The Insolvency Service has awarded a multi-million-pound contract to Quantexa, a global provider of data, analytics, and AI software. The agreement establishes a three-year partnership between the government agency and the technology firm.
Quantexa, which specializes in what it terms “Decision Intelligence,” will provide software tools to assist the Insolvency Service. This technology is designed to integrate disparate data sources to provide more comprehensive insights, a capability the company has historically marketed for risk assessment and operational efficiency.
This partnership marks a significant integration of AI-driven analytics into the operations of the Insolvency Service, which is responsible for administering the insolvency regime in the United Kingdom. While the scope of the software’s application is part of a multi-year project, the engagement reflects a broader move by public sector entities to modernize data processing and decision-making systems through advanced digital infrastructure.
Source: Finextra
Original article: https://www.finextra.com/pressarticle/111400/quantexa-wins-contract-from-insolvency-service?utm_medium=rssfinextra&utm_source=finextrafeed
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