Case Study: Europe’s Fastest Growing Fintech Company accelerates KYC remediation and high-risk client screening with Exiger

Global FinTech Requests a Client KYC Refresh

A European fintech company faced urgent regulatory pressure to remediate its enhanced due diligence (EDD) files for high-risk clients within a short timeframe. Its existing screening solutions were also providing incomplete coverage. To meet this challenge, the company engaged Exiger to provide subject matter expertise and technology to accelerate the file review process.

Exiger quickly deployed a large team to conduct EDD remediation and screen approximately 20,000 associated parties, standing up its process and technology within days. This allowed the client to accelerate its remediation process. Exiger helped implement a new methodology that uplifted standards for file completeness and data quality, while providing detailed management information that assisted in discussions with regulators.