Exiger, a global regulatory and financial crime, risk and compliance firm, recently announced a partnership with professional services firm KPMG in the U.K. to help enrich and streamline compliance solutions for its global corporate and financial institution clients.
KPMG will enhance Exiger’s artificial intelligence technology by embedding a branded, custom version of the DDIQ platform into its systems to help financial institutions and corporations to harness the power of machine-learning and natural language processing to accelerate and enhance critical Know Your Customer (KYC), due diligence, and reputational risk-management processes.
KPMG will be the only Big Four firm with access to the technology and will be a key collaborator with Exiger to continually enhance the DDIQ to benefit the market. The multi-year partnership will enhance KPMG’s offerings across financial crime, KYC, anti-bribery and anti-corruption (ABAC), and reputational risk management.
KPMG will use DDIQ tools for transaction alert clearing, and corporate intelligence and as part of the anti-money laundering checks that it does with clients as part the firm’s client acceptance and continuance process. Insight 3PM, Exiger’s third-party risk management platform will become a critical component of the firm’s, and its clients’, third-party and ABAC risk management process.
KPMG’s adoption and integration of Exiger’s solutions, demonstrates the power of Exiger’s technology to transform governance, risk and compliance management for financial institutions and corporations.