London fintech Quantexa has strengthened its board with the appointment of HSBC Bank and HBSC Europe CEO Colin Bell.
He will join the board of directors with immediate effect, replacing Ray O’Brien, global risk chief operating officer at HSBC, who steps down from the board of directors.
Quantexa is a data and analytics software company with a machine learning platform called Contextual Decision Intelligence, which helps to solve challenges around data management, financial crime, customer intelligence, credit risk and fraud.
Bell has more than a decade of experience in managing risk and financial crime compliance at UBS Investment Bank, prior to which he was in the British Army for 16 years.
Vishal Marria, CEO of Quantexa, said: “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.”
“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,” said Bell.
“At HSBC, we have been working directly with Quantexa to develop an AI solution which will help us to better identify financial crime.”
He added that he was joining Quantexa’s board at a “pivotal moment” in the company’s growth.
The company recently raised $65 million in a Series C financing.