Credit Bureau Asia has announced that its subsidiary Dun & Bradstreet (Singapore) (D&B) is collaborating with data and analytics firm Quantexa to introduce compliance and risk solutions targeted at financial institutions, insurance companies, government entities and multinational corporations in Singapore.

According to a news release by CBA on Sept 20, the solutions introduced by D&B and Quantexa will enable companies to leverage on contextual decision intelligence to increase investigation efficiency, optimize their compliance processes and better address regulatory demands. 

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Audrey Chia, CEO of D&B, highlights the importance of establishing robust, digitally-enabled and data-driven compliance programmes in the face of growing compliance risk and fraud globally. 

“Combining Quantexa’s advanced solutions and D&B’s comprehensive data, we believe we can help companies automate their compliance processes through artificial intelligence, reduce losses arising from compliance risks and keep their compliance efforts sustainable in the long-term,” she says.

Through the partnership, D&B and Quantexa will provide a single contextual view of data across directors, shareholders, and beneficial owners in their global dataset. Quantexa’s software enables Network Linking, applying AI and graph-based analytics to discover hidden risk which improves trusted operational decision making across areas such as Know Your Customer (KYC), anti-money laundering and counter fraud.

“We’re delighted to expand our relationship with CBA and D&B as we widen our footprint in Southeast Asia. Jointly, we are able to offer ground-breaking data and analytics capabilities for organizational risk identification accuracy and efficiency,” says Mark McNerney, director of alliances at Quantexa.

As at 10.08am, shares in CBA are trading down 1 cent or 0.81% lower at $1.23.

Photo: Credit Bureau Asia