Day: December 22, 2022

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Quantexa Positioned by Global Risk Analyst Firm Chartis as a Category Leader in 2023 RiskTech 100 Report for Trade-Based Money Laundering Solutions

Chartis also gave top ranking to Quantexa’s Entity Resolution solution – addressing key data management challenges that are costing financial institutions millions

LONDON, Dec. 22, 2022 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that their Decision Intelligence Platform has been recognized as a category leader in the Chartis RiskTech100 report for Trade-Based Anti-Money Laundering Solutions (TBAML). Quantexa’s Decision Intelligence Platform has also been recognized by Chartis as a category leader in the recently released Chartis Financial Crime Risk Management Systems, Entity Management and Analytics Quadrant report.

RiskTech 100: Trade-Based Anti-Money Laundering Solutions
The 2023 RiskTech100 report ranks the world’s major players in risk and compliance technology. In the Trade-based money laundering (TBML) category Quantexa was named as a category leader for data support of their enterprise solution. The Quantexa Trade AML Solution was also ranked for depth of typology coverage, breadth of analytical techniques and workflow.

Today’s Anti-money laundering efforts face many growing and unresolved challenges. In a digital and globalized world, criminals are using a wide range of strategies to be successful – making context a critical factor in the ability to accurately detect trade-based money laundering. By unifying internal and external data sources and scaling to understand billions of transactions, Quantexa’s Decision Intelligence Platform helps organizations create a holistic view of transactional, customer, and counterparty information. Quantexa’s approach to TBAML provides more accurate and efficient detection so organizations can reduce risk, assure compliance, and protect their reputation. Increased alert quality and automation, combined with reducing the volume of false positives helps organizations gain efficiencies and do more with the resources they already have.

Financial Crime Risk Management Systems: Entity Resolution
Quantexa’s dynamic Entity Resolution Solution capability that is a critical part of its industry leading Decision Intelligence Platform was recognized for coverage, scalability, data enrichment, depth and breadth of data sources supported.

Quantexa’s Entity Resolution Solution is an advanced data matching capability that connects disparate and ambiguous internal and external data at scale. Entity Resolution creates focused and complete views of people, organizations, places, and other data delivering game changing data quality and match rate accuracy. Quantexa also supports ‘dynamic entity resolution’, which gives unique flexibility across multiple use cases and informs granular and extensive security protocols.

Decision Intelligence Platform
Quantexa’s Decision Intelligence Platform gives enterprises the ability to unify their data by connecting siloed sources and systems, providing the context needed to visualize the complex relationships that enable previously hidden risk to be discovered. Quantexa’s unique entity resolution technology can connect the most disparate and ambiguous internal and external data at scale to create single, complete views of people, organizations, places, and other data with 99% accuracy, handling poor quality data with exceptional performance. The result is a single view of data that becomes their most trusted and reusable resource across the organization.

Chartis Chief Researcher Sidhartha Dash said:

“Quantexa’s increasingly mature solutions and their strong implementations in large financial institutions leveraging network-based concepts, drove their rise in the RiskTech 100 as well as their leadership in TBAML and Entity Management quadrants.”

Quantexa Chief Product Officer Dan Higgins added:

“Quantexa is delighted to be included in the RiskTech 100 report, positioned very strongly amongst an esteemed list of enterprise solution providers. At Quantexa, we are keenly aware that criminals are hiding in plain sight and that traditional monitoring systems and manual controls just can’t handle today’s complexity, scale of activity and the underlying regulatory shifts, in particular the focus on counterparty risk, as well as customers. The usage of contextual monitoring to detect and manage the holistic financial crime and fraud risks within International Trade, including the identification of prerequisites such as underlying collusion, the presence of shell companies and professional money laundering gatekeeps and enablers has been a defining factor in Quantexa’s success in this space.”

ABOUT QUANTEXA

Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney. For more information, contact Quantexa here or follow us on LinkedIn.

ABOUT CHARTIS

Chartis is a research and advisory firm that provides technology and business advice to the global risk management industry. Chartis provides independent market intelligence regarding market dynamics, regulatory trends, technology trends, best practices, competitive landscapes, market sizes, expenditure priorities, and mergers and acquisitions. Chartis’ RiskTech Quadrant reports are written by experienced analysts with hands-on experience of selecting, developing, and implementing risk management systems for a variety of international companies in a range of industries, including banking, insurance, capital markets, energy, and the public sector.

