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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

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WASHINGTON, Sept. 8, 2023 /PRNewswire/ — Exiger, the SaaS company revolutionizing the way corporations, government agencies and banks manage supply chains, today announced that it has signed an agreement with Capgemini, a leading business and technology transformation services company, for the sale of its market-leading Financial Crime Compliance (FCC) division. The transaction is due to close in the coming months.

This comes at a time when Exiger is experiencing accelerated growth and penetration in the third-party risk and supply chain management software market.

Founded in 2013, the FCC division of Exiger comprises a team of experts with offices in North America, EMEA and APAC. This team specializes in advisory, analytics and managed services relating to anti-money laundering, Know Your Customer (KYC), anti-bribery & corruption, suspicious activity monitoring, sanctions, transaction monitoring, and fraud. Exiger’s client roster is highly complementary to Capgemini’s and includes major players in banking, capital markets and fintechs.

“This sale marks an enormous milestone in the evolution and growth of Exiger,” said Exiger CEO Brandon Daniels. “Capgemini’s acquisition allows us to focus on our core third-party risk and supply chain management technology business, reinforcing our strength, market leadership and accelerated growth. As we continue to invest in cutting edge AI solutions for our customers across the public and private sectors, we’re thrilled that our market-leading advisory team will be able to continue the next leg of their growth journey with such a distinct leader in their space.”

“Financial crime compliance requirements are evolving at pace so financial institutions are looking to adopt data driven, technology enabled solutions to support their end-to-end FCC transformation,” comments Anirban Bose, CEO of Capgemini’s Financial Services and Group Executive Board Member. “The deep domain expertise of the FCC Division of Exiger will help us to further address growing client demand for these services. I am delighted to welcome them to our team.”

TD Cowen served as exclusive financial advisor and Dechert LLP served as legal counsel to Exiger on the transaction.

About Exiger
Exiger is revolutionizing the way corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger’s mission is to make the world a safer and more transparent place to succeed. Emboldening its 550 customers across the globe, including 150 in the Fortune 500 and over 50 government agencies, with award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management. Its work has been recognized by 40+ AI, RegTech and Supply Chain partner awards.  Learn more at Exiger.com and follow Exiger on LinkedIn.

Contact:
Kody Gurfein
Chief Marketing Officer for Exiger
1.914.393.0398
kgurfein@exiger.com

Exiger CEO Brandon Daniels: “Capgemini’s acquisition allows us to focus on our core third-party risk and supply chain management technology business, reinforcing our strength, market leadership and accelerated growth. As we continue to invest in cutting edge AI solutions for our customers across the public and private sectors, we’re thrilled that our market-leading advisory team will be able to continue the next leg of their growth journey with such a distinct leader in their space.”

 

Exiger

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ZBD and Finfare partner to offer gamers cash rewards for their everyday purchases!

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Finfare Connect, a market-leading rewards platform empowering businesses to engage and retain customers through personalized offers, has announced an innovative collaboration with ZBD, a leading payments company at the forefront of digital economies.

Finfare Connect is a part of Finfare Inc., a thriving fintech company with offices in Irvine, California and London.

Through this strategic alliance, Finfare will provide ZBD users with access to affiliate, card-linked, and instant cashback offers, enabling them to earn Bitcoin through everyday purchases, above and beyond those already earned via the ZBD app.

Beginning today, ZBD users will have the option to link their payment card or multiple payment accounts to start automatically earning rewards while shopping online or at in-person stores. Card linking involves connecting a single payment card, while account linking occurs when a user connects multiple bank accounts to earn highly customized rewards.

In terms of rewards,  ZBD users who sign up for the program will have access to offers from thousands of well-known brands such as Nike, Adidas, Asics, Crocs, Tommy Hilfiger, Urban Outfitters, Cole Haan, Steve Madden; and popular retailers such as Nordstrom, Brookstone and Best Buy, among many others.

ZBD’s innovative app immerses users in a world of games and apps, allowing them to earn Bitcoin while enjoying diverse entertainment experiences.

Now, US-based ZBD users will be able to seamlessly earn Bitcoin through their everyday purchases simply by linking their payment accounts via the ZBD app. Then, they will automatically earn Bitcoin whenever they purchase an item that’s promoted by FinFare.

“We are thrilled to launch this exciting offering with ZBD,” said Alan Zrado, Executive Vice President, Finfare Connect. “Through this alliance, we are enhancing the way ZBD users engage with digital payments, offering them unparalleled opportunities to earn Bitcoin through their everyday transactions. This partnership also underscores our commitment to empowering businesses by providing their customers with compelling, customized, and valued rewards.”

“We are excited to join forces with Finfare Connect to give ZBD users greater value by giving them more ways to easily earn Bitcoin rewards,” said Ben Cousens, Chief Strategy Officer of ZBD. “By combining Finfare Connect’s expertise in personalized offers with ZBD’s cutting-edge payments technology, we are providing our users with a great way to earn Bitcoin by shopping as they  normally would anyway.”

