PwC Luxembourg adopts Diligend

Cloud-based due diligence platform Diligend has partnered with PwC Luxembourg to enhance its managed service offerings.

Through the partnership, PwC Lux aims to better support clients with delegate oversight, business partner due diligence as well as KYC/AML checks.

PwC Lux teams will use Diligend to collect data via the platform’s dashboards, real-time progress trackers and workflows.

PwC Luxembourg’s Benjamin Gauthier, advisory partner, managed services leader and Prasanta Mandal, advisory director explained they selected the platform because the firm believed Diligend was one of the best sector-specific platforms that could be adapted to meet varied client requirements and PwC’s broad range of service offering.

“Following a successful proof of concept, we understood how flexible the platform and team were and the potential for global use across the business,” they said. “Together we have worked closely to customise the platform, extending our service offer to clients in Luxembourg and potentially a number of other jurisdictions. We anticipate the use of the platform to support our continuously evolving delegate and third party oversight services for regulated entities in Luxembourg. We are able to cover the entire value chain of the delegation oversight from initial due diligence, ongoing monitoring to on-site visits, with powerful reporting capabilities. This significantly enhances our ability to assess and analyse both quantitative and qualitative data to provide better client service.”

The partnership follows the announcement that Diligend had secured a new round of private investment, in January.

To find out more about how the platform can help private equity, its existing partnerships with Preqin and eVestment as well as further enhancements planned for the future, check out our profile with Diligend’s founder and CEO, Wissem Souissi, here.