#FinancialCrime / Fintech Quantexa Raises $64.7mn

… the company’s software helps to identify transactional patterns and criminal activity in broader networks; banks have started to invest more heavily in technology to help fight financial crime as criminals have been able to stay ahead of the curve…

Quantexa plans to use its fresh funding to expand further into North America, the Asia-Pacific region and Europe; the firm also intends to develop additional applications across financial services and other sectors.