Press Releases – Page 187

December 26, 2022

Huawei Unveils Top 10 Trends of Smart PV for a Greener Future

SHENZHEN, China, Dec. 26, 2022 /PRNewswire/ — Huawei held the Top 10 Trends of Smart PV (photovoltaic) conference, with the theme of ”Accelerating Solar as a Major Energy Source”. At the conference, Chen Guoguang, President of Huawei Smart PV+ESS Business, shared Huawei’s insights on the 10 trends of Smart PV from the perspectives of multi-scenario collaboration, digital transformation, and enhanced safety.

As the proportion of renewable energy keeps increasing, the PV industry acquired a booming growth, yet, the industry still faces many challenges, including how to continue reducing the levelized cost of energy (LCOE), how to improve the O&M efficiency, how to maintain power grid stability as more renewable energy are feeding in, and how to ensure end-to-end system safety.

(PRNewsfoto/Huawei)

“Amid the rapid growth of the PV industry, these challenges also bring opportunities.” said Chen Guoguang. As a forward-looking enterprise, Huawei is keen to sharing our insights and thinking with our partners, as well as organizations and individuals who are interested in green and sustainable development.

Trend 1: PV+ESS Generator

As more renewable energy is feeding into power grids, various complex technical problems arise in terms of system stability, power balance, and power quality.

(PRNewsfoto/Huawei)

Therefore, a new control mode is needed to increase active/reactive power control and response capability, and actively mitigate frequency and voltage fluctuations. With the integration of PV and ESS as well as the Grid Forming technology, we can build ‘Smart PV+ESS Generators’ that use voltage source control instead of current source control, provides strong inertia support, transient voltage stabilization, and fault ride-through capabilities. This will transform PV from grid following to grid forming, helping increase PV feed-in.

A milestone in practice of these technologies was the Red Sea project in Saudi Arabia, which Huawei provided a complete set of solution including smart PV controller, lithium battery energy storage system (BESS) as one of the major partners. This project uses 400 MW PV and 1.3 GWh ESS to support the power grid which replaces traditional diesel generators and provides clean and stable power for 1 million people, building the world’s first city powered by 100% renewable energy.

Trend 2: High Density and Reliability

High power and reliability of equipment in PV plants will be the trend. Take PV inverters as an example, nowadays, the DC voltage of inverters is increased from 1100 V to 1500 V. With the application of new materials such as silicon carbide (SiC) and gallium nitride (GaN), as well as the full integration of digital, power electronics, and thermal management technologies, it is estimated that the power density of inverters will increase by about 50% in the next five years, and the high reliability can be maintained.

The 2.2 GW PV plant in Qinghai, China is 3100 m above sea level and has 9216 Huawei Smart PV Controllers (inverters) running stably in this harsh environment. The total availability hours of Huawei inverters exceed 20 million hours, and the availability reaches 99.999%.

Trend 3: Module-Level Power Electronics (MLPE)

Driven by industry policies and technology advancement, distributed PV has witnessed vigorous development in recent years. We are facing challenges such as how to improve the utilization of rooftop resources, ensure high energy yield, and how to ensure the PV+ESS system safety. Therefore, more refined management is a must.

(PRNewsfoto/Huawei)

In a PV system, module-level power electronics (MLPE) refer to power electronic equipment that can perform refined control on one or more PV modules, including micro inverters, power optimizers, and disconnectors. MLPE brings unique values such as module-level power generation, monitoring, and safe shutdown. As PV systems are becoming safer and more intelligent, the penetration rate of MLPE in the distributed PV market is expected to reach 20% to 30% by 2027.

Trend 4: String Energy Storage

Compared with traditional centralized ESS solutions, the Smart String ESS solution adopts a distributed architecture and modular design. It uses innovative technologies and digital intelligent management to optimize energy at the battery pack level and control energy at the rack level. This results in more discharge energy, optimal investment, simple O&M, as well as safety and reliability throughout the lifecycle of the ESS.

(PRNewsfoto/Huawei)

In 2022, in the 200 MW/200 MWh ESS project in Singapore for the purpose of frequency regulation and spinning reserve, the largest BESS project in Southeast Asia, the Smart String ESS implements refined charge and discharge management to achieve constant power output for a longer time and ensure frequency regulation benefits. In addition, the automatic SOC calibration function at the battery pack level reduces labor costs and greatly improves O&M efficiency.

