Capgemini, a business and technology transformation services company, acquired the Financial Crime Compliance (FCC) division of Exiger, a New York-based SaaS company working for corporations, government agencies and banks supply chains.
The transaction is due to close in the coming months and its amount was undisclosed.
With the acquisition, Capgemini will expand its offerings. Commenting on the news, Anirban Bose, CEO of Capgemini, said: “Financial crime compliance requirements are evolving at pace so financial institutions are looking to adopt data driven, technology enabled solutions to support their end-to-end FCC transformation. The deep domain expertise of the FCC Division of Exiger will help us to further address growing client demand for these services. I am delighted to welcome them to our team.”
Founded in 2013, the FCC division of Exiger comprises a team of experts with offices in North America, EMEA and APAC. This team specializes in advisory, analytics and managed services relating to anti-money laundering, Know Your Customer (KYC), anti-bribery & corruption, suspicious activity monitoring, sanctions, transaction monitoring, and fraud. Exiger’s client roster is complementary to Capgemini’s and includes major players in banking, capital markets and fintechs.
Exiger CEO Brandon Daniels added: “Capgemini’s acquisition allows us to focus on our core third-party risk and supply chain management technology business, reinforcing our strength, market leadership and accelerated growth. As we continue to invest in cutting edge AI solutions for our customers across the public and private sectors, we’re thrilled that our market-leading advisory team will be able to continue the next leg of their growth journey with such a distinct leader in their space.”
Exiger enables corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger specializes in ESG, cyber, financial crime, third-party and supply chain management, serving 550 customers across the globe, including 150 in the Fortune 500 and over 50 government agencies.
FinSMEs
12/09/2023