Media Inquiries:

C: Laurel Case, VP, Fight or Flight

T: +1 315 663 6780

E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

GlobeNewswire Distribution ID 1000773686

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DNA of Pakistan is based on Ballot and Democracy: Ahsan Iqbal 

Islamabad, December 22, 2022 (PPI-OT):The two-day international conference “Nation Building in Pakistan Prospects and Challenges” organized by Faculty of Social Sciences, Faculty of Education and Iqbal International Institute for Research and Dialogue (IRD) of International Islamic University (IIUI) concluded here at Faisal Masjid campus. During the two days conference witnessed more than 40 research papers by the eminent scholars of national and international repute in education, sociology and mass media and international relations. In different sessions of the conference, national and international experts, researchers, academicians and intellectuals discussed various challenges and solutions in the nation building process of Pakistan.

Prof. Ahsan Iqbal, Federal Minister for Federal Minister for Planning, Development and Special Initiatives was the Chief Guest of the concluding session, while Senator Mushahid Hussain Syed was Guest of Honour on this occasion. Ahsan Iqbal in his address highlighted various challenges that are faced by Pakistani society.

He was of the view that raising hatred in society must be addressed, while harmony must be promoted to build a peaceful society where everyone can live independently specially minorities. Former Minister called for encouraging inclusiveness in the society. “We need to learn how we can disagree in an agreeable way” he maintained. He opined that we need to be united on core issues so that Pakistan can progress to build a strong nation and we can have a bright future.

He was of the view that educational and economic development of Pakistan are based on social peace and harmony as all of these can be nurtured in a stable political set up. He highlighted the role of youth and minorities during the independence movement of Pakistan.

Senator Mushahid Hussain Syed said that the World today has been transformed due to the advent of latest technologies. Addressing the conference participants Senator, Mushahid Hussain Syed highlighted the role of Iqbal and his philosophical character for the entire humanity. He added that in the present era social media has become the voice for rights of the people. He added that without youth and participation we cannot build a strong nation.

Prof. Dr. Nabi Bux Jumani, Acting President, IIUI congratulated the organizers for arranging this international conference on challenges and solutions in the way of nation building and proposed that a grand national conference will be arranged in near future. Dr. Jumani highlighted the role of academia and ulemas for nation building and said that IRD in future will arrange a Grand National dialogue and series of round table discussions for the purpose.

On this occasion Prof. Nabi Bux Jumani highlighted the role of Prof Dr. Muhammad Mumtaz (Late), former President, IIUI for his contributions for Muslim Ummah in the Western countries and in Pakistan. During his address, the Acting President said that under the vision of President IIU, Dr. Hathal Hamoud Alotaibi the university will take such initiatives for strengthening the state pillars by producing a talented youth willing to serve in nation building. He added that we should learn from our mistakes so that we can make our country a strong nation.

Dean Faculty of Education, IIUI Prof. Dr. Muhammad Sarwar presented the overview and sub themes of the conference among participants during his speech while Professor Dr. Manzoor Afridi from Politics and IR, IIUI presented recommendations of the conference. At the end Acting President, IIU presented shields among guests and conference organizers.

For more information, contact:
Public Relations,
International Islamic University Islamabad (IIUI)
Room No.118, Admin Block, New Campus,
H-10 Sector, Islamabad, Pakistan
Tel: +92-51-9019249
Fax: +92-51-9257909
Email: iiuipublicrelations@iiu.edu.pk
Website: www.iiu.edu.pk

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Pride of the Nation, AKU’s Dr Bhutta stresses on maternal and child health 

Karachi, December 22, 2022 (PPI-OT):Given the disproportionately high rate of girls who become mothers under the age of 18 in underserved segments of society and in lower and middle income countries, adolescent and maternal well-being needs to be put at the centre of global health and development. This view was expressed by Dr Zulfiqar A. Bhutta during a recent lecture, “The Future of Maternal and Child Health: What Does It Mean for the World and Pakistan” held at Aga Khan University, where he spoke of his pursuit of improving child and maternal health in the developing world.

Dr Zulfiqar A. Bhutta is a Distinguished University Professor and the Founding Director of the Centre of Excellence in Women and Child Health at the Aga Khan University. He also holds the Robert Harding Inaugural Chair in Global Child Health at the Hospital for Sick Children, Toronto, and is the co-Director of the SickKids Centre for Global Child Health.

