Sells banks, insurers and governments a Decision Intelligence platform that resolves entities and builds networks across internal and external data for AML, KYC and fraud work, adding a packaged Azure SaaS AML product for US mid-size and community banks (2025) and agentic AI features (2025-2026).
What is Quantexa, and which banks use it?
Quantexa is a private London company, founded in 2016, that sells a Decision Intelligence platform for AML, KYC and fraud work built on entity resolution and network analytics. A March 2025 Series F valued it at $2.6 billion; in August 2026 its CEO told Reuters a UK or US listing was under consideration. Among our 100 largest US banks, BNY is a named customer and investor. Quantexa does not publish pricing; UK government contract records show public-sector deal sizes.
Category
Founded
2016
Headquarters
London, United Kingdom
Ownership
Private; valued at $2.6 billion after a $175 million Series F in March 2025 led by Teachers' Venture Growth (Ontario Teachers' Pension Plan), with board representation from Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC and HSBC. In August 2026 its CEO told Reuters it was considering a UK or US listing but had not decided when, and could remain private.[13][20]
Deployment
Enterprise platform licence; SaaS editions run on Microsoft Azure (Cloud AML) and as a Microsoft Fabric workload (Quantexa Unify)
Pricing
Sales-led enterprise licensing (Quantexa reports 'license revenue'); Cloud AML is sold as SaaS, including through Azure Marketplace · not published
Banks among the 100
1
- Quantexa raised $175 million in a Series F announced March 5, 2025, led by Teachers' Venture Growth, at a $2.6 billion valuation; it said it had added 23 new customers in 2024 with nearly 40% license revenue growth (vendor-reported).
- In October 2024 Quantexa said it had passed $100 million in annual recurring revenue (vendor-reported).
- On September 16, 2025 Quantexa made Cloud AML generally available: a SaaS product on Microsoft Azure built for US mid-size and community banks, with 314(a)/314(b) information sharing and AI-assisted SAR and CTR reporting.
- BNY Mellon invested in Quantexa in 2021 after a 12-month engagement using its platform, and BNY's chief data officer described a 'multi-year collaboration' to unify the bank's data in 2024; BNY still sits on Quantexa's board as of the 2025 Series F.
- Quantexa's 2021 Series D release said it served '6 of the top 14 financial institutions in North America' without naming them; its named banking case studies (HSBC, Standard Chartered, ABN AMRO) are outside our list of US banks.
- On May 14, 2026 Quantexa announced a £175 million, 10-year partnership with HM Revenue and Customs to modernise the UK tax authority's data foundation.
- Pricing is not published; Quantexa sells through sales-led enterprise licences, and the only public figures are UK government contract values.
What does Quantexa sell to banks?
| Product | What it does | Status |
|---|---|---|
| Decision Intelligence Platform (Quantexa AI)[13][15] | The core platform for entity resolution, graph network analytics, scoring and investigation across AML, KYC, fraud and customer data; relaunched in November 2025 as agent-ready Quantexa AI. | Generally available |
| Quantexa Cloud AML[14] | A packaged SaaS AML product on Microsoft Azure for US mid-size and community banks: entity resolution, contextual monitoring, customer risk rating, 314(a)/(b) sharing and AI-assisted SAR/CTR reporting, sold also through Azure Marketplace. | Generally available |
| Q Assist[10][15] | A generative AI copilot and workspace that lets investigators query and summarize platform data in natural language; limited release to early adopters in June 2024, available globally as part of the platform from November 2025. | Generally available |
| Agent Gateway[15] | An orchestration layer, powered by Quantexa's MCP server and supporting the MCP and A2A standards, that lets AI agents and third-party LLMs work with platform data under governance and lineage controls. | Generally available |
| Quantexa Unify for Microsoft Fabric[16] | An entity-resolution workload that cleanses, matches and consolidates records inside Microsoft Fabric and OneLake; generally available from November 18, 2025. | Generally available |
| Quantexa News Intelligence[11] | An AI-enabled SaaS product that ingests and tags articles from more than 90,000 news publishers, auto-translated into English, for risk monitoring; first sold to the US federal government in 2024. | Generally available |
| Domain-specific agents (financial crime and compliance)[15] | Quantexa said in November 2025 that in 2026 it would introduce domain-specific agents spanning financial crime, compliance, customer intelligence and public-sector work. | Announced |
How much does Quantexa cost?
How it is charged: Sales-led enterprise licensing (Quantexa reports 'license revenue'); Cloud AML is sold as SaaS, including through Azure Marketplace.
Quantexa does not publish a price list.
