TeamAltemus and Exiger to deliver next generation due diligence services to professional athlete investors and collegiate athletic departments.
PHILADELPHIA, Dec. 11, 2018 /PRNewswire/ -- TeamAltemus and Exiger today announced that TeamAltemus's first-level due diligence screen of financial advisors and private investment management teams will be powered by Exiger's DDIQ. DDIQ is an AI-based automated due diligence solution that accelerates and enhances risk assessment related to financial advisors, investments, third-parties and private investment management teams.
"It is the foremost technology platform that is already being used by compliance teams at financial institutions, corporations and investment firms to mitigate risk. It will now be available to our clients, not just for initial screening but for on-going daily monitoring," said Courtney Altemus, CEO of TeamAltemus. "We bring the best, highest-level expert, and unbiased resources to our clients for financial advisor due diligence. The first-level screening process is a critical and broad search of publicly available records and it needs to be done quickly. Human beings scouring the web and routine databases is slow, inefficient and rarely as extensive as our clients need," Altemus added.
DDIQ has been built by leading data scientists and by top financial crime compliance experts to "combine automation with the skills of a human researcher to uncover and analyze regulatory risks of a subject that are not found using current techniques," according to Exiger.
"The combination of TeamAltemus's unparalleled expertise and experience in finance and both collegiate and professional athletics, together with DDIQ's revolutionary ability to automatically and constantly screen all available public data about a subject is unprecedented.," said Altemus, "This is an enormous step towards our goal of: Athletes & Money, only positive stories!"
About Exiger
Exiger is a global regulatory and financial crime, risk and compliance company. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and technology solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger works with clients worldwide to assist them in effectively managing their critical challenges while developing and implementing the policies, procedures and programs needed to create a sustainable compliance environment. A global authority on regulatory compliance, the company also oversees some of the world's most complex court-appointed and voluntary monitorships in the private and public sectors. Exiger has four principal business units being: Exiger Advisory; Exiger Diligence; Exiger Government Services; and Exiger Tech, including AI-based automated due diligence solutions DDIQ and Insight 3PM. Exiger operates through offices in New York City, Silver Spring (DC Metro), Toronto, Vancouver, London, Bucharest, Hong Kong, and Singapore.
About TeamAltemus
TeamAltemus is an unbiased provider of financial advisor due diligence and financial education. It is the only investor advocacy firm that specializes in working with athletes. TeamAltemus partners with professional athletes to vet and monitor financial advisors, provide financial education where needed and empower them to trust their financial knowledge. TeamAltemus partners with collegiate athletic departments to ensure all student-athletes are financially educated and elite athletes planning to go pro in their sport are trained in financial advisor due diligence. TeamAltemus is comprised of financial experts and former collegiate and professional athletes who deliver the most relatable, effective and practical solutions. More information is available at www.team-altemus.com
Contacts:
TeamAltemus
Rashad Campbell
rcampbell@team-altemus.com
Exiger
Russell Scarcella
rscarcella@exiger.com
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SOURCE TeamAltemus