The lecture held at AKU celebrated Dr Bhutta’s outstanding achievements in healthcare; he is the first Pakistani to win the Gairdner Global Health Award. The Gairdner Awards are among the world’s most prestigious scientific honours. He is also the first dual recipient of the AKU Distinguished Faculty Award for Research and AKU Award of Distinction. His accolades include the Global Paediatric Research Award for Outstanding Contributions to Global Child Health, the WHO Ihsan Dogramaci Family Health award and the inaugural TUBA Academy of Sciences Award for global contributions to Health and Life Sciences.

Speaking to the audience about the future of maternal and child health in the local and global context, Dr Bhutta stressed upon the health of women and children as vital to creating a healthy world and underlined the importance of research, interventions, and the changing landscape around maternal, new-born, and child health.

“Maternal and child under-nutrition are very closely intertwined,” he said, adding how critical it is to ensure accessible health care and well-being for mothers and children. Touching upon the topic of child/young brides, he quoted a study that showed about 27% girls between the ages of 15-19 in Pakistan lose their lives because of obstetric maternal conditions. “This is why”, he emphasised, “children should not have children,” highlighting the physical and emotional plight it brings on young girls and the generations that come after them.

Dr Bhutta also paid homage to his wife and work companion, Dr Shireen Bhutta, a renowned gynaecologist, who passed away earlier this year. He further remarked that no award or accolade can be won without collaborations and collective efforts. He expressed his gratitude to his students, fellow doctors and mentors, many of whom were part of the audience. Dr John Dirks, President and Scientific Director Emeritus of Gairdner and former dean of Aga Khan University’s faculty of Health Sciences, was also present as a special guest at the lecture.

For more information, contact:
Media Executive
Department of Public Affairs
Aga Khan University (AKU)
Stadium Road, Karachi
Tel: +92-21-34930051
Fax: +92-21-34934294, +92-21-34932095
Cell: +92-301-8258028
Email: rasool.sarang@aku.edu, public.affairs@aku.edu​
Website: www.aku.edu

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Dr. Shujaat Mubarik, Dean CBM, IoBM Co-Authors Two Books 

Karachi, December 22, 2022 (PPI-OT):Dr. Muhammad Shujaat Mubarik, Dean CBM, IoBM, has co-authored two books: “Human Capital, Innovation and Disruptive Digital Technology” and “The Dynamics of Intellectual Capital in Current Era”.

“Human Capital, Innovation and Disruptive Digital Technology” offers a comprehensive analysis of the role of human capital in industry 4.0, firm internationalization, and organizational ambidexterity and outlines strategies for the firm to improve.

“The Dynamics of Intellectual Capital in Current Era” provides an up-to-date survey of relevant concepts, research areas, and applications of intellectual capital (IC). It introduces a new application of IC and its association with contemporary disruptive technologies.

The books will be useful for top-tier managers, researchers, academicians, consultants, and practitioners interested in gaining a current, relevant, and diverse perspective on the impact of digital technology and how to develop human capital.

Read more about these books through the following links:

Human Capital, Innovation and Disruptive Digital Technology:

https://www.routledge.com/Human-Capital-Innovation-and-Disruptive-Digital-Technology-A-Multidimensional/Mubarik-Shahbaz-Abbas/p/book/9781032050799

The Dynamics of Intellectual Capital in Current Era:

https://link.springer.com/book/10.1007/978-981-16-1692-1#about-this-book

For more information, contact:
Institute of Business Management (IoBM)
Korangi Creek, Karachi, Pakistan
UAN: +92-21-111-002-004
Tel: +92-21-35090961-67
Fax: +92-21-35090968
Email: omer.iftikhar@iobm.edu.pk, mec@iobm.edu.pk
Website: https://www.iobm.edu.pk/

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UCMD’s alumni guide fellow students on aligning their career trajectory 

Lahore, December 22, 2022 (PPI-OT):The contemporary trends in the medical training dictate that the medical schools around the globe focus on the essential medical knowledge, attitude, practical skills, guidance and counselling of their learners on career choices. In this regard, the University College of Medicine and Dentistry (UCMD) assists its medical students in choosing suitable majors and in aligning the direction of their careers.

UCMD recently organised an online webinar on “career counselling,” in which four well-placed of its alumni, namely Dr Aqib Javed, Dr Ayesha Hashmi, Dr M. Usman Ali, and Dr Nadia Aslam, shared their professional experiences with the continuing students and responded to their multiple questions about field dynamics. The webinar was organised by Prof Dr Samina Malik (HoD, Physiology, Chairperson of the Career Counselling Cell, and Student Wellbeing Committee.

