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Quantexa’s Decision Intelligence Platform and Financial Crime solutions credited for driving efficiencies through automation and enriching graph analytics and network analysis

LONDON and NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has been recognized by Celent, a global research and advisory firm providing technology expertise to key decision makers at financial institutions, for its standout technology in the 2023 xCelent Anti-Money Laundering (AML) Transaction Monitoring (TM) Report, an independent resource helping financial institutions select an AML vendor best suited to meet their needs. Celent’s report profiled 17 AML TM systems available globally, including an overview of their functionality, customer base, technology, implementation, pricing, and support, to help key financial institutions navigate the market.

Celent credited Quantexa for “pioneering the use of entity resolution […] to power granular, deep network analysis to support the forensic investigation of financial crimes.” Key benefits highlighted include the platform’s ability to “resolve internal transaction and customer data as well as external data […] pertaining to entities, transactions and other activities, and counterparties to generate highly enriched network analyses of associated accounts that can surface risk insights,” and “to automate much of the investigative process, thereby increasing analyst efficiency.”

Customers rated Quantexa’s Decision Intelligence Platform and AML solutions strongly overall, with the speed of implementation and the flexibility of the data model receiving the highest scores for implementation experience and technology respectively. They also appreciated the platform’s graph analytics and network/link analysis capabilities. Respondents noted the Quantexa team’s knowledge of their solution and relevant technology. One client cited “a strong level of service and responsiveness compared to other vendor experiences.”

Quantexa’s Chief Product Officer, Dan Higgins, said: “Being recognized as a best-in-class provider for AML solutions by Celent is a true testament to the innovation and value we deliver to our clients. We continually strive to bring best-in-class solutions to our clients, helping them turn information into insight and insight into the ability to protect, optimize, and grow their organizations. Having Celent recognize our solution for the depth of impact it delivers, as well as our teams’ breadth of knowledge, which is helping to aid in the forensic investigations of financial crime, is inspiring and rewarding.”

Quantexa’s platform gives leading banks, fintechs and regulators the ability to understand their data by connecting siloed systems to protect, optimize and grow. By protecting and fighting against financial crime, Quantexa clients can become more resilient, visualize hidden risks at speed, and make more informed and trusted decisions about AML risk.

To download the Celent report which profiles Quantexa’s Decision Intelligence solution for AML Transaction Monitoring, visit Quantexa’s website here.

About Quantexa
Quantexa is a global data and analytics software company pioneering 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 Decision Intelligence 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 650 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, Dublin, New York, Boston, Washington DC, Toronto, UAE, Malaga, Amsterdam, Luxembourg, Brussels, Melbourne, Sydney and Singapore. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries
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E: Quantexa@fightflight.com

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
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Basseterre, July 19, 2023 (GLOBE NEWSWIRE) — St Kitts and Nevis has yet again strengthened the administration of its Citizenship by Investment (CBI) Programme, announcing that all main applicants are to partake in a mandatory interview as part of the application process to its investment migration programme.

The twin-island Federation becomes one of the first Caribbean nations to introduce the soon-to-be industry standard. Instituted by regulations published on July 19, 2023, the new policy applies to all applications, including those already received but not yet approved by the Citizenship by Investment Unit (CIU). The new regulations also provide that dependants may be asked to be interviewed.

This new step in St Kitts and Nevis’ CBI application process confirms that St Kitts and Nevis has now fully implemented the six principles agreed between the United States of America and governments of the five Caribbean nations with Citizenship by Investment Programmes in a roundtable meeting held on February 25, 2023. That meeting was convened to discuss and agree on common ways to deal with threats to international communities in the investment migration ecosystem.

The five Caribbean participating governments are Antigua & Barbuda, Dominica, Grenada, St Kitts and Nevis and Saint Lucia. Their Prime Ministers and other senior state officials met with a USA delegation led by Anna Morris, Deputy Assistant Secretary at the USA Department of Treasury.

The group collectively committed to six CBI principles proposed by the USA, several of which were already adopted by the five Caribbean participating governments of their own volition as part of their risk management framework to strengthen and safeguard the integrity of their CBI programmes.

The six principles agreed were:

1. Treatment of denials: Not to process applications from persons whose applications have been denied in another CBI jurisdiction, by proactively sharing information on denials.
2. Interviews: Conduct interviews with applicants, whether virtual or in-person.
3. Additional checks: Each jurisdiction will run checks on each application with the Financial Intelligence Unit of its respective country.
4. Audits: Audit the Programme annually or every two years in accordance with internationally accepted standards.
5. Retrieval of passports: Request law enforcement assistance to retrieve revoked/recalled passports.
6. Treatment of Russians and Belarusians: Suspend processing applications from Russians and Belarusians.

