Quantifind and Oracle Announce Strategic Collaboration to Transform AML Processes
Quantifind, an emerging player in the financial crimes risk management software market and a Gold-level member of Oracle PartnerNetwork (OPN), have entered into a strategic collaboration with Oracle Financial Services. Quantifind’s software-as-a-service (SaaS) solutions for Investigations, Customer Due Diligence, and Alerts Management will integrate with Oracle Financial Services Financial Crime and Compliance Management platform, giving Oracle’s clients access to next-generation automation and intelligence capabilities directly in their compliance workflows.
Quantifind’s solutions address some of the biggest and most costly challenges in Anti-Money Laundering (AML) compliance today. With a unique combination of data, intelligence, and user-centric interfaces, Quantifind is helping to change the way that analysts and investigators assess risk on individuals, corporations, and alerts in the AML pipeline. At a time when tightening regulations and regulatory enforcement are driving compliance costs up, a Quantifind implementation can improve the bottom line by up to 30 percent efficiency gains.
Like Quantifind, Oracle Financial Services Financial Crime and Compliance platform is at the forefront of a new era in AML software technology. Machine learning and artificial intelligence are powering levels of automation and efficiency not possible just a few years ago. With a direct integration to Quantifind, financial crimes analysts will require just one log-in to access all of the relevant internal and external data necessary to actually conduct an investigation.
“As customers continue to tackle AML compliance issues, Oracle will continue to drive innovation in the AML market. We have identified Quantifind’s technology for external data review and intelligent risk assessments as truly best in class. This integrated capability enhances our Oracle Financial Services Financial Crime and Compliance offering and will aid in our vision of next-generation AML solutions,” says John Edison, Vice President Products Financial Compliance Management, Oracle Financial Services.
“We are excited to announce our collaboration with Oracle today. Oracle’s market-leading software applications for enterprise case management and financial crimes investigations provide a natural home for our AI-driven risk models. This relationship will help us bring our next-generation machine learning platform to the AML community and immediately deliver operational efficiencies through Oracle’s established workflows,” says Quantifind CEO Ari Tuchman.