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Personetics Hits Key Milestone: Empowering over 150 Million Monthly Users with 1.2 Billion Insights for Financial Well-Being

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Bank customers worldwide save $2.4 billion annually thanks to Personetics

NEW YORK, Oct. 23, 2024 /PRNewswire/ — Personetics, the global leader in AI-powered personalized engagement solutions for financial institutions, today announced a significant milestone in its growth and impact across its global user base. The company now empowers over 150 million active monthly banking customers with 1.2 billion monthly insights, illustrating data-driven personalization’s powerful role in improving financial wellness and decision-making.

Personetics serves more than 130 financial institutions worldwide, including 18 of the top 40 banks in North America. The company’s actionable, real-time financial insights have received an average rating of 4.6 out of 5 from customers, demonstrating their high value on personalized financial guidance. 

“We’re not just growing in numbers; we’re making a real difference in people’s financial lives,” said Udi Ziv, CEO of Personetics. “The key is using technology to transform raw transactional data into actionable insights that truly benefit both consumers and SMBs/SMEs. When banks present information to customers, it should help them understand their entire financial picture and offer clear steps to improve it. This perspective redefines the bank’s role, elevating it from a passive holder of wealth to an active architect of financial success.”

Given today’s tough economy, the impact of these insights on each family is significant: Consumers are saving an average of $2,400 per year.

Ziv added, “We are empowering people to make smarter financial choices. By leveraging advanced AI and analytical models, we’re democratizing financial advice—making it accessible to millions who may not otherwise have access to this level of guidance. This empowers customers and helps banks drive better financial outcomes for their customers.”

“The result is a win-win,” he continued. “Customers experience improved financial well-being, while banks see higher engagement, increased product adoption, and greater lifetime customer value. This symbiotic relationship drives mutual success and strengthens the bond between banks and their customers.”

“Our platform is turning banks into proactive financial allies,” Ziv explained. “By analyzing billions of transactions in real-time, we’re helping banks offer timely, relevant, and actionable advice that customers truly value. This directly supports our mission to empower financial institutions to maximize the value of every customer interaction through data-driven personalization.”

Personetics offers a comprehensive end-to-end platform that gives banks everything they need to enhance their client’s financial wellness, helping them make smarter decisions. The Personetics suite, including Personetics Engage, Enrich, Act, and Engagement Builder, covers the entire customer financial journey—from advanced Personal Financial Management and goal-based savings to automated financial journeys, data enrichment, and categorization for both retail and small business banking customers.

About Personetics:
Personetics is the global leader in financial data-driven personalization, enabling financial institutions to forge deeper relationships by enhancing clients’ financial wellness and helping them make smarter decisions. Personetics reaches 150 million customers across 35 global markets while serving more than 130 financial institutions. Personetics analyzes financial data in real-time to understand customer financial behavior, anticipate needs, and deliver a hyper-personalized experience with day-to-day actionable insights, personalized recommendations, product-based financial advice, and automated financial wellness programs. The company has offices in New York, London, Singapore, São Paulo, and Tel Aviv. For more information, visit https://personetics.com.

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Asia expects insolvency rise as China’s economy slows, Atradius survey reveals

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AMSTERDAM, Oct. 23, 2024 /PRNewswire/ — The 2024 edition of the Atradius Payment Practices Barometer survey reveals that companies across Asia are concerned over the outlook for insolvencies in the coming months, adversely affecting prospects for B2B trade on credit.

A rising level of insolvency risk has emerged as a major concern looking ahead for half of companies surveyed by Atradius across Asia, with widespread worries it could negatively impact B2B trade on credit. Businesses are preparing for ripple effects and payment risks, adding to further anxiety about future profitability.

At the heart of the concern is the current uncertain economic landscape, largely driven by the slowdown in China’s growth. Notably, however, the survey reveals Chinese companies show least anxiety about future insolvency risk.

This is the key finding of the 2024 Atradius Payment Practices Barometer survey across Asia (China, Hong Kong, India, Indonesia, Japan, Singapore, Taiwan and Vietnam).

India, Indonesia, Japan and Singapore are the markets most preoccupied about future insolvency risk but worry right across Asia reflects the view outlined by Atradius economists in the latest Insolvency report which forecasts an increase in insolvencies across Asia in 2024.

Anxiety is compounded by an already challenging credit risk environment, with late payments affecting an average 46% of B2B credit sales and bad debts standing at 4% of B2B sales invoices issued by Asian companies. Concern around business profitability thus continues to weigh heavily.

“The global economy is set to grow by 2.7% this year, but weak demand and tight credit conditions are straining businesses,” says Andreas Tesch, Chief Market Officer of Atradius.

“We expect global insolvencies to increase by 23% in 2024, and China’s current economic slowdown is raising concern about rising insolvencies among many Asian companies. This could lead to deteriorating credit quality and B2B payment behaviour in several economies across Asia.”

The complete report highlighting the findings of the 2024 edition of the Atradius Payment Practices Barometer for Asia can be found in the Publications section of Atradius.com website.

About Atradius
Atradius is a global provider of credit insurance, bond and surety, collections and information services, with a strategic presence in over 50 countries. The products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of GCO, one of the leading companies in the Spanish insurance sector and one of the largest credit insurers in the world. You can find more information online at https://group.atradius.com

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LinkedIn: https://www.linkedin.com/company/atradius
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