Trend 5: Cell-Level Refined Management

Similar to PV systems shifting towards MLPE, lithium BESSs are set to develop towards smaller management level. Only refined management at battery cell level can better cope with the efficiency and safety problems. Currently, the traditional battery management system (BMS) can only summarize and analyze limited data, and it is almost impossible to detect faults and generate warnings in the early stage. Therefore, BMS needs to be more sensitive, intelligent, and even predictive. This depends on the collection, computing, and processing of a large amount of data, and AI technologies to find the optimal operating mode and make forecasts.

(PRNewsfoto/Huawei)

Trend 6: PV+ESS+Grid Integration

On the power generation side, we see more and more practices of building clean energy bases of PV+ESS that supply electricity to load centers through UHV power transmission lines. On the power consumption side, virtual power plants (VPPs) become increasingly popular in many countries. VPPs combine massive distributed PV systems, ESSs, and controllable loads, and implement flexible scheduling to power generation units and storage units to achieve peak shaving etc.

Therefore, building a stable energy system that integrates the PV+ESS+Grid to support PV power supply and feed-in to grid will become a key measure to ensure energy security. We can integrate digital, power electronics, and energy storage technologies to achieve multi-energy complementation. Virtual Power Plants (VPPs) can intelligently manage, operate, and trade power of massive distributed PV+ESS systems thru multiple technologies including 5G, AI, and cloud technologies, which will come into practice in more countries.

Trend 7: Upgraded Safety

Safety is the cornerstone of the PV & ESS industry development. This requires us to systematically consider all scenarios and links and fully integrate power electronics, electrochemical, thermal management, and digital technologies to upgrade system safety. In a PV plant, faults caused by the DC side account for more than 70% of all faults. Therefore, the inverter needs to support smart string disconnection and automatic connector detection. In distributed PV scenario, the AFCI (Arc Fault Circuit Breaker) function will become a standard configuration, and the module-level rapid shutdown function will ensure the safety of maintenance personnel and firefighters. In ESS scenario, multiple technologies, such as power electronics, cloud, and AI, need to be used to implement refined management of ESS from battery cells to whole system. The traditional protection mode based on passive response and physical isolation is changed to active automatic protection, implementing multi-dimensional safety design from hardware to software and from structure to algorithm.

(PRNewsfoto/Huawei)

Trend 8: Security and Trustworthiness

In addition to bringing benefits, PV systems also have various risks, including equipment safety and information security. Equipment safety risks mainly refer to the shutdown caused by faults. Information security risks refer to external network attacks. To cope with these challenges and threats, enterprises and organizations need to establish a complete set of “security and trustworthiness” management mechanisms, including the reliability, availability, security, and resilience of systems and devices. We also need to implement protection for personal and environmental safety as well as data privacy.

Trend 9: Digitalization

Conventional PV plants have a large amount of equipment and lack information collection and reporting channels. Most of the equipment cannot ‘communicate’ with each other which is very difficult to implement refined management.

(PRNewsfoto/Huawei)

With the introduction of advanced digital technologies such as 5G, the Internet of Things (IoT), cloud computing, sensing technologies, and big data, PV plants can send and receive information, using “bits” (information flows) to manage “watts” (energy flows). The entire link of generation-transmission-storage-distribution-consumption is visible, manageable, and controllable.

Trend 10: AI Application

As the energy industry moves towards an era of data, how to better collect, utilize, and maximize the value of data has become one of the top concerns of the entire industry.

(PRNewsfoto/Huawei)

AI technologies can be widely applied to renewable energy fields, and play an indispensable role in the entire lifecycle of PV+ESS, including manufacturing, construction, O&M, optimization, and operation. The convergence of AI and technologies such as cloud computing and big data is deepening, and the tool chain focusing on data processing, model training, deployment and operation, and safety monitoring will be enriched. In the renewable energy field, AI, like power electronics and digital technologies, will drive profound industry transformation.

At the end, Chen Guoguang remarked that the converged applications of 5G, cloud, and AI are shaping a world where all things can sense, all things are connected, and all things are intelligent. It is coming faster than we think. Huawei identifies the top 10 trends of the PV industry and describes a green and intelligent world in the near future. We hope that people from all walks of life can join hands to achieve the goals of carbon neutrality and build a greener, better future.

(PRNewsfoto/Huawei)

December 26, 2022

China maximumly reduces COVID-19’s impacts on economic, social development

BEIJING, Dec. 26, 2022 /PRNewswire/ — A report from People’s Daily: As China optimizes its pandemic response measures, regions across the country have resumed work, industrial production and commercial activities.

