Quantifind opens Sydney office to expand in Asia-Pacific

Quantifind has opened its first Asia-Pacific office in Sydney and appointed Qing Liu as General Manager, Asia Pacific, establishing its first permanent base in the region.

It has also named Stephen Ngo Head of Solution Delivery and Elizabeth Luu Senior Customer Success Manager as it builds a regional leadership team to support financial institutions in Australia and the wider Asia-Pacific market.

The Sydney launch is part of Quantifind's broader international expansion following a USD $200 million growth investment led by Summit Partners, with participation from Citi Ventures, S&P Global, Deloitte and Stephens Group. The funding identified Asia-Pacific, Europe and the Americas as strategic priorities.

Quantifind expanded in response to rising demand across Asia-Pacific. A local presence will allow it to provide closer support to financial institutions in Australia while using Sydney as a base for broader regional growth.

Regional focus

Quantifind operates in the market for financial crime and risk intelligence tools used by banks, compliance teams and public sector agencies. It says institutions in the region are under growing pressure as regulators increase scrutiny of sanctions evasion, scams, mule networks, cross-border payments, customer due diligence and complex ownership structures.

At the same time, banks and other institutions face a heavier operational burden as compliance teams process larger volumes of alerts and risk signals. Quantifind says older rules-based and keyword-based systems often generate high numbers of false positives, adding to workloads and creating friction for customers.

Liu joins after more than 12 years at Moody's, where she most recently served as Asia-Pacific Head of Solution Specialists and Industry Practise Leads. Her background includes anti-money laundering and counter-terrorism financing, know your customer processes, sanctions screening, third-party risk management and Australian regulatory frameworks.

She was also named Compliance Leader of the Year at the 2024 Women in Banking and Finance Awards.

Ngo will oversee implementation and technical delivery across the region, while Luu will focus on customer support for institutions in Australia and the broader Asia-Pacific market.

Market pressure

The expansion comes as financial institutions across the region review how they detect and assess financial crime risks. Many are trying to improve the quality of investigations while reducing the number of unnecessary alerts sent to analysts and case teams.

Quantifind says its customer base includes six of the world's 10 largest Tier 1 financial institutions, and that its systems are used by tens of thousands of financial crime, compliance and national security professionals globally.

The company also cited an independent economic analysis by Celent, which found that a Tier 1 bank deploying its Graphyte system across know your customer and sanctions screening could cut annual alert-processing costs by as much as USD $177.9 million.

Liu outlined the case for a regional operation in Sydney.

"Financial crime teams are not short of alerts. They are short of time, and they increasingly need to defend every decision they make. The opportunity for AI is not simply to automate existing processes, but to dramatically improve the precision of the intelligence behind those decisions. With a team on the ground, we can combine Quantifind's global technology with the regulatory, market and customer context specific to Asia-Pacific," said Qing Liu, General Manager, Asia Pacific, Quantifind.