- UK Cabinet Office (via Crown Commercial Service), G-Cloud 12 call-off 'Fraud Network Analytics and Entity Resolution (Covid-19 Loan Schemes)': £540,000 for March 31, 2022 to March 31, 2023 (UK government procurement record). (Mar 31, 2022)[22]
- UK Cabinet Office (via Crown Commercial Service), 'Provision of a Single Network Analytics Platform for cross-government/and UK banking sector use': £3,462,000 for January 18, 2023 to January 2, 2026 (UK government procurement record). (Jan 17, 2023)[23]
- HM Revenue and Customs: a £175 million, 10-year partnership, as announced by Quantexa and reported by FinTech Futures. (May 14, 2026)[17][18]
Pricing is not published; Quantexa lists no plans or prices and routes buyers to sales. Public figures exist only for UK government contracts, which are not bank prices.
Which banks use Quantexa?
| Bank | What | Status |
|---|---|---|
| BNY (Bank of New York Mellon) | Data unification, entity resolution, master data management and graph analytics ('data fabric') across the bank since a 12-month engagement before its 2021 investment; an early adopter of the Q Assist generative AI copilot in 2024. Not described as an AML deployment.[7][10][12][18] | In production |
Among the 100 largest US banks on this site, from sources that name the bank: the bank, Quantexa or the press. Status is the furthest stage a source confirms.
What is Decision Intelligence Platform?
Quantexa's flagship platform unifies siloed data through entity resolution and graph network analytics, then scores and presents it for investigation; in November 2025 Quantexa relaunched it as Quantexa AI, adding the Agent Gateway (an MCP-based layer for AI agents) and Q Assist Workspace.[13][15]
What has Quantexa done, and when?
- Sep 24, 2026
Chartis names it a category leader in AML transaction monitoring[21]
Quantexa said Chartis placed it among category leaders in its 2026 AML transaction monitoring quadrant update and 18th in the RiskTech100 2027.
- Aug 18, 2026
CEO says UK or US listing under consideration[20]
Vishal Marria told Reuters Quantexa could list in the UK, the US or both, had been 'IPO-ready' since January, and could also remain private.
- May 14, 2026
- Nov 4, 2025
Launches agent-ready Quantexa AI[15]
The platform was relaunched with Agent Gateway (MCP and A2A support) and Q Assist Workspace, with domain-specific agents promised for 2026.
- Sep 16, 2025
Cloud AML for US mid-size and community banks[14]
Quantexa made Cloud AML, a SaaS AML product on Microsoft Azure, generally available across the US at ACAMS Las Vegas.
- Mar 5, 2025
$175 million Series F at $2.6 billion[13]
Teachers' Venture Growth led the round; Quantexa said it would expand in North America and launch a cloud-native AML product for US mid-market banks on Azure.
- Oct 29, 2024
Passes $100 million ARR[12]
Quantexa said it had passed $100 million in annual recurring revenue, with Q Assist in use by early adopters including HSBC and BNY Mellon.
- Jun 10, 2024
Debuts Q Assist generative AI suite[10]
Q Assist launched to a limited set of customers, with HSBC in the early-adopter program and BNY Mellon evaluating joining.
- Apr 4, 2023
$129 million Series E at $1.8 billion[9]
GIC led the round; Quantexa named BNY Mellon, HSBC, Standard Chartered and Danske Bank among its customers.
- Feb 28, 2023
Acquires Aylien[8]
Quantexa bought Dublin-based NLP firm Aylien, its first acquisition, to add unstructured news and text data to the platform.
- Sep 30, 2021
BNY Mellon invests after a year using the platform[7]
BNY Mellon closed the Series D with a strategic investment following a 12-month engagement using Quantexa's platform; its CIO of engineering joined Quantexa's board and its chief data officer the advisory board.
- Jul 13, 2021
$153 million Series D led by Warburg Pincus[6]
Quantexa said it was deployed in more than 70 countries and served '6 of the top 14 financial institutions in North America', with flagship customers HSBC and Standard Chartered.
- Jul 23, 2020
$64.7 million Series C[5]
Evolution Equity Partners led the round with Dawn Capital, AlbionVC and HSBC; British Patient Capital and ABN AMRO Ventures joined, and Quantexa put total funds raised to date at $90 million.
- Jan 1, 2016
What do banks use Quantexa for?
| Use | What it does | Status | Use case |
|---|---|---|---|
| AML transaction monitoring and investigation[14][2] | Contextual monitoring, customer risk rating, network views of counterparties, and SAR/CTR reporting support, packaged for US mid-size banks as Cloud AML. | In production | AML / KYC |
| Corporate KYC and customer due diligence[2] | Entity resolution of customers, beneficial owners and counterparties into single views for KYC reviews, as described in Quantexa's ABN AMRO and Standard Chartered case studies. | In production | AML / KYC |
| Fraud network detection[19] | Graph and entity-resolution analytics to link accounts and people into fraud networks; Chartis named Quantexa a category leader in enterprise fraud in 2026. | In production | Fraud detection |
| Q Assist copilot and AI agents[15][10] | Natural-language querying and summarization of investigation data, and an Agent Gateway for third-party LLM agents; financial-crime agents announced for 2026. | Rolling out | Generative & agentic AI |
What has Quantexa disclosed in numbers?