A tunnel of the Shenyang-Baishan high-speed railway in Baishan city, northeast China’s Jilin province has resumed construction; in the Haikou International Duty Free City in south China’s Hainan province, consumers are lining up in front of cashiers; an enterprise in Changde, central China’s Hunan province recently received a 20-million-yuan ($2.87 million) export order…

In 2020, China became the first major economy to attain positive economic growth; in 2021, the country’s GDP topped 114 trillion yuan, with its two-year average growth standing at 5.1 percent; this year, the Chinese economy withstood pressure and kept consolidating the trend of recovery.

Practices proved that China has explored a path that well coordinates pandemic control and economic and social development. The country has to the maximum extent protected people’s lives and health, and reduced the impacts from COVID-19 on economic and social development to the fullest.

Coping with COVID-19 is a major test of the century, in which the most important thing is to ensure the safety of the people while advancing economy and livelihood. In the recent three years, China has constantly adjusted and optimized its prevention and control measures in accordance with the new features of the variants and the development of the pandemic.

Over the recent three years, China has offered over a trillion yuan in tax relief for individual businesses and seen its annual grain output standing at more than 650 billion kilograms. It has launched a series of signature projects to promote high-quality development and released domestic demand through halving vehicle purchase tax and issuing consumption coupons.

China has coped with difficulties with science-based policies. It front-loaded and strengthened macro policies and accelerated the targeted implementation of micro policies, which boosted the confidence and relieved the burden of market entities. The country’s efforts stabilized the general economic and social development and realized economic recovery.

Now China has come to a new stage of pandemic response and optimized its control measures in accordance with the dynamics of COVID-19. It is earnestly implementing the new control measures, ensuring medical supply and services for the people, focusing on the control work for seniors and people with underlying diseases, ensuring people’s health and preventing patients from developing critical symptoms.

At present, the momentum for China’s rapid economic rebound is being accumulated and released. The Chinese economy enjoys strong resilience, huge potential and strong vitality. The fundamentals sustaining China’s long-term economic growth remain unchanged, and so do the factors supporting the country’s high-quality development.

It is believed that as China further implements its new COVID-19 response measures and the country’s policies to stabilize its economy continue taking effect, China’s economic and social vitality will be released to the maximum extent, contributing to the country’s economic recovery.

December 23, 2022

The Caribbean is leading the way in immigration investment due diligence: CS Global Partners

London, Dec. 23, 2022 (GLOBE NEWSWIRE) — The global market for immigration investment is expected to grow exponentially, with big growth spurts already witnessed during the international travel restrictions imposed by countries across the world as a result of the Covid-19 pandemic. As immigration and border control become increasingly important to countries and nations across the world, the role of immigration and investment due diligence grows.

As the longest-standing and most credible citizenship by investment programmes are found in the Caribbean, we take a look at what these nations can teach us about this growing industry.

What is immigration and investment due diligence?

In a nutshell, due diligence usually refers to the research that is done on a person or entity before engaging in a financial transaction. When it comes to immigration and investing, it means that certain background and other checks are performed on the applicants that are hoping to immigrate or invest in in a particular country or region.

Each territory that an applicant seeks to invest in will have its own requirements. This also applies to citizenship by investment (CBI) programmes, the first of which was launched globally in 1984 by the twin-island nation of St Kitts and Nevis in the Caribbean.

Why is investment immigration due diligence important?

Different countries award citizenship in different ways. Some countries award citizenship by virtue of birth in that country, descent from a parent who is a citizen, or by naturalisation, for example through marriage to a citizen or through an extended period of residence in that country. Citizenship by investment programmes allow successful applicants to obtain citizenship by virtue of a significant investment in a country.

Many families and entrepreneurs turn to citizenship by investment programmes as an alternative form of asset diversification. Global uncertainty is driving the desire among wealthy individuals to incorporate second citizenship as part of their portfolios. However, countries offering CBI programmes still require that applicants be strictly vetted before being granted citizenship. This is to maintain certain standards of the CBI programme and to ensure that applicants comply with certain national and international standards to support safety and security, as criminal background checks are also included in the vetting process.

For more on the requirements for Caribbean CBI programmes, see here.

How is the Caribbean leading the way?

As the acceptance of funds from CBI programmes provide a high level of risk for most banks operating in the Caribbean, as there is usually only one US bank providing corresponding banking services in each of the CBI countries, banks in the Caribbean tend to exercise extreme caution when vetting new customers. Local Caribbean banks therefore exercise their own vetting processes on each CBI applicant before allowing funds from the applicant to enter the local banking sector. As this forms such an important part of the success of each application, this vetting process is usually done before the applicant’s application is submitted to the recipient government’s CBI unit for processing. This dual process of vetting by the bank as well as vetting by the government agency in charge of CBI adds a necessary and additional level of security to CBI programmes in the Caribbean.

