Exiger’s DDIQ Wins RegTech Solution of the Year for Second Time

Thursday, November 21, 2019

Canadian FinTech and AI Awards Recognize Exiger as Innovation Leader 

NEW YORK / TORONTO (21 November 2019)  Exiger, the global leader in tech-enabled financial crime, risk and compliance solutions, has won the 2019 Canadian FinTech and AI Award for RegTech Solution of the Year. Exiger was recognized as the leader in the development and deployment of innovative artificial intelligence (AI) powered solutions for financial institutions, multinational corporations and government agencies.

“We’re thrilled to win this award distinguishing Exiger for its role in advancing industry-leading solutions that help our clients drive more sustainable compliance in a complex and rapidly evolving business and regulatory landscape,” said Alex Ceponkus, Global Head of Software Engineering at Exiger.

The RegTech Solution of the Year distinction is awarded to the company that best demonstrates a material impact on regulatory compliance through technology and responsible innovation. For the second time, Judges selected Exiger’s DDIQ, the AI-powered automated due diligence and investigative platform.

"The Digital Finance Institute’s Awards recognize innovators in financial services and AI who are helping to promote Canada as a leading hub for technology innovation and research," said Ellis Odynn, Executive Director of Digital Finance Institute.

Built with proprietary AI technology and trained by former compliance practitioners, DDIQ is transforming how some of the world’s largest organizations tackle their biggest compliance challenges by using AI to read, understand and analyze content with the same approach and cognitive reasoning as an industry expert. The technology dramatically reduces false positives and allows human reviewers to focus on only the most relevant and analytical tasks.

“Over the past six years, Exiger has continuously invested in the people and capabilities needed to build and implement truly transformative technology. Receiving this award for the second time is a validation of our team’s consistent efforts to provide clients with the most efficient and effective solutions available in the market,” said Michael Cherkasky, Exiger Executive Chairman.


The winners were announced at an Awards Gala on November 18, 2019, at the Royal York Hotel, with judges from leading organizations including Credit Suisse, the World Bank, Rolls-Royce, NASA, Lloyd’s Bank, Amazon, Standard Chartered Bank, Airbnb, Hulu, Google, Cineplex, and LG Electronics.

This is the third global award Exiger has received in recent months. In September, the company won the 2019 Central Banking FinTech & RegTech Global Award in the Anti-Money Laundering Technology (AML) Provider category. Earlier this month, Exiger won in the Best Solution Provider category for AML/Counter Terrorist Financing (CTF) compliance at the 2019 Regulation Asia Awards for Excellence.


The Exiger team receives the award for Best RegTech Solution of the Year.

Exiger's Global Head of Software Engineering Alex Ceponkus accepts the award for Best RegTech Solution of the Year.

Exiger Team after the awards ceremonyMembers of the Exiger Team celebrate their win after the ceremony.

The Canadian FinTech AwardThe Canadian FinTech Award for Best RegTech Solution of the Year.



About Exiger

Exiger is the global authority on financial crime and risk compliance introducing technology-enabled solutions to the market’s biggest compliance challenges. Exiger is changing the way banks, corporations and governmental agencies fight financial crime by combining industry expertise and artificial intelligence to root out bribery, corruption, sanctions violations, money laundering and terrorist financing. In recognition of the growing volume and complexity of data and regulations, Exiger is committed to working with clients to create a more sustainable compliance environment through its holistic and innovative approach to problem solving.  Powering its Advisory, Diligence and Government Services solutions, Exiger has developed purpose-built technology –– DDIQ and Insight 3PM –– trained and deployed by its subject matter experts to accelerate the auditability, efficiency, quality and cost effectiveness of clients’ compliance operations. Exiger operates in six countries and eight cities around the world, including London, New York City, the Washington, D.C. metro area, Toronto, Vancouver, Bucharest, Hong Kong and Singapore.


About the Digital Finance Institute

The Digital Finance Institute is a think tank for financial technology, AI, law and innovation with three foundational pillars – financial inclusion, responsible innovation and supporting women in FinTech. Today, the Institute is run by Millennials, which we believe provides an important voice for leading Canada’s digital economy forward inclusively.

For the full list of Award winners, please visit http://www.fintechawards.org/winners/.

For more information, please contact info@digitalfinanceinstitute.org.




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Alex Ceponkus, Global Head, Software Engineering

Alex is the Global Head of Software Engineering, based in Exiger’s Toronto office. He leads Exiger’s software engineering efforts, driving innovation, scale and delivery for our disruptive Artificial Intelligence (AI) powered technology solutions.

He brings over 20 years’ experience in software engineering to Exiger, having overseen the scaling up of high-performance engineering organizations, including for the BBM messaging service. Alex directly contributed to numerous patented innovations in the mobile wireless communication field.

Michael Cherkasky, Executive Chairman and Head of Exiger Government Services

Mike is the Executive Chairman of Exiger and has acted on behalf of DOJ, the FCA, and FRB in oversight of a major international bank. A pioneering figure in the world of financial crime, fraud, corruption and money laundering enforcement and compliance, Mike has held senior leadership roles with some of the most esteemed law enforcement agencies and multinational corporations in the world. He is responsible for the day-to-day operations of the company’s ongoing engagement with financial institutions and multinational corporations to implement sustainable, global compliance programs. He co-founded Exiger with President and CEO Michael Beber and serves on its Board of Directors.