| Metric | Value | As of |
|---|---|---|
| Valuation | $2.6 billion, after a $175 million Series F[13] | Mar 5, 2025 |
| Annual recurring revenue (vendor-reported) | More than $100 million[12] | Oct 29, 2024 |
| 2024 growth (vendor-reported) | Nearly 40% license revenue growth and 23 new customers in 2024; 16 offices and more than 800 employees[13] | Mar 5, 2025 |
| Scale (vendor-reported) | 900+ staff, over 15,000 platform users, active in 100 countries, 17 offices[1] | Sep 24, 2026 |
| Cloud AML results claimed at launch (vendor-reported) | False positives reduced by up to 75%; investigative effort cut by over 50%[14] | Sep 16, 2025 |
| HSBC case study (vendor-reported) | 60% reduction in case volumes[2] | Sep 24, 2026 |
“For too long, mid-size and community banks have been held to standards of larger institutions with the same level of regulatory accountability without Tier-1 staffing, budgets or technology. Quantexa Cloud AML changes that equation.”[14]
Chris Bagnall · Head of Financial Crime Solutions for North America, Quantexa · Sep 16, 2025
“Our multi-year collaboration has helped us to break down data silos and unify our data with unprecedented accuracy.”[10]
Eric Hirschhorn · Chief Data Officer, BNY Mellon · Jun 10, 2024
“We can list in the UK or the U.S., or both”[20]
Vishal Marria · Founder and CEO, Quantexa · Aug 18, 2026
Who runs Quantexa?
Which rules apply to a bank using Quantexa?
| Authority | Why it matters here | Documents |
|---|---|---|
| FinCEN | Quantexa's Cloud AML supports 314(a)/314(b) information sharing and AI-assisted SAR and CTR filings, so the BSA reports still belong to the bank; FinCEN's 2018 joint statement lets banks pilot such tools without a pilot alone drawing criticism, and FinCEN's April 2026 AML/CFT program proposal would weigh effective use of AI. | 2018 Joint Statement on BSA/AML Innovation 2026 AML/CFT Program Proposed Rule |
| Federal Reserve | Quantexa's entity-resolution, scoring and AML typology models are models a bank must validate under SR 26-2, which replaced the 2021 BSA/AML model-risk statement; Chartis describes Quantexa's white-box architecture for model validation, but validation remains the bank's job. | SR 26-2 |
| OCC | A bank running AML monitoring on Quantexa, including the Azure-hosted Cloud AML, relies on a critical third party that OCC Bulletin 2023-17 says must be managed through its life cycle; OCC Bulletin 2026-13 applies model-risk expectations to vendor models. | OCC Bulletin 2023-17 OCC Bulletin 2026-13 |
| FDIC | Cloud AML is aimed at US mid-size and community banks, many of them FDIC-supervised state non-member banks, for which FDIC FIL-15-2026 adopts the same model-risk guidance as SR 26-2. | FDIC FIL-15-2026 |
Linked authorities have a page in the AI Regulation Tracker; the others are named for completeness.
What should a bank note before buying Quantexa?
Analysis by BankingNewsAI from the sources cited on this page. Observations, not advice or a recommendation.
01
Pricing is not published
Quantexa lists no plans or prices. The only public contract values are UK government awards (£540,000 for one year in 2022, £3.46 million over three years from 2023, and the £175 million, 10-year HMRC deal), none of which is a bank price.
02
Only one of our 100 US banks is a named customer
BNY is the only large US bank Quantexa names, and its documented use is data unification and entity resolution rather than AML monitoring. Quantexa's '6 of the top 14 financial institutions in North America' (2021) is unnamed.
03
Most performance figures are vendor-reported
The 75% false-positive reduction, 50% investigation-time cut, HSBC's 60% case-volume reduction and the Forrester TEI ROI figure are published by Quantexa; none is independently audited in the sources reviewed here.
04
Cloud AML is new and targets mid-size banks
The packaged Azure SaaS product went generally available in September 2025, developed with input from staff at institutions with $5 billion plus in assets; no named US bank customer of Cloud AML was found.
05
Ownership could change
Quantexa's CEO told Reuters in August 2026 that a UK or US listing was under consideration with no timing set; a listing would change disclosure, not the contract counterparty.
06
Funding figures differ between releases
Quantexa's Series D release gives $153 million, while its 2023 Series E release refers to a '$157 million Series D'.
What are the alternatives to Quantexa?
NICE Actimize
Fraud, AML, sanctions screening, KYC, case management and trade surveillance software for banks, on X-Sight and Xceed platforms.
