In the report titled The ALM Vanguard – Financial Crimes Consulting, ALM Intelligence notes, “Exiger consultants bring their real life experience as seasoned compliance veterans in developing practical solutions that accommodate the operational, resource, and technology challenges commonly faced by clients.”
The ALM report evaluates financial crime compliance consulting service providers based on their depth of capabilities, including factors such as resources, proprietary methodologies, and intellectual properties; breadth, including range of industry and geographic expertise; and client impact, which measures each provider’s capacity to produce tangible results for clients.
Exiger was awarded the top ranking of ‘very strong’ in all three categories, recognized for its ‘deeply nuanced approach to financial crimes consulting’ and its deployment of both seasoned compliance professionals and cutting-edge technology. ALM writes: “The firm is building an arsenal, both organically and through acquisition, of big data, cognitive computing, and automation tools to provide clients with purpose-built due diligence, investigations, and transaction monitoring solutions that meet regulator expectations for measurable and auditable results.”
One of the fastest-growing global risk and compliance firms, Exiger has set itself apart from the competition by deploying a unique blend of breakthrough technology combined with experts in Financial Crime Compliance (FCC). The firm’s focus on creating sustainable compliance solutions for the world’s leading financial institutions and corporations has catalyzed the development of machine learning and natural language processing technologies that have revolutionized critical due diligence, investigative, and compliance functions. Exiger further solidified that commitment this year with the acquisition of OutsideIQ, the developers of DDIQ. DDIQ is an AI-based solution that accelerates and enhances risk assessment for both individuals and corporations related to clients, investments, transactions, third parties and counterparties and is used today by many of the world’s leading financial institutions and corporations.
“Exiger has made substantial investments into the DDIQ technology with the input of bank and corporate customers, and in-house FCC experts,” said Dan Adamson, President, DDIQ and Global Head of Cognitive Computing for Exiger. “We’ve coupled our technology with some of the top minds in financial crime compliance – a winning combination that has catapulted Exiger into the ‘Leader’ category of this segment.”
“We are thrilled to be recognized as a leader among this highly-competitive and well-respected field of financial crimes consulting specialists,” said Michael Beber, Exiger President & CEO. “Our strategy of pairing the absolute brightest minds in financial crime compliance with some of the most powerful investigative, due diligence and monitoring technology available has helped us quickly assert our influence in this space. We look forward to continuing to push the envelope to disrupt and differentiate through purpose-built technology that together with our industry-leading FCC expertise, drives sustainable compliance solutions for our clients.”
For more information on Exiger’s financial crimes consulting capabilities, please click here.
Exiger is a global regulatory and financial crime, risk and compliance company. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and technology solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger works with clients worldwide to assist them in effectively managing their critical challenges while developing and implementing the policies, procedures and programs needed to create a sustainable compliance environment. A global authority on regulatory compliance, the company also oversees some of the world’s most complex court-appointed and voluntary monitorships in the private and public sectors, including the monitorship of HSBC. Exiger has four principal business units being: Exiger Advisory; Exiger Diligence Exiger Government Services; and Exiger Tech, including AI-based automated due diligence solutions DDIQ and Insight 3PM. Exiger operates through offices in New York City, Silver Spring (DC Metro), Miami, Toronto, Vancouver, London, and Singapore.