Quantexa opens new headquarters in Singapore in the APAC region to capitalize on the waves of future growth.

Nation government to invest up to SGD500 million in artificial intelligence (AI) research and development.

The Southeast Asian economic forecasts predict that the region will remain one of the fastest growing for many years to come. In addition, Quantexa has seen a marked increase in demand for its solutions in the region over the past 12 months, as local banks and government agencies are increasingly focused on detecting and preventing financial crime, with large-scale money laundering operations in the region increasing significantly, with damages to foreign victims reaching billions of dollars. Recently, Singaporean authorities have taken measures to make financial institutions more''closely monitored government-managed cash flows with an estimated value of $4 trillion.

The regional headquarters of Quantexa will provide sales, marketing, product management and professional services to support the implementation of its Decision Intelligence platform in the banking, insurance and telecommunications industries, as well as the public sector.

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The opening comes after Quantexa successfully completed a Series E funding round that invested more than $1.8 billion in the company and announced a $155 million investment to advance the global development of artificial intelligence.

Today, Quantexa will hold an event featuring local''Technology Innovation and Partnerships at the National Museum of Singapore. Quantexa CEO Vishal Marria will participate in a panel discussion on 'Opening New Pathways for Artificial Intelligence Innovation' along with representatives from GIC, Digital and Intelligence Service Singapore and Standard Chartered Bank.

Vishal Marria said Quantexa continues to grow strongly in Asia Pacific and the new regional headquarters in Singapore will help the company accelerate its growth plans and strengthen ties with customers and partners in the region.

Representatives from GIC, Digital and Intelligence Service and Standard Chartered Bank also expressed their support and confidence in Quantexa's growth potential.

In addition to Singapore, Quantexa already has offices in London, Dublin, Brussels, Malaga,'''UAE, New York, Boston, Toronto, Sydney, Melbourne and Tokyo.

When it comes to job openings, the company is actively recruiting for its Asia Pacific division. More information about the vacancies can be found on Quantexa's official website.