Hawk
AML transaction monitoring, sanctions and customer screening, fraud prevention and AI investigation agents for banks and payment firms.
ComplyAdvantage
AML screening, monitoring and payment screening on its own risk data (sanctions, PEPs, adverse media), with AI agents for alert review.
Unit21
Fraud and AML platform: transaction monitoring, screening, case management and SAR filing, with AI agents that run alert investigations.
SymphonyAI
Financial-crime software for banks: AML transaction monitoring, sanctions screening, KYC, payment fraud and AI investigation agents.
How much does Quantexa cost?
Quantexa does not publish pricing. It sells its Decision Intelligence Platform through sales-led enterprise licences, and Cloud AML as SaaS, including through Azure Marketplace. The only public prices are UK government contracts: £540,000 for one year of Covid-loan fraud analytics for the Cabinet Office (2022), £3,462,000 for a network analytics platform from 2023 to 2026, and a £175 million, 10-year HMRC deal announced in May 2026.
Which banks use Quantexa?
Among the 100 largest US banks, BNY is the named customer: BNY Mellon invested in 2021 after a 12-month engagement using the platform, and its chief data officer described a multi-year collaboration to unify its data in 2024. Quantexa's other named banking customers, HSBC, Standard Chartered, ABN AMRO and Danske Bank, are cited at group level, not as US bank deployments.
Who owns Quantexa?
Quantexa is privately held. Teachers' Venture Growth, part of Ontario Teachers' Pension Plan, led its $175 million Series F in March 2025 at a $2.6 billion valuation. Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC and HSBC hold board seats; GIC led the 2023 Series E. In August 2026 the CEO told Reuters a UK or US listing was under consideration.
What is Quantexa Cloud AML?
Cloud AML is a packaged SaaS anti-money-laundering product on Microsoft Azure, generally available in the US since September 16, 2025, for mid-size and community banks. It combines entity resolution, contextual monitoring, customer risk rating, the Q Assist copilot, 314(a)/(b) information sharing and AI-assisted SAR and CTR reporting. Quantexa says it cuts false positives by up to 75%, a vendor-reported figure.
Is Quantexa a bank or a regulated financial institution?
No. Quantexa is a private software company. Banks that run AML, KYC or fraud work on its platform remain responsible for their BSA/AML programs and filings, and treat Quantexa as a third-party vendor and model provider under their regulators' third-party and model-risk guidance.
How does Quantexa differ from NICE Actimize?
Quantexa builds its AML, KYC and fraud work on entity resolution and network (graph) analytics across a bank's internal and external data, and also sells that data layer beyond compliance. NICE Actimize is an AML and fraud suite owned by NICE. Both are sold on enterprise contracts without published prices; any comparison of detection rates relies on vendor-reported figures.
- Quantexa: Leading Contextual Decision Intelligence (undated page, retrieved 2026-09-24)
- Quantexa Newsroom (undated page, retrieved 2026-09-24)
- Vishal Marria: AI Leader & CEO of the Year (undated page, retrieved 2026-09-24)
- Dan Higgins (undated page, retrieved 2026-09-24)
- Quantexa Raises $64.7m in New Series C Funding to Drive Hyper-Growth in Big Data and Analytics Ecosystem
- Quantexa to Lead Contextual Decision Intelligence Category with $153m Series D Funding
- BNY Mellon Invests in Quantexa Technology
- Quantexa Acquires Aylien an Award-Winning Provider of AI-Based Risk & Market Intelligence Solutions
- Decision Intelligence Leader & AI Innovator Quantexa Raises Valuation to $1.8 Billion With Completion of Series E Funding Round
- Quantexa Debuts Q Assist, New Context Aware Generative AI Technology Suite
- U.S. Special Operations Command Awards Contract to Quantexa
- Quantexa Reaches Centaur Status, Surpassing $100 Million ARR
- Quantexa Completes USD 175 million Series F Investment Round, led by Teachers’ Venture Growth
- Quantexa Launches Cloud AML Product for U.S. Mid-size and Community Banks
- Quantexa Makes Its Decision Intelligence Platform ‘Agent Ready’ to Solve the Hardest Problems in AI: Data Fragmentation & Context
- Quantexa Announces General Availability of Quantexa Unify for Microsoft Fabric
- Quantexa Selected by HMRC for Landmark £175M Sovereign Data and AI Transformation
- Quantexa lands £175m HMRC contract for data infrastructure overhaul
- Quantexa Ranked #7 in Chartis FCC50 2026 and Named Category Leader in Enterprise Fraud Solutions
- British data group Quantexa explores UK or US IPO, sources say
- Quantexa Earns Top Honors from Chartis Research in AML Transaction Monitoring and the RiskTech100
- Fraud Network Analytics and Entity Resolution (Covid-19 Loan Schemes)
- Provision of a Single Network Analytics Platform
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