A delegation from St Kitts and Nevis, headed by the country’s Prime Minister, Terrance Drew, also attended this year’s annual European Union-Community of Latin American and Caribbean States Summit (EU-CELAC) Summit in Brussels.

During the Summit, St Kitts and Nevis, along with the other Caribbean CBI islands, met with the European Commission and agreed to establish a joint task group to engage the stakeholders and keep both regions abreast of ongoing developments and find a common ground to work from.

“We are very happy about how the meeting went in Brussels. There is definitely a spirit of cooperation between ourselves and the European Commission, and we will continue to make our efforts in mitigating international security risk very clear so all our international partners are confident of the integrity of our programme,” noted Prime Minister Drew.

The third edition of EU-CELAC was held from July 17 to July 18, 2023, and aims to discuss key matters of interest that impact the Caribbean and the European Union and effective resolutions.

From July 19, 2023, main applicants, 16 years and older, for St Kitts and Nevis’ CBI programme will be required to be interviewed – virtually or in person – as part of the application process.

Head of St Kitts and Nevis’ Citizenship by Investment Unit, Michael Martin, commented that “St Kitts and Nevis remains committed to cooperating with our international stakeholders and takes the safety and integrity of our Citizenship by Investment Programme extremely seriously.”

Due diligence and risk mitigation remain a very important aspect of how St Kitts and Nevis approaches its CBI programme.

The country has one of the best regulated programmes in the world. St Kitts and Nevis is the only country with a CBI Board of Governors responsible for providing general oversight of the operations their CBI Unit; developing and implementing policies and procedures; ensuring that application processing is completed within the timeframes advertised without compromising the integrity of the programme; and constantly monitoring the global investor immigration industry to ensure that the country’s CBI Regulations align with international market forces.

The country is the also the only one with a CBI Technical Committee charged with ensuring all due diligence background checks are comprehensive in keeping with the country’s multi-sectoral good governance transformation into a sustainable island-state.

Caribbean CBI nations remain at the pinnacle of due diligence excellence and St Kitts and Nevis continues as a trailblazer for many CBI nations across the world.

The due diligence for the St Kitts and Nevis CBI Programme is conducted by highly respected international due diligence agencies from the USA, Canada and the United Kingdom, and vetted by the CBI Unit, Financial Intelligence Unit and international policing authorities. These agencies work together to facilitate a multi-layer due diligence investigation online and on-the-ground.

St Kitts and Nevis boasts the oldest CBI programme in the Caribbean, established in 1984, and continues to be a firm favourite among international investors across the world.

Secretary of St Kitts and Nevis Citizenship by Investment
Government of St. Kitts and Nevis
001 (868) 467 1474
info@sknciu.com

GlobeNewswire Distribution ID 8877083

LONDON, July 18, 2023 (GLOBE NEWSWIRE) — Japan has been knocked off the top spot on the Henley Passport Index for the first time in five years and bumped into 3^rd place, according to the latest ranking, which is based on exclusive and official data from the International Air Transport Association (IATA). Singapore is now officially the most powerful passport in the world, with its citizens able to visit 192 destinations out of 227 around the world visa-free. Germany, Italy, and Spain all move up into 2^nd place with visa-free access to 190 destinations, and Japanese passport holders join those of six other nations — Austria, Finland, France, Luxembourg, South Korea, and Sweden — in 3^rd place with access to 189 destinations without a prior visa.

The UK appears to have finally turned the corner after a six-year decline, jumping up two places on the latest ranking to 4^th place — a position it last held in 2017. The US, on the other hand, continues its now decade-long slide down the index, plummeting a further two places to 8^th spot with access to just 184 destinations visa-free. Both the UK and the US jointly held 1^st place on the index nearly 10 years ago in 2014, but have been on a downward trajectory ever since. Afghanistan remains entrenched at the bottom of the Henley Passport Index, with a visa-free access score of just 27, followed by Iraq (score of 29), and Syria (score of 30) — the three weakest passports in the world.

The general trend over the history of the 18-year-old ranking has been towards greater travel freedom, with the average number of destinations travelers are able to access visa-free nearly doubling from 58 in 2006 to 109 in 2023. However, the global mobility gap between those at the top and bottom of the index is now wider than it has ever been, with top-ranked Singapore able to access 165 more destinations visa-free than Afghanistan.

