Quantexa, a big data and analytics company backed by HSBC and Albion Ventures, has opened a new office in Brussels.
Further offices in Sydney and New York are due to open within the next 12 months.
Following on from last month's USD3.3 million fund raising, Quantexa's expansion reflects a growing customer base outside the UK. The Brussels office, with an initial staff of four, will put the company in closer proximity to its clients and forms part of its aggressive international growth plans.
Quantexa's clients include some of the world's largest financial institutions, many of which have extensive presence outside of the UK.
CEO Vishal Marria says: "Being able to work closely with our clients and support them locally is essential. Extending our reach outside the UK with the opening of the Brussels office starts to make this a practical reality.
“Having successfully deployed our technology with three global financial institutions in our first year, we aim to build on that success throughout the region."
Quantexa's evolving technology, which uses real-time Entity Resolution with Network Analytics and Artificial Intelligence (AI) to knit together vast and disparate data sets, enables companies and institutions to tackle complex problems such as financial crime and to meet anti-money laundering (AML) regulations.
