Quantexa, the contextual decision intelligence software and solutions company, has secured the advisory services of former M15 chief Lord Jonathan Evans.
Evans will support the company on its advisory board as the firm continues its growth, which includes a total funding amount raised of $23.3 million since March 2017.
He was a part of the Security Service since 1980 and he rose to the position of director general in April 2007, retiring in 2013.
On his appointment, Lord Jonathan Evans commented: “To combat financial crime in the light of the increasing sophistication of criminals and global data growth, new approaches and technologies are needed.
“Quantexa is leading the pack in the decision intelligence market by providing a technology platform and approach which enables organisations to connect data and provide context around relationships thus enabling deeper insight and more accurate decision making”.
Evans was appointed Knight Commander of the Order of the Bath (KCB) in the 2013 New Year’s Honours List and made a Cross Bench life peer in 2014.
After retiring from director general, Evans became a non-executive director from 2013 to 2019 for HSBC Holdings, where he oversaw financial crime risk, anti-bribery and corruption, as well as cyber risk.
Quantexa aims to empower organisations by connecting their internal and external data through the use of latest technology such as big data, entity resolution and AI.
Its platform provides an overview of both internal and external data, including transactions, from multiple global data sources, all to present a 360-degree view of relationship networks
This aims to uncover hidden risk and opportunities as well as solve other challenges within financial crime, customer and citizen intelligence, fraud, credit risk and pricing.
Vishal Marria, CEO of Quantexa, added: “We are thrilled that Lord Jonathan Evans is joining our advisory board, bringing a wealth of risk management experience across public and private sectors to our business, built over a distinguished career in public service as well as business.
“His unique skill set will be invaluable to the future growth and success of Quantexa, as we expand our solution set for contextual decisioning into adjacent sectors such as the public sector and advance the overall progress of the decision intelligence market.”