Dr. Christian H. Kaelin, Chairman of Henley & Partners, says only eight countries worldwide have less visa-free access today than they did a decade ago, while others have been more successful in securing greater travel freedom for their citizens. “The UAE has added an impressive 107 destinations to its visa-free score since 2013, resulting in a massive leap of 44 places in the ranking over the past 10 years from 56^th to 12^th position. Of the countries sitting in the Top 10, the US has seen the smallest increase in its score, securing just 12 additional destinations. Singapore, by comparison, has increased its score by 25, pushing it up five places over the past 10 years to number one.”

Commenting in the Henley Global Mobility Report 2023 Q3, released today alongside the latest index, Greg Lindsay from Cornell Tech’s Jacobs Institute, says that from a purely mechanical perspective, “the story is a simple one — by more or less standing still, the US has fallen behind. While its absolute score has in fact risen over the last decade, the US has been steadily overtaken by rivals such as South Korea, Japan, and Singapore. America’s relentless slide down the rankings is a warning to its neighbor Canada and the rest of the Anglosphere as well.”

The links between visa-free access and openness

Henley & Partners has conducted exclusive new research into the relationship between a country’s openness to foreigners — how many nations it allows to cross its borders visa-free — and its own citizens’ travel freedom. The new Henley Openness Index ranks all 199 countries worldwide according to the number of nationalities they permit entry to without a prior visa.

The Top 20 ‘most open’ countries are all small island nations or African states, except for Cambodia. There are 12 countries that are completely open to all passports and four that don’t allow anyone in visa-free. While the correlation between a high openness score and high visa-free access score is not straightforward, it is notable that Singapore and South Korea — high climbers on the Henley Passport Index Top 10 over last decade, moving up from 6^th and 7^th respectively in 2013 to 1^st and 3^rd today — boast relatively high degrees of openness compared to the 5 countries with the biggest disparity between the travel freedom they enjoy, versus the visa-free access they provide to other nationalities. US, Canada, Australia, New Zealand and Japan have all either slid down the ranking or remained in the same place as their openness stagnates.

Prof. Peter J. Spiro, who holds the Charles Weiner Chair in international law at Temple University, says America’s extension of visa-free access is low, even by the standard of developed economies. “EU states grant visa-free privileges to more than twice the number of states than does the US. Processing delays, high refusal rates, and a reputation for disagreeable customer service are tarnishing the attractiveness of the US as a destination. Add to that the growing reputation of the US as ridden with gun violence and one can project a long-term trajectory in which US global standing further erodes.”

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Sarah Nicklin

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LONDRES, 18 juill. 2023 (GLOBE NEWSWIRE) — Pour la première fois en cinq ans, le Japon a été détrôné de la première place du Henley Passport Index pour passer à la 3^e place, selon le dernier classement réalisé sur la base des données exclusives et officielles de l’Assocation internationale du transport aérien (IATA). Désormais, c’est Singapour qui délivre officiellement le passeport le plus puissant au monde, permettant à ses citoyens de visiter 192 destinations sur 227 dans le monde sans visa. L’Allemagne, l’Italie et l’Espagne se hissent toutes à la 2^e place avec un accès sans visa à 190 destinations, et les détenteurs d’un passeport japonais rejoignent la position de six autres pays : l’Autriche, la Finlande, la France, le Luxembourg, la Corée du Sud et la Suède — en 3^e place avec accès à 189 destinations sans visa préalable.

Le Royaume-Uni semble avoir finalement inversé la tendance après une baisse de six années consécutives en regagnant deux places dans le dernier classement pour passer à la 4^e place, une position que le pays a occupé pour la dernière fois en 2017. Les États-Unis, en revanche, poursuivent depuis maintenant une décennie leur dégringolade dans le classement de l’indice, chutant de deux places supplémentaires à la 8^e place avec un accès sans visa à seulement 184 destinations. Il y a près de dix ans, en 2014, le Royaume-Uni et les États-Unis occupaient conjointement la 1^ère place de l’indice, mais ont suivi depuis une trajectoire descendante. L’Afghanistan reste bien ancrée au bas du Henley Passport Index, avec un score d’accès sans visa de seulement 27, suivi de l’Irak (29) et de la Syrie (30), ces trois pays délivrant les passeports les plus faibles au monde.

