NEW YORK & TORONTO--(BUSINESS WIRE)--EXIGER, the global regulatory and financial crime, risk and compliance firm, and OutsideIQ, a developer of risk-focused, artificial intelligence technologies, have announced the launch of DDIQ (Due Diligence IQ), an industry-first, automated due diligence solution for AML, fraud investigations, third party vendor screening, anti-bribery, and anti-corruption compliance.
DDIQ will be debuted at the ACAMS moneylaundering.com 20th Annual International Anti-Money Laundering (AML) and Financial Crime Conference. Both EXIGER and OutsideIQ will be demonstrating the new solution at the Exiger booth at the conference, which will take place from March 16-18, 2015 in Hollywood, Florida.
“DDIQ raises the bar for what is possible in due diligence investigations, even when organizations are faced with limited time and resources,” said Dan Adamson, CEO and founder of OutsideIQ, “We are tremendously excited to partner with EXIGER to bring DDIQ to market.”
DDIQ combines breakthrough artificial intelligence with deep knowledge of the compliance needs of financial institutions and multinational corporations to automate a labor-intensive process. Designed to streamline and improve the accuracy of comprehensive background searches, DDIQ is an automated solution which searches regulatory databases, open web and premium structured content, following the same investigative process as human researchers. Capable of producing a complete profile of corporate and individual subjects in just minutes, DDIQ allows compliance professionals to focus their energy on higher-value activities such as subjective risk assessment and reports of summary findings.
“The central challenge for all financial institutions and multinational corporations operating in heavily regulated environments is to develop cost-effective, sustainable compliance programs that provide a complete picture of risk,” said Michael Beber, EXIGER CEO. “With DDIQ, we are bringing the marketplace a major innovation in background investigations that allows compliance teams to conduct more comprehensive searches faster and more effectively than ever before.”
Find out more at DDIQ.com
In addition to unveiling DDIQ at the ACAMS show, EXIGER will also be celebrating the 15th anniversary of EXIGER Diligence (formerly HedgeCheck) and launching its EXIGER Advisory division, which delivers sustainable governance, risk management and regulatory compliance consulting services to regulated financial institutions and corporations. Visit EXIGER at Booth 115.
OutsideIQ has developed an innovative search platform that answers and solves complex questions and problems focused on risk. Founded by a former Microsoft search technology strategist, OutsideIQ's staff of data scientists, big data professionals and software engineers have developed this proprietary search technology with artificial intelligence (AI). OutsideIQ has now partnered with EXIGER to focus its technology expertise on addressing the challenges of due diligence. OutsideIQ is based out of Toronto. Find out more at www.outsideiq.com
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 around the world. 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 and Hong Kong. For more information, please visit: www.EXIGER.com