Case Study: a global european-based financial institution achieves faster, more accurate due diligence with Exiger DDIQ and OpenCorporates

A global European-based financial institution operating in 67 countries adopted DDIQ for global account onboarding in its investment bank

Exiger, working with a global European-based financial institution, needed a faster and more reliable way to verify prospective customers during due diligence. The institution’s challenge was to reduce the manual effort involved in gathering company information while improving the accuracy of initial entity verification. Exiger’s DDIQ platform was used to automate this process, with OpenCorporates’ global company data feeding the workflow.

Exiger integrated OpenCorporates via API into DDIQ so users could verify people and companies against high-quality, multi-jurisdictional, provenance-rich company records. The result was better risk identification at scale, with over one million due diligence reports supported in part by OpenCorporates’ data and more than 80% fewer false positives later in the process. Exiger also helped create a more sustainable, efficient due diligence approach that let researchers focus on analyzing corruption, financial crime, and other integrity risks.