For example, the Dominica CBI due diligence process covers four steps: know-your-customer checks performed by local authorized agents; internal checks including anti-money laundering and counter-terrorism financing vetting by the Citizenship by Investment Unit; mandated international due diligence firms perform online and on-the-ground checks; and regional and international crime prevention bodies check that you are not on any wanted or sanctions lists.

Caribbean governments have also been hard at work to continue making improvements to their CBI programmes and to ensure the quality of their programmes and of the applicants accepted through its programmes. St Kitts and Nevis has recently welcomed a new government administration into power and which has already announced changes to strengthen their CBI programme. In a recent move, a new head of its CBI unit has been appointed.

Caribbean countries have very open and strong relationships with international parties and are always on the lookout at what international law enforcement is saying. For example, security concerns coming out of international law enforcement always trump due diligence service providers. If a due diligence agent gives an applicant a clear review but that same applicant gets a red flag from international law enforcement groups, the country will deny granting citizenship by investment to that applicant.

Another reason why applicants can be refused second citizenship is if an applicant has been refused a visa from a country that the Caribbean countries have visa-free access to.

“When looking at countries which are top-rated, such as those in the Caribbean, we see that they are doing more in upscaling their programmes so that they are not just meeting minimum standards. Their CBI Units are always trying to achieve best practices by asking their due diligence agents on a regular basis how they can improve their risk-based approach, and how they can evaluate applicants better and they are actively involved in the due diligence process from beginning to end,” said Karen Kelly, director of strategy and development at Exiger at a due diligence webinar hosted by Financial Times’ publication, Professional Wealth Management (PWM) this year. “We find that countries who are already engaging top due diligence intelligence companies have consistent standards across their CBI programmes.”

For more information on Caribbean CBI programmes, their offerings and benefits, visit www.csglobalpartners.com.

PR CS Global Partners
CS Global Partners
+44 (0) 207 318 4343
mildred.thabane@csglobalpartners.com

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December 23, 2022

Synchronoss tem mais de 30 milhões de assinantes de mensagens com base em RCS no Japão

Que utilizam a Plataforma de Mensagens Avançadas Synchronoss, NTT DOCOMO, KDDI e Serviço de Mensagens Avançadas Entre Operadoras SoftBank que viabilizam que os usuários e marcas se comuniquem, interajam e negociem

BRIDGEWATER, N.J., Dec. 22, 2022 (GLOBE NEWSWIRE) — A Synchronoss Technologies, Inc. (“Synchronoss” ou a “Empresa”) (NASDAQ: SNCR), líder global e inovadora em nuvem, mensagens e produtos e plataformas digitais, anunciou hoje o lançamento de um novo marco no Japão para sua plataforma Synchronoss Advanced Messaging. Em colaboração com as operadoras móveis NTT DOCOMO, KDDI e SoftBank, o consórcio japonês agora tem mais de 32,5 milhões de assinantes do +Messaging, o serviço RCS entre operadoras alimentado pelo Synchronoss Advanced Messaging.

O marco atual representa um aumento de 62% de assinantes desde que a Synchronoss passou a observar o progresso da implantação do Consórcio Japonês do seu Rich Communications Service (RCS) em novembro de 2020.

Oferecendo um sistema de mensagens de texto com amplos recursos, o +Messaging permite que os usuários japoneses se comuniquem com amigos e familiares, além de fornecer a capacidade de interagir e se envolver com marcas e empresas com segurança.

O serviço +Messaging do consórcio tem por base o Synchronoss Advanced Messaging, uma completa plataforma e suíte de comércio móvel que permite que as operadoras ofereçam um ecossistema de mensagens avançado. O Synchronoss Advanced Messaging conecta marcas e provedores de conteúdo com assinantes, oferecendo novas maneiras de se comunicar e realizar transações comerciais.

“A sua adoção por mais de 30 milhões de assinantes do +Messaging no Japão confirma ainda mais o valor do RCS e como as operadoras móveis podem utilizá-lo para oferecer novos serviços geradores de receita”, disse Yosuke Morioka, Gerente Geral da Synchronoss no Japão. “Estamos prontos para trabalhar com a NTT DOCOMO, a KDDI e a SoftBank para explorar oportunidades de mercado adicionais para esta plataforma de tecnologia plena de recursos.”

Devemos destacar que o +Messaging está atualmente disponível para todas as marcas de telefones celulares das três operadoras e MVNO. Além disso, o serviço agora dá suporte à identificação pessoal pública (JPKI) com cartões My Number, permitindo que os usuários abram uma conta bancária ou usem um cartão de crédito com verificação fácil e segura da identidade via +Messaging, proporcionando experiências mais envolventes dentro do ecossistema móvel.

