Exiger Announces Capgemini Will Acquire its FCC Advisory Division ...
SaaS company Exiger has signed an agreement to sell its Financial Crime Compliance (FCC) division to business and technology transformation services company Capgemini. The transaction is expected to close in the coming months. Exiger's FCC division specializes in anti-money laundering, Know Your Customer (KYC), anti-bribery & corruption, and fraud services. The sale allows Exiger to focus on its core third-party risk and supply chain management technology business. Capgemini's CEO of Financial Services, Anirban Bose, believes the acquisition will help address growing client demand for data-driven, technology-enabled FCC solutions.
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Frequently Asked Questions
1. What is the news about?
Exiger has announced that Capgemini is set to acquire its FCC (Financial Crime Compliance) advisory division. This acquisition will enable Capgemini to enhance its capabilities in financial crime compliance advisory, analytics, and managed services.
2. Why did Capgemini decide to acquire Exiger's FCC division?
Capgemini aims to expand its capabilities in financial crime compliance advisory, analytics, and managed services. Acquiring Exiger's FCC division aligns with Capgemini's strategic goals.
3. How does this acquisition benefit Exiger?
Exiger is focusing on scaling its third-party risk and supply chain management technology business. The acquisition of its FCC division by Capgemini supports Exiger's growth strategy.
4. Have both companies confirmed this acquisition?
Yes, both Capgemini and Exiger have signed and announced the acquisition agreement.
5. Where can I find more information about this announcement?
You can refer to the following links:
- Capgemini to acquire FCC division of Exiger, to expand its Financial Crime Compliance advisory, analytics, and managed services capabilities (source: Capgemini news)
- Exiger Announces Capgemini Will Acquire its FCC Advisory Division as Exiger Continues to Accelerate and Focus the Scaling of its Third Party Risk and Supply Chain Management Technology Business (source: PR Newswire)
- Capgemini Set to Acquire Exiger's Financial Crime Compliance Division (source: ChannelE2E)