Quantexa Selected by Insolvency Service to Combat Economic Crime

LONDON, Oct. 22, 2026 /CourierPR/ -- Quantexa, a global data, analytics, and AI software company, has been selected by the Insolvency Service to build a sovereign data and AI foundation to combat economic crime. This three-year contract, valued at an undisclosed amount, will unify the Insolvency Service’s data into a single, contextual view of people, companies, addresses, and transactions. The platform will enable investigators to tackle high-street cash-front money laundering, stop serial business phoenixing, and clear legacy COVID loan fraud cases.

Duncan Beach, Chief Executive of the Insolvency Service, expressed enthusiasm about the partnership.

The Insolvency Service will retain full control over its data, technology, and decisions. Explainable scoring and full audit trails will ensure transparency and accountability behind every insight generated by the platform. The Insolvency Service’s Director of Investigation and Enforcement Services, Dave Magrath, highlighted the importance of this technology.

The scale of the challenge is significant. More than £4 billion was lost to COVID support scheme fraud, and thousands of legacy loan cases remain to be worked through. Manual investigation alone would take years. Quantexa's platform adds a context layer and advanced automation to surface hidden connections and prioritize the highest-risk targets. Human investigators will remain in control to review insights, weigh context, and make every enforcement decision.

The partnership marks another step in Quantexa's growing momentum across the UK public sector. In May 2026, HM Revenue and Customs awarded Quantexa a £175 million, ten-year partnership to modernize its data foundation and enable sovereign, governed AI at national scale. Founded in 2016, Quantexa has over 850 employees and tens of thousands of users globally, working with billions of data points across the world.

This collaboration underscores the Insolvency Service's commitment to modernizing its operations and leveraging advanced technology to combat financial wrongdoing. By integrating fragmented data and providing a trusted, sovereign data and AI foundation, the Insolvency Service aims to enhance its investigative capabilities and protect the UK economy from economic crimes.