Category: General

Chartis also recognized Quantexa’s Decision Intelligence Platform AI capabilities for specialized applications in tax fraud detection and government use cases

LONDON, Sept. 09, 2024 (GLOBE NEWSWIRE) — Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, today announced that it has been recognized as a Category Leader in the RiskTech Quadrant^® for Enterprise Fraud Solutions in Chartis Research’s Enterprise and Payment Fraud Solutions, 2024 Market Update and Vendor Landscape report. The positioning as a leader reflects Quantexa’s strong performance across multiple key criteria, particularly in advanced fraud detection techniques and its robust platform for fraud analytics.

The annual Chartis Market Update and Vendor Landscape report notes several key themes in the market for anti-fraud solutions. These include the growing role of generative AI in automation and the co-piloting of fraud solutions. The report explains how vendors are using new cutting-edge technology to address their clients’ evolving needs in the fraud landscape. Quantexa’s inclusion as a Category Leader recognizes its innovative and comprehensive platform approach, integrating workflow with knowledge graph analytics and addressing the constant evolution of challenges in identity risk and application fraud.

Quantexa has also been recognized as one of the top vendors in the inaugural Chartis RiskTechAI 50 2024 ranking and research report. The Chartis RiskTechAI 50 Report ranks global AI solutions in risk technology and has acknowledged Quantexa’s ability to use AI for specialized applications in tax fraud detection and government use cases. In the report, Quantexa technology has been commended in two categories: ‘Advanced tax fraud capabilities’ and ‘AI for government applications.’

This recognition underlines Quantexa’s industry leading expertise in leveraging AI for specialized applications in tax fraud detection and government use cases.

This recognition comes at a pivotal time for Quantexa, as the company continues to roll out its Q Assist technology, supporting customers to succeed in AI deployments. This technology suite allows Quantexa customers to operationalize generative AI for transformational gains without significant investment in infrastructure, tooling, and additional skilled resources.

Q Assist brings generative AI capabilities to Quantexa’s Decision Intelligence Platform.
View the full video

Ivan Heard, Global Head of Fraud Solutions at Quantexa, said: “Being ranked among other category change-makers by Chartis inspires us to continue exceeding in advanced, AI-driven fraud detection techniques. The recognition that we’re a best-in-class solution validates that we’re providing our customers with some of the strongest capabilities in emerging fraud types like APP and mule detection. Our aim is always to address the evolving challenges that our clients are facing in the changing world of fraud by developing top fraud detection techniques that out-class traditional approaches and ensuring the latest advancements in AI for clients to better understand their customers.”

Maryam Akram, Research Principal at Chartis, added: “Quantexa’s innovative use of AI and machine learning to collect, prepare, process, and analyze data, as well as to automate business processes across such areas as entity resolution and business intelligence, secured its position and awards in the RiskTechAI ranking. Its platform enables and integrates a wide array of AI and machine learning techniques, both supervised and unsupervised, to deliver advanced capabilities.”

“The fraud landscape is changing, as complexity increases exponentially there’s a strong need for a deep understanding of risk – and Quantexa’s highly unique and innovative approach to fraud management reflects this change,” said Nick Vitchev, Research Director at Chartis. “Quantexa is able to combine a multitude of fraud and risk signals and identify hard to detect linkages, providing a compelling way to manage large-scale fraud investigations, as well as some of today’s core fraud methodologies (such as APP fraud and mule detection).”

To learn more about Quantexa’s advanced tax fraud and AI for government capabilities, visit here.

About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, 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. An independently commissioned Forrester TEI study on Quantexa’s Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has more than 750 employees and thousands of platform users working with billions of transactions and data points across the world.

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Manama, His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today received a cable of congratulations from His Highness Shaikh Isa bin Abdullah Al Khalifa, President of the Royal Equestrian and Endurance Federation (BREEF), following the victory of World Endurance Champion, His Highness Shaikh Nasser bin Hamad Al Khalifa, the Representative of His Majesty the King for Humanitarian Work and Youth Affairs, and Captain of the Royal Endurance Team, securing first place in the 160 km FEI World Endurance Championship held in Montpazière, France.

Source: Bahrain News Agency

Ramallah – Ma’an – The Central Bureau of Statistics reported that illiteracy rates in Palestine are among the lowest in the world (2.1% among individuals aged 15 years and over) for the year 2023, while the illiteracy rate among Palestinian individuals aged 15 years and over in the territories of 1948 reached 3.6% in the year 2017, according to data from the Galilee Society (Rakaaz).

The data indicated a significant decline in the illiteracy rate since 1997, as the illiteracy rate among the Palestinian population aged 15 years and over decreased from 13.9% in 1997 to 2.1% in 2023. This trend of decline applies to both sexes, as the rate among males decreased from 7.8% in 1997 to 1.1% in 2023, while among females it decreased from 20.3% to 3.2% for the same period.

At the regional level, the rate in the West Bank decreased from 14.1% in 1997 to 3.2% in 2023, while in the Gaza Strip it decreased from 13.7% to 1.9% for the same period.

20 illiterate men and women out of every 100 elderly people

The statistic
s indicated that the age group of 65 years and over recorded the highest illiteracy rate, while the age group (30-44 years) recorded the lowest rate. The illiteracy rate among the elderly 65 years and over reached 20.4% in 2023, and reached 2.2% for the age group (45-64 years) and 0.7% for the age group (30-44 years), while this rate among young people (15-29 years) reached 0.8% for the same year.

Rural communities recorded the highest illiteracy rate.

