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PwC selects Diligend for delegate oversight, due diligence and AML

PwC selects Diligend for delegate oversight, partner due diligence and AML managed services in Luxembourg, because it is best in class and flexible.


PwC announces that it is using the Diligend platform to enhance different service offerings including delegate oversight, business partner due diligence, as well as KYA checks under AML for its clients. This investment is a further demonstration of how Managed Services is a key focus in 2022 and beyond for the company and forms part of its long term growth strategy.

The agreement between Diligend as a third-party and PwC, allows PwC teams to use Diligend to collect data in a structured, seamless manner with ease of reporting (dynamic dashboards, real time progress trackers, workflows, etc.) for the purposes of supporting clients with their due diligence, ongoing monitoring and oversight needs. Keeping up with the changing regulatory environment and complex operational models are driving the need for industry specific monitoring and oversight tools that meet exacting security and compliance standards. As part of its Managed Services offering, accompanying clients through every stage of their product life cycle, this relationship is yet another way the PwC Luxembourg team is delivering on their view of the future, one that is people-led, enhanced by powerful technology and digitally amplified.

Benjamin Gauthier, Advisory Partner, Managed Services Leader, PwC Luxembourg, and Prasanta Mandal, Advisory Director, PwC Luxembourg say, “We selected Diligend because it was one of the best sector-specific platform that could be adapted to meet our varied client requirements and our 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. 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.”.

Olivier Carré, Partner, FS Markets Leader, PwC Luxembourg, says: “The ever increasing sophistication of regulatory requirements coupled with the strive of our clients to execute on these requirements in a cost efficient and scalable manner, is the reason why we combined our subject matter expertise with one of the leading software solution to support due diligence and delegation oversight. The combined product and service offers clients a robust solution of business and due diligence automation for business partners, delegates and assets (KYA).”


Wissem Souissi, CEO and Founder of Diligend says, “We are very pleased to be working with PwC to support on a variety of due diligence and data management services. The strategic relationship demonstrates the flexibility of the platform and our ability to meet multiple requirements. Within PwC, different teams are using it to perform fund due diligence, maintain delegate oversight, run AML and KYA checks, regulatory risk and compliance checks on potential investments, and ongoing investment reviews. The possible use cases are endless.”

Diligend’s cloud-based due diligence platform, designed to meet the needs of the investment management community, with a dedicated white labelled solution for PwC and its clients. The advanced automation capabilities mean it streamlines and accelerates the process of requesting and providing data to meet any due diligence, monitoring or assessment requirements. Used at any point in the investment process, Diligend’s analytics and reporting capabilities and API integrations with leading investment research data platforms provide clear and actionable insights via a single pane of glass.

Diligend’s institutional-grade platform is product-market fit for consultants with varied client needs and stringent regulatory requirements.

Get in touch to discuss further.

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