Dr Javed, a graduate of 2016 and now an internal medicine trainee at University Hospitals Dorset NHS Foundation Trust, England, informed the students about the Professional and Linguistic Assessments Board (PLAB) and UK residency pathway. He also explained how he bagged extra points in the competitive job market after doing quality control and audit programmes at his house job.

He differentiated between the United Kingdom Medical Licensing Assessment (UKMLE) and PLAB, stating the implication of UKMLE in 2024, and guided the students to take the PLAB 1 exam soon after their MBBS or during their house job. He also praised Dr Sikander Afzal (Associate Dean, UCMD) for his efforts to mentor young doctors at the University of Lahore Teaching Hospital (ULTH).

Dr Hashmi (a graduate of 2021 and pursuing postdoctoral studies in the USA since January 2022), Dr Ali (a Nephrology and Critical Care Medicine Fellow at the University of Toledo), and Dr Aslam (currently working as an academic hospitalist at Saint Medical Centre Toledo, Ohio) discussed the USMLE pathways, the importance of research, letters of recommendation (LOR), and electives.

They highlighted the differences in requirements between internal medicine, neurosurgery, and OB-GYN. To get better LORs, they advised students to reach out to different professors, shadow them, do externships, and keep their professional game on point. Prof Dr Shahid Mahmud Malik (Pro-Rector, Health Sciences) appreciated UCMD for arranging the webinar and pledged his utmost support for the conduction of similar events in the future.

For more information, contact:
The University of Lahore
1 – KM Defence Road, Lahore, Pakistan
Tel: +92-42-111-865-865, +92-42-35322501 +92-42-35321761
Email: info@uol.edu.pk
Website: www.uol.edu.pk

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Sindh University’s Pakistan Study Centre establishes first ever ‘QC Library’ in Hyderabad Juvenile Prison 

Jamshoro, December 22, 2022 (PPI-OT):The Pakistan Study Center of Sindh University Jamshoro has established the first ever “Quiet Crime Library” (QCL) in the Juvenile Jail of Hyderabad here on Thursday. The purpose of establishment of QCL is to provide reading facilities to the incarcerated adolescent for their welfare and divert their attention towards criminal activities.

According to a statement issued by the Director SU’s Pakistan Study Center Dr. Shuja Ahmed Mahesar, various books have been kept in the Quiet Crime Library in the juvenile prison of Hyderabad in a bid to provide an opportunity to the prisoners to read the books, seek knowledge and get education.

The young prisoners could quit the habits of crime in future and they will be able to become useful members of the society after being released from prison. Quiet Crime Library in Juvenile prison Hyderabad was inaugurated by Pakistan Study Center Director Professor Dr. Shuja Ahmed Mahesar and the Inspector General Sindh Jails Kazi Nazir Ahmed at a ceremony held in this regard.

Speaking on the occasion, Dr. Mahesar said that by providing educational opportunities in prison, the increasing crime could be lessened to a great extent in the society and the criminal minded broods will adopt good behaviour and stay away from the world of felony.

He said that the establishment of QC library will help the imprisoned youth suffering from mental disorders, psychological tribulations and depression out of these problems, adding that such corrective methods will prove to be more effective than violent techniques for the elimination of crimes.

He said the rehabilitation of the confined adolescents in the society will be possible in a dignified manner only by imparting them education and art. Emphasizing on the reforms of the prison culture, he said that there should be a suitable arrangement for the socialization for the criminal youth at the time of coming out of the prison after undergoing their punishments.

Dr Mahesar said that the released persons from prison could be prevented from going back to the same criminal world only if there might be well-regarded space for them in the society. IG Sindh Prisons Kazi Nazir Ahmed said that the setup of a library for the Juvenile Prison by the University of Sindh was really a noble cause, which will bring about a gigantic change in the lives of the prisoners.

He said the QCL would have far-reaching results in the lives of young prisons in the days to come. He said that every class of society should play a role for the best future of the youth imprisoned in jails as Sindh University took an initiative, which he said was commendable. On the occasion, the Superintendent of Children’s Jail Syed Naseem Ali and many others were also present.

For more information, contact:
Director
Centre for Pure and Applied Geology
University of Sindh
University of Sindh, Jamshoro, Pakistan
Tel: +92-22-9213167
Cell: +92-300-9375193
E-mail: shsolangi@usindh.edu.pk
Website: www.usindh.edu.pk