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Decision Intelligence Leader Quantexa Awarded Google Cloud’s Industry Solution Technology Partner of the Year for Line of Business Processes

LONDON and NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) — Today, Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has won the 2023 Google Cloud's Industry Solution Technology Partner of the Year award for Line of Business Processes. The award comes after its Decision Intelligence Platform and solutions were made available on Google Cloud Marketplace in April 2023.

Quantexa is recognized for the strength of its line of business solutions. Their Line of Business Processes removes traditional manual data capture by connecting internal and external data and creating an accurate single view of customers. Quantexa's advanced Line of Businesses processes capabilities were awarded in acknowledgement of the technologies ability to monitor KYC profiles and automate the detection and prioritization of real risk and opportunities.

Key capabilities included in Quantexa's AI–enabled KYC solution are onboarding, remediation, enhanced due diligence (EDD), and perpetual KYC (pKYC). By deploying the solution, Google Cloud customers can focus their risk management efforts and facilitate trust with customers, leading to increased revenue generation. Plus, by gaining a true understanding of those they are doing business with joint customers will see benefits across the banking value chain, including improved financial crime, AML, and fraud detection.

Making the Quantexa Decision Intelligence Platform available via Google Cloud has given organizations in banking, insurance, telecommunications, and government agencies the ability to connect their data across siloed systems, making it simple for global enterprise customers to trust their data and augment and automate decision–making to protect, optimize, and grow their business.

Dan Higgins, Chief Product Officer at Quantexa: "Together with Google Cloud, we've been able to bring cutting–edge compliance and risk technology solutions to the Cloud and give our joint customers flexible deployment options. This partnership is enabling IT and infrastructure teams to be more agile and support line–of–business leaders working in an ever–evolving risk landscape. The recognition by Google Cloud further highlights our achievements in enabling organizations to leverage Decision Intelligence to master customer and risk management."

"Google Cloud's partner awards recognize the significant impact and customer success that our partners have driven over the past year," said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud. "We're delighted to recognize Quantexa as a 2023 Google Cloud Partner Award winner and look forward to a continued strong partnership in support of our mutual customers."

To learn more about how your organization can benefit from Quantexa's KYC solution and other Decision Intelligence Platform capabilities, please visit: www.quantexa.com

Notes To Editors:

The award win comes ahead of Quantexa's Global Insurance Roadshow with Accenture, Google Cloud and Quantexa in APAC, EMEA & North America. The events will educate insurers on how to leverage AI to create hyper–personalized customer experiences and will be hosted in the following cities and dates:

About Quantexa
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organisations 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 650 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, Toronto, Malaga, Brussels, Amsterdam, Dublin, Luxemburg, Singapore, Melbourne, Sydney, and Dubai. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries

C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: quantexa@fightorflight.com

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


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The Commonwealth of Dominica Enhances Security and Management of the Citizenship by Investment Programme

Roseau, Aug. 29, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica has taken significant steps to bolster the security and management protocols for its Citizenship by Investment Programme, aimed at fortifying the integrity and longevity of the programme.

Dr. Roosevelt Skerrit, the Prime Minister of Dominica, has been collaborating closely with various stakeholders, including international consultants, to conduct a comprehensive audit of the investment migration programme. Building on an initial audit undertaken last year by a UK consulting firm, the government has been actively implementing new and improved processes through the Citizenship by Investment Unit.

During his recent Budget Speech, the Prime Minister unveiled plans to enlist a globally vetted management consulting firm to oversee the overall operations and management of the Citizenship by Investment Programme. While Dominica already boasts a proactive due diligence process, the government is committed to its further reinforcement, vowing "to leave no stone unturned to strengthen it."

"We take this matter very seriously and will increase our efforts in showcasing our robust due diligence and risk mitigation efforts on all fronts." the Prime Minister affirmed.

Over the past 18 months, the Government of Dominica has undertaken several measures to elevate the security of its investment migration programme.

A United States–based firm has already conducted anti–money laundering and counter–terrorism financing training for all Citizenship by Investment Unit staff as the Unit undergoes restructuring. The CBIU was restructured under the supervision of an expert compliance officer to ensure that all procedures were updated, quality control measures strictly followed, and all IT systems upgraded.

The government made a bold move at the start of the year, giving notice of its intent to revoke the citizenship of those who made false declarations or misrepresentations in their applications, particularly relating to previous visa rejections from countries with which Dominica has visa–free treaties.

Dominica has also introduced biometric travel documents and updated its naturalisation certificate, enhancing its security features.

Citizens of the Kurdistan region in Iraq, Russia and Belarus do not qualify for citizenship in Dominica as international security authorities have flagged the regions as high risk. Moreover, the government introduced legislation providing an enhanced due diligence fee for applicants from specific countries. This enhanced due diligence fee offers the government additional resources to thoroughly scrutinise applicants from these countries.

The country also issued regulations to restrict citizens from changing their names.

Dominica has distinguished itself as the first Caribbean country to implement mandatory interviews as part of the citizenship by investment application process "" a requirement agreed upon with the United States at a roundtable earlier this year.

"We also devised a new rigorous risk assessment and hired firms from the United States and the United Kingdom to begin interviews with all CBI applicants," Prime Minister Skerrit said in the Parliament.

In addition to international firms in the US and UK conducting due diligence checks, Dominica's Financial Intelligence Unit will also assist with the due diligence process. This includes reporting rejected applicants to the JRCC monthly and permitting the JRCC to share that information with the other CBI jurisdictions in the OECS.

Dominica is leading discussions in the region to collaborate on safeguarding the citizenship by investment industry; and has taken measures to emphasise its dedication to cooperating with global stakeholders and enhance the due diligence process to reduce threats from illicit actors.

In addition to these recent changes, new risk mitigation actions include:

  • Thorough assessment and reduction of the number of agents and promoters of the country's Citizenship by Investment Programme, who will be strictly monitored, along with developers, to ensure compliance with current regulations governing the advertisement of Dominica's Citizenship by Investment Programme.
  • Strict enforcement of regulated citizenship fees to prevent any undercutting.
  • Strengthening of policies and legislation to maintain competitiveness and alignment with international best practices.

Dominica's rigorous due diligence and vetting processes make it extremely difficult for any illicit individual to qualify for citizenship. Background checks occur on the ground where the applicant lives and works, via online databases and now in person.

The Prime Minister has reiterated that Dominica will maintain robust due diligence processes to ensure the country meets international standards and alleviates any security concerns.

"We have fresh impetus to go back and relook where we can do even better in giving our international counterparts confidence in our security measures "" which are already some of the most robust in the world compared to other jurisdictions," he said.


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