Detection Packs 0.3 Release
We are excited to announce the release of version 0.3 of Detection Packs. This is the third major release of Detection Packs and builds on the 0.2 version which introduced our low-code interface. For full details of the release, including compatible Quantexa Platform versions and minor enhancements, please see the Quantexa Documentation site. Expanded Score Coverage This release focuses on the expansion of our score coverage and general maturing of the product, with no significant changes to the interface, enabling those projects already using 0.2 to upgrade to 0.3 easily. 2 new transaction score pipelines were added, each with 4 score types such as “Transaction with Different Currencies” and “Transaction in Listed Jurisdiction”. 5 new Entity Record score types have been added, such as “Highly Connected Entity” and “Entity With Listed Type”. 5 new Entity Network score types have also been added, such as “Entity With Indirect Relation To Listed Jurisdiction” and “Entity Linked To Entity With Listed Status”. In total, the Fincrime Detection Pack now contains 26 pre-written configurable, re-usable, and extensible Score types which can be combined to produce a total of 56 Scores. For the full documentation on these please see our technical documentation. These new scores, in addition to those already in the Fincrime Detection pack, can be extended further to meet project-specific needs by utilizing the customization options documented on the Quantexa Documentation Site. The collection of supporting Reference Scores has continued to expand even as several have been adopted into this Detection Packs release. As a reminder, Reference Scores are pre-written Scores created in conjunction with our users to provide additional Scores over and above the core Detection Pack for FinCrime. They also cover additional use cases outside of FinCrime, and the catalogue currently contains over 50 further scores. Recent updates to the Reference Scores include a new correspondent banking use-case, and updates to transaction scores such as ‘Transaction With Mirrored Trading’ and ''Transaction in High Proportion of Low Value Security”. Simplified User Experience In addition to the expanded scoring options available, the Detection Packs user experience has been simplified by reducing the amount and complexity of configuration required for your project. In v0.2 of Detection Packs, projects which only wished to use a subset of supported scores were still required to setup all of their data mappings. From v0.3 this is simpler with various configuration options no longer required if not utilised. Coming soon to Detection Packs We are currently targeting mid 2024 for the 0.4 release of Detection Packs, with lots of exciting new features. Here are some of the planned features our users can look forward to in this release and beyond: Adoption of many more Reference Scores into officially supported, configuration-driven Detection Packs Scores Simplified graph-scripting support Dynamic pipeline generation Additional use case support, such as an Entity-level detection model Improved out-of-the-box testing and tooling Multi-typology and Multi-product Scorecard support Score versioning and seamless upgrade support
