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Exiger Wins Highly Commended for AML/CTF Compliance Capabilities

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Exiger, the global leader in technology-enabled financial crime, risk and compliance solutions, was highly commended in the hotly-contested Best Solution category for Anti-Money Laundering (AML) / Counter Terrorist Financing (CTF) Compliance in the Regulation Asia Awards for Excellence 2019 at a ceremony in Singapore on 13 November 2019.

The company emerged as the winner after a rigorous selection process, involving a judging panel made up of subject-matter experts and the Regulation Asia editorial team.

“The judges highlighted Exiger’s ‘deep and strong due diligence’ solution, DDIQ, as a key differentiator for the firm,” said Brad Maclean, co-founder, Regulation Asia. “DDIQ stood out with industry leading capabilities that promise to drive enhanced efficacy, efficiency and compliance for its users.”

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DDIQ is an AI-based automated due diligence, screening and risk analysis platform that accelerates and enhances risk assessment relating to clients, investments, transactions, third parties and counterparties. DDIQ cuts down false positives and streamlines customer and third party due diligence, easing the burden of compliance on financial institutions and corporations by surfacing the critical risks that must be mitigated.

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“We’re excited and honored to receive this award recognizing Exiger’s contribution to help financial institutions achieve sustainable and effective regulatory compliance,” said Brandon Daniels, Exiger President of Global Technology Markets. “As compliance and investigations become increasingly complex and burdensome across the regulatory landscape – from financial institutions to corporations and even government entities – Exiger is committed to continuing to invest in the subject matter expertise and cutting-edge technology required to deliver transformative solutions.”

Exiger’s technology involves the use of machine learning, natural language processing and intelligent automation to identify high-risk indicators, in over 30 languages, with greater accuracy and maximum coverage. All steps in the process are also documented in a transparent, explainable and auditable way to meet the requirements of regulators and compliance departments.

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