NEW YORK--(BUSINESS WIRE)--Exiger, the global regulatory and financial crime, risk and compliance firm, will launch Exiger Insight for Anti-Bribery and Corruption (ABC) compliance, its new third party due diligence platform, at the American Conference Institute’s 32nd International Conference on the Foreign Corrupt Practices Act.
Leveraging breakthrough cognitive computing technology, Exiger Insight for ABC delivers a complete third-party risk screening and monitoring solution designed to streamline the risk identification and reporting process. Unlike existing third-party risk platforms, which rely on cumbersome database integrations and costly, manual red flag reports, Exiger Insight for ABC is built on the groundbreaking DDIQ (Due Diligence IQ) technology, the industry’s first cognitive computing-based automated due diligence solution. This technology allows Exiger Insight for ABC to provide near real-time, accurate, and de-duplicated subject risk profiles, helping multinational corporations better manage global relationships with suppliers, vendors, sales agents, and counterparties.
“The risk posed to multinational corporations through their relationships with third party vendors, partners, and contractors is a very real threat in this era of heightened regulatory scrutiny,” said Michael Beber, President & CEO of Exiger. “The major challenge for compliance professionals operating in this environment is to develop cost-effective, sustainable compliance programs that provide a complete picture of risk in the face of anti-corruption laws such as the US Foreign Corrupt Practices Act and the UK Bribery Act. Exiger Insight for ABC provides that solution.”
Exiger Insight for ABC simplifies third party risk screening by giving compliance professionals a flexible way to solicit third party information in a friendly format, available in multiple native languages. Following the information onboarding process, the platform layers survey data with due diligence information sourced through DDIQ and Exiger Diligence, resulting in the Exiger defined “Insight Score”. A more accurate and rigorous approach to vendor segmentation than anything else on the market, the Insight Score is based on real due diligence uncovered by DDIQ. Escalation functionality streamlines and simplifies requests for a deeper level of due diligence through the platform’s secure order and case management system, affording clients the appropriate level of information required to thoroughly assess a relationship.
The American Conference Institute’s 32nd International Conference on the Foreign Corrupt Practices Act is taking place November 16-19, 2015 at the Gaylord National Resort and Convention center. Exiger is a proud sponsor and will be exhibiting, please stop by our booth #208 for live demonstrations of Exiger Insight.
More information on Exiger and its professionals is available at www.Exiger.com.
About Exiger
Exiger is a global regulatory and financial crime, risk and compliance firm. Exiger arms financial institutions and multinational corporations with the practical advice and solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger was initially launched to lead the court-appointed monitorship of HSBC – the largest, most comprehensive monitorship to date. Exiger works with regulators in the US, UK and around the world to evaluate the effectiveness of HSBC’s money-laundering and sanctions compliance controls across its 6,300 offices in 75 countries. In addition to its monitorship work, Exiger works with clients worldwide to assist them in effectively managing their critical compliance challenges while developing and implementing the policies, procedures and programs needed to identify and avoid them in the future. Exiger has offices in New York City, Silver Spring, London, Hong Kong and Toronto. For more information, please visit: www.Exiger.com.
