Vanquis Bank has today announced a ground-breaking partnership with SQA Consulting to help combat financial crime.

By introducing an Elimination Algorithm, UK credit card provider Vanquis, part of the Provident Financial Group, plans to reduce its manual processes and increase efficiency, whilst saving huge amounts of time previously spent processing false-positive alerts.

Following compliance testing and a successful trial period, Vanquis plans to integrate the algorithm into its existing FinCrime infrastructure.

The ‘Alert Eliminator’ is a piece of software that takes the output of a screening engine and performs an advanced triage operation on the matches that have been generated.

This off-line alert decisioning tool automates the normal process that a manual investigator performs when looking at Sanctions, PEPs and Adverse Media alerts.  This reduces the burden on human resources and eliminates cost whilst improving efficiency where large amounts of alerts have been created.  As a result, thousands of alerts can be dispositioned within just a few minutes instead of taking days and hours.

Chief Risk Officer at Vanquis Bank, David Poole, said: “Financial crime poses serious economic and social problems and it can have a devastating impact on a consumer.  At Vanquis we are committed to ensuring that our financial crime controls are the best in the industry.  We are therefore proud to work with a partner like SQA that shares our vision for eradicating financial crime through innovation.

“The investment that Vanquis has made in fighting financial crime covers a huge spectrum of activities.  This collaboration delivers leading-technology for the automated management of financial crime alerts.  We believe that making the best use of technology is the key to increasing the effectiveness and efficiency of our controls, especially in the handling of screening alerts.”

Jeremy Round, Managing Director at SQA Consulting, added: “Our collaboration with Vanquis has demonstrated that automated alert remediation, whilst being very efficient, can also be highly effective, creating decisions based upon many factors and a holistic view typical of a manual review approach.  Vanquis’ dedication to this project is an example of their commitment to ongoing improvement as well as helping to drive real innovation across the industry.”


To find out more about Vanquis visit:

To find out more about SQA Consulting visit:




For more information please contact:

Cam Ives at Third City –

Tel: 07935 006 840


About Vanquis

Vanquis is a credit card provider offering responsible and reliable access to credit for people who want to improve their credit profile or recover their financial health. With online servicing via our award-winning app, Vanquis empower customers to take control of their finances and manage life better, helping them on their journey to improved financial wellbeing.

To date, Vanquis has accepted over 4 million customers who want to improve their credit score.

Established in 2002, Vanquis is a subsidiary of Provident Financial Group. For more information visit: 


About SQA

SQA Consulting is a business and technology transformation company with a specialist division for combating financial crime. SQA have helped over 50 financial institutions since 2005 to develop their screening capabilities in every corner of the globe, from the biggest global brands to the smallest. The SQA motto “bridging the gap between business and IT”, is something we find as relevant today as when we started.

For more information visit