BNY Mellon invests in data analytics fintech Quantexa

Quantexa announced that BNY Mellon has completed a strategic investment in Quantexa, to close its series D led by Warburg Pincus. Financial details were not disclosed in the release.

The investment follows a successful 12-month engagement with BNY Mellon using the fintech’s platform and includes an expanded relationship focused on data fabric innovation at the bank. The companies are using Quantexa’s strengths in master data management, entity resolution, graph network intelligence and artificial intelligence to deliver innovative solutions for clients.

Joseph Sieczkowski, CIO of Engineering and Architecture at BNY Mellon, said in a statement: “We’re excited to collaborate on a number of new data and analytics technology innovations, which will directly benefit our customers and support Quantexa’s technology as we set new standards across banking, data management, and risk and compliance together.

Organizations are seeking to make their data more meaningful to drive trusted operational decision making, with never-before possible levels of efficiency and accuracy. It is this opportunity Quantexa is seizing through its North American expansion and innovative projects.

Source

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