, Mumtaz Zahra Baloch during her weekly press briefing in Islamabad today.

She said Pakistan and Afghanistan have the mechanisms of talks to resolve issues which yield positive results. She said Pakistan is committed to countering terrorism and we will definitely defeat the terrorists again.

Replying to a question, the Spokesperson said all required step will be taken to protect sovereignty and citizens of the country.

She said war and instability in Afghanistan caused huge loss to both Pakistan and Afghanistan.

The Spokesperson urged the Afghan interim authorities to revisit their decision of banning girls from education as they have full right to participate in all aspects of life.

Talking about the Foreign Minister Bilawal Bhutto Zardari’s visit to United States, Mumtaz Zahra Baloch said it will definitely yield positive outcomes for Pakistan.

She said the visit was an important step towards further strengthening Pakistan’s broad based bilateral ties with the United States.

About the grave human rights violations committed by the Indian occupation forces in Indian Illegally Occupied Jammu and Kashmir, she urged New Delhi to stop massive human rights violations immediately. She said India must be held accountable for these injustices. The only way to lasting peace in South Asia is by granting the people of the Indian Illegally Occupied Jammu and Kashmir their inalienable right to self-determination as enshrined in the relevant UN Security Council resolutions.

The Spokesperson said we are concerned over the rise of extremist nationalism in Indian and its expansionist designs for the region.

Source: Radio Pakistan

PM Shehbaz says flood affected people need our support

Prime Minister Shehbaz Sharif says flood affected people need our support in this difficult time.In a Tweet today, the Prime Minister said he visited flood-hit area of Sindh yesterday where hundreds of thousands of people including the elderly, women &…

Prime Minister Shehbaz Sharif says flood affected people need our support in this difficult time.

In a Tweet today, the Prime Minister said he visited flood-hit area of Sindh yesterday where hundreds of thousands of people including the elderly, women & children are facing the worst hardships in harsh winter. He said they are paying the price of the scourge of climate change they did little to cause.

Source: Radio Pakistan

Defence Minister pays tribute to courage,valour of troops who cleared CTD complex Bannu

Defence Minister Khawaja Muhammad Asif met injured officers and soldiers at Combined Military Hospital Rawalpindi who got injured during CTD complex Bannu Operation.During his visit today, the Minister Minister paid tribute to courage and valour of tro…

Defence Minister Khawaja Muhammad Asif met injured officers and soldiers at Combined Military Hospital Rawalpindi who got injured during CTD complex Bannu Operation.

During his visit today, the Minister Minister paid tribute to courage and valour of troops who cleared CTD complex Bannu.

Source: Radio Pakistan

Pakistan, UAE call for expediting efforts to build more sustainable future for Afghan people

Pakistan and the United Arab Emirates have affirmed the need to guarantee women’s rights, as well as the importance of their full and equal participation in all aspects of life.The development occurred during a telephonic conversation between Foreign M…

Pakistan and the United Arab Emirates have affirmed the need to guarantee women's rights, as well as the importance of their full and equal participation in all aspects of life.

The development occurred during a telephonic conversation between Foreign Minister Bilawal Bhutto Zardari with his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan.

They discussed developments in Afghanistan and the Taliban's decision to ban the education of girls and women in Afghanistan's universities.

Both leaders emphasized that Islam has accorded women a privileged position, and safeguarded their rights.

The two foreign ministers underscored their firm position in support of security, stability and peace in Afghanistan.

They also called for the advancement of international efforts aimed at building a more sustainable future for the Afghan people.

Source: Radio Pakistan