The statistics indicated that the illiteracy rate in rural communities reached 2.6%, 2.4% in camps, and 2.0% in urban communities in 2023.

Source: Maan News Agency

Occupied Jerusalem, Five Palestinians were martyred on Sunday at dawn as a result of the Israeli occupation forces’ shelling of Jabalia camp north of the afflicted Gaza Strip.

Palestinian media reported that the occupation forces’ aircraft bombed a house in the Al-Alami area of ??the camp, which led to the martyrdom of five Palestinians and the injury of others.

The occupation forces’ artillery also shelled the northern areas of Al-Nuseirat camp in the central Gaza Strip.

The occupation forces continue their aggression by land, sea and air on the Gaza Strip since October 7, which resulted in the martyrdom of 40,939 Palestinians and the injury of 4,616 others, as thousands of victims are still under the rubble and on the roads, and ambulance and rescue crews cannot reach them.

Source: Syrian Arab News Agency

The Holy Makkah Municipality is building the first stone park on some 1,000 square meters as part of the park projects it is carrying out.

The municipality aims to utilize recycled materials and benefit from leftover stones generated by some projects in Makkah, improve the landscapes of parks and public facilities, achieve environmental sustainability, and provide unique places that combine natural beauty and local heritage through the use of local resources and sustainable technologies. That also involves the optimal use of material and natural resources and the available capabilities in an effective, environmentally and architecturally balanced manner.

The stone park will be built from environmentally friendly materials; new facilities such as seating areas, educational paths around the stones, and children’s play areas will be added. The rocks and stones used are durable materials easy to clean and maintain, thus reducing the need for regular maintenance. They also allow for adaptation to climate chall
enges, with designs that take into account changes in temperature and rainfalls. At the same time, parts of the park can be easily modified.

Source: Saudi Press Agency

Manama, His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today received a cable of congratulations from His Highness Shaikh Turki bin Rashid bin Isa Al Khalifa, the Deputy Chairman of the National Arts Council, following the victory of World Endurance Champion, His Highness Shaikh Nasser bin Hamad Al Khalifa, the National Security Advisor and Captain of the Royal Endurance Team, securing first place in the 160 km FEI World Endurance Championship held in Montpazière, France.

Source: Bahrain News Agency

Contestants from all over the world have started arriving in Riyadh to take part in the International Artificial Intelligence Olympiad (IAIO), held alongside the third edition of the Global AI Summit.

Scheduled to take place on September 8-12, 2024, this Olympiad is a collaborative effort between the International Center for AI Research and Ethics (ICAIRE) and the International Research Centre on Artificial Intelligence (IRCAI); it is held under the UNESCO auspices.

This competition, organized by the Saudi Data and AI Authority, serves as a global stage for AI contests. It aims to foster talented individuals and enhance their abilities, as well as to provide a forum for scientists and enthusiasts to share knowledge and explore the latest advancements in this important domain.

Each country will field a team of up to four students who will compete individually over two days during the Global AI Summit.

Day one focuses on scientific queries, while day two challenges students to solve scientific problems
using AI techniques on a specially designed platform.

Source: Saudi Press Agency

The Muslim World League (MWL) expressed its strongest condemnation of the murder of American activist Aysenur Ezgi and child Bana Amjad Bakr by the Israeli occupation forces and extremist militias protected by the Israeli army, south of Nablus. These killings are part of the ongoing barbaric and systematic violence in the Palestinian territories.

In a statement issued by the MWL General Secretariat, MWL Secretary-General Sheikh Dr. Mohammad bin Abdulkarim Al-Issa denounced these ongoing horrific crimes against civilians that the Israeli government’s war machine continues to commit, which are in direct violation of humanitarian and legal standards.

Dr. Al-Issa underscored the urgent necessity for the international community to address this horrific humanitarian crisis and to cease the systematic violations against innocent civilians in the Palestinian territories.

Source: Saudi Press Agency

Minister of Foreign Affairs of the Kingdom of Bahrain Dr. Abdullatif bin Rashid Alzayani arrived in Riyadh today.

Upon his arrival at King Khalid International Airport, Dr. Alzayani was received by Vice Minister of Foreign Affairs Eng. Waleed bin Abdulkarim El-Khereiji and Secretary-General of the Gulf Cooperation Council (GCC) Jasem bin Mohamed AlBudaiwi.

Eng. El-Khereiji welcomed the Bahraini Foreign Minister, who is visiting the Kingdom of Saudi Arabia to participate in the 161st Meeting of the Ministerial Council of the Ministers of Foreign Affairs of the GCC states.

Source: Saudi Press Agency

Two Palestinians were injured by live ammunition fired by Israeli occupation forces in Qalqilya in the West Bank.

Local sources said that the two young men sustained gunshot wounds, one in the hand and another in the foot, while they were near the Israeli occupation apartheid wall in the Al-Marj area on the northern edge of the city, according to Palestinian news agency (WAFA).

The two were transported to Darwish Nazzal Governmental Hospital in the city, where their condition was described as stable.

In a related development, Israeli occupation forces stormed the village of Azzun Atma south of Qalqilya, setting up a military checkpoint at the village entrance. The forces stopped and inspected the vehicles of local residents and checked their IDs, though no arrests have been reported.

The occupation forces also stormed the village of Burqa, east of Ramallah.

Local sources reported that an occupation army force stormed the village, roamed its streets and fired sound bombs and tear gas. No injuries have bee
n reported.

Source: Qatar News Agency