Quantexa offers a range of solutions including data and analytics software, as well as financial crime and compliance solutions. Their offerings are designed to assist organizations in the BFSI sector, as well as those in the public and private sectors, to identify untapped opportunities and mitigate previously undiscovered risks. Aylien is a company based in Dublin that specializes in technology related to Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) and news API. By leveraging their expertise in these areas, Aylien assists organizations in extracting valuable insights from large volumes of human-generated data, thereby aiding in critical decision-making processes.
Quantexa has acquired Aylien, with the aim of enabling users to gather, analyze, and understand unstructured textual information, as well as to combine structured and unstructured data to extract real time- valuable insights and facilitate automated decision-making processes. This acquisition is intended to help Quantexa expand its presence across a range of industry verticals, while also allowing them to make inroads into the $11bn text analytics market. Quantexa also plans to augment its investments for R&D in the areas of AI and NLP.
According to Pradnya Gugale, Senior Analyst at Quadrant Knowledge Solutions, “The partnership between Quantexa and Aylien will empower users in making crucial decisions, supported by advanced AI and NLP. This collaboration will help identify growth opportunities in the fields of risk and compliance while also keeping users informed of risk landscape of various risks such as financial, operational, reputational, legal risks and more.”
Author: Pradnya Gugale, Senior Analyst, Quadrant Knowledge Solutions.