This news comes as Ray O’Brien, Global Risk Chief Operating Officer at HSBC steps down from Quantexa’s board.

Following his recent move from Group Chief Compliance Officer to Chief Executive Officer at HSBC Bank plc and HSBC Europe, Colin Bell joins Quantexa with more than a decade of experience in managing risk and financial crime compliance at UBS Investment Bank, after 16 years in the British Army. Bell’s extensive knowledge and expertise in financial services and public sectors will support Quantexa’s global expansion and accelerate data-driven transformation in its core markets.

Having recently raised $65m in Series C funding and achieved 100% growth in revenue despite the pandemic, Quantexa’s software creates a contextual data foundation and provides a single view of data and networks to enable analytics for trusted enterprise decision-making across the customer lifecycle. Quantexa now serves more than 70 countries and was recognized as one of the UK’s fastest growing technology companies in the Sunday Times Tech Track.

Discussing the appointment, Vishal Marria, CEO of Quantexa said, “We’re delighted to welcome Colin to Quantexa’s board of directors at such an exciting time for the company. Colin’s wealth of experience will help Quantexa continue to excel and meet the high market demand for enterprise technology that drives better decisions and delivers business value.”

Colin commented: “Quantexa’s Contextual Decision Intelligence platform brings undeniable value to its customers when tackling data challenges and building customer context for use cases across data management, risk and compliance, and customer intelligence. At HSBC, we have been working directly with Quantexa to develop an AI solution which will help us to better identify financial crime. I’m looking forward to joining Quantexa’s board at a pivotal moment in the company's growth and sharing my experience in the ever-evolving and challenging financial services and public sectors.”