Au cours des 18 années de l’histoire du classement, la tendance générale a été vers une plus grande liberté de voyager, le nombre moyen de destinations auxquelles les voyageurs peuvent accéder sans visa ayant presque doublé, passant ainsi de 58 en 2006 à 109 en 2023. Cependant, l’écart de mobilité mondiale entre ceux qui se trouvent au sommet de l’indice et ceux qui se trouvent en bas de celui-ci est à présent plus large qu’il ne l’a jamais été, avec Singapour en tête du classement, ce pays pouvant accéder sans visa à 165 destinations de plus que l’Afghanistan.

Christian H. Kaelin, président de Henley & Partners, déclare que seuls huit pays dans le monde disposent d’un accès sans visa plus limité aujourd’hui qu’il y a dix ans, tandis que d’autres pays ont mieux réussi à obtenir une plus grande liberté de déplacement pour leurs citoyens. « Les Émirats arabes unis ont ajouté le nombre impressionnant de 107 destinations supplémentaires à leur accès sans visa depuis 2013, ce qui a entraîné un bond massif de 44 places dans le classement au cours des 10 dernières années, passant de la 56^e à la 12^e position. Parmi les pays figurant dans le Top 10, les États-Unis ont enregistré la plus faible augmentation de leur score, n’obtenant que douze destinations supplémentaires. Singapour, en comparaison, a augmenté son score de 25 destinations supplémentaires, faisant grimper ce pays de cinq places au cours des dix dernières années pour devenir numéro un du classement. »

Greg Lindsay de l’Institut Jacobs de Cornell Tech, commentant le Henley Global Mobility Report 2023 Q3, publié aujourd’hui en même temps que le dernier indice, déclare que d’un point de vue purement mécanique, « l’explication est toute simple : en restant plus ou moins dans l’immobilisme, les États-Unis ont pris du retard. Alors que leur score absolu a en réalité augmenté au cours de la dernière décennie, les États-Unis ont été régulièrement dépassés par des rivaux tels que la Corée du Sud, le Japon et Singapour. La chute incessante de l’Amérique dans le classement est un avertissement pour son voisin, le Canada, ainsi que pour le reste de l’anglosphère. »

Les liens entre accès sans visa et ouverture

Henley & Partners a mené de nouvelles recherches exclusives sur la relation qui existe entre l’ouverture d’un pays aux étrangers – à combien de nations il permet de traverser ses frontières sans visa – et la liberté de voyager de ses propres citoyens. Le nouveau Henley Openness Index classe les 199 pays du monde en fonction du nombre de nationalités auxquelles ils autorisent l’entrée sans visa préalable sur leur territoire.

Le Top 20 des pays « les plus ouverts » sont tous des petits États insulaires ou des États africains, à l’exception du Cambodge. On dénombre ainsi douze pays complètement ouverts à tous les passeports, et quatre autres qui n’autorisent personne à entrer sur leur territoire sans visa. Bien que la corrélation entre un score d’ouverture élevé et un score d’accès sans visa élevé ne soit pas toujours simple, il est à noter que Singapour et la Corée du Sud – qui enregistrent les meilleures progressions du Top 10 du Henley Passport Index au cours de la dernière décennie en passant de la 6^e et de la 7^e place respectivement en 2013 à la 1^e et à la 3^e place aujourd’hui – affichent des degrés d’ouverture relativement élevés par rapport aux cinq pays présentant la plus grande disparité entre la liberté de voyager dont ils bénéficient et l’accès sans visa qu’ils offrent aux autres nationalités. Les États-Unis, le Canada, l’Australie, la Nouvelle-Zélande et le Japon ont tous reculé dans le classement ou sont restés à la même position parce que leur degré d’ouverture a stagné.

Le professeur Peter J. Spiro, titulaire de la chaire Charles Weiner de droit international à l’université Temple, affirme que l’extension de l’accès sans visa proposée par les États-Unis est faible, même par rapport à la norme des économies développées. « Les États de l’UE accordent des privilèges sans visa à plus de deux fois plus d’États que ne le font les États-Unis. Les retards de traitement, les taux de refus élevés et la réputation d’un service client désagréable ternissent l’attrait des États-Unis en tant que destination. Si l’on ajoute à cela la réputation croissante des États-Unis en tant que pays en proie à la violence armée, on peut envisager une trajectoire à long terme dans laquelle la position mondiale des États-Unis s’érode davantage encore. »

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Sarah Nicklin

Responsable Groupe des RP

sarah.nicklin@henleyglobal.com

Numéro de téléphone portable : +27 72 464 8965

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