Sobre a Synchronoss

A Synchronoss Technologies(NASDAQ: SNCR) cria software que capacita empresas ao redor do mundo a se conectarem com seus assinantes de forma confiável e significativa. O conjunto de produtos da empresa ajuda a agilizar as redes, simplificar a integração e envolver os assinantes, permitindo novos fluxos de receita, redução dos custos e aumento da velocidade no mercado. Centenas de milhões de assinantes confiam nos produtos da Synchronoss que se mantêm em sincronia com as pessoas, serviços e conteúdo que elas gostam. Saiba mais em www.synchronoss.com.

Contato de Relações com a Mídia:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Contato de Relações com Investidores:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

December 23, 2022

Synchronoss annonce plus de 30 millions d’abonnés à des services de messagerie basés sur RCS au Japon

En s’appuyant sur la plateforme Synchronoss Advanced Messaging, NTT DOCOMO, KDDI et SoftBank fournissent un service de messagerie avancée inter-opérateurs permettant aux utilisateurs et aux marques de communiquer, d’interagir et de réaliser des transactions

BRIDGEWATER, New Jersey, 22 déc. 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (« Synchronoss » ou la « Société ») (NASDAQ : SNCR), un leader mondial et innovateur en matière de produits et plateformes numériques, de messagerie et de cloud, a annoncé aujourd’hui un nouveau jalon au Japon pour sa plateforme Synchronoss Advanced Messaging. En collaboration avec les opérateurs mobiles NTT DOCOMO, KDDI et SoftBank, le consortium japonais prend désormais en charge 32,5 millions d’abonnés à +Message, le service RCS inter-opérateurs s’appuyant sur Synchronoss Advanced Messaging.

Le jalon actuel représente une augmentation de 62 % du nombre d’abonnés depuis que Synchronoss a remarqué la progression du déploiement par le consortium japonais de sa technologie Rich Communications Service (RCS) en novembre 2020.

Offrant un système de messagerie texte riche en fonctionnalités, +Messaging permet aux utilisateurs japonais de communiquer avec leurs amis et leur famille, en plus de la possibilité d’interagir et de s’engager avec des marques et des entreprises en toute sécurité.

Le service +Messaging du consortium s’appuie sur Synchronoss Advanced Messaging, une plateforme et suite de commerce mobile de bout en bout qui permet aux opérateurs de proposer un écosystème de messagerie avancée. Synchronoss Advanced Messaging connecte les marques et les fournisseurs de contenu avec les abonnés, offrant de nouvelles façons de communiquer et de réaliser des transactions commerciales.

« L’adoption de plus de 30 millions d’abonnés à +Messaging au Japon valide davantage la valeur de la technologie RCS et la manière dont les opérateurs mobiles peuvent l’utiliser pour proposer de nouveaux services générateurs de revenus », a déclaré Yosuke Morioka, directeur général de Synchronoss au Japon. « Nous sommes impatients de travailler avec NTT DOCOMO, KDDI et SoftBank afin d’explorer des opportunités commerciales supplémentaires pour cette plateforme technologique riche en fonctionnalités. »

Point important, +Message est actuellement disponible pour toutes les marques de téléphones portables des trois opérateurs et du MVNO. De plus, le service prend désormais en charge l’authentification personnelle publique (JPKI) avec des cartes My Number, permettant aux utilisateurs d’ouvrir un compte bancaire ou d’utiliser une carte de crédit avec une vérification de l’identité facile et sécurisée via +Message, offrant des expériences plus engageantes au sein de l’écosystème mobile.

À propos de Synchronoss

Synchronoss Technologies (NASDAQ : SNCR) est un développeur de logiciels permettant aux entreprises du monde entier de se connecter à leurs abonnés de manière fiable et pertinente. Sa gamme de produits contribue à rationaliser les réseaux, simplifier l’intégration et interagir avec les abonnés afin de créer de nouvelles sources de revenus, de réduire les coûts et d’accélérer la mise sur le marché. Plusieurs centaines de millions d’abonnés font confiance à Synchronoss pour rester en phase avec les individus, les services et les contenus qu’ils aiment. Pour en savoir plus, rendez-vous sur www.synchronoss.com.

Contact pour les relations avec les médias :
Domenick Cilea
Springboard
dcilea@springboardpr.com

Contact pour les relations avec les investisseurs :
Matt Glover/Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

December 22, 2022

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 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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