Bretten/Frankfurt a. M. - Germany, 20 April 2021. msgGillardon AG has acquired msg Rethink Compliance GmbH effective as of March 1st, 2021. With head offices located in Frankfurt a. M., msg Rethink Compliance will operate as a subsidiary of msgGillardon and be part of the internationally active msg group of companies.
msg Rethink Compliance GmbH offers consulting services as well as process and technology support in the area of financial crime compliance for both international and D-A-CH (Germany, Austria, Switzerland) customers. The development of AI-based data products, compliance bots and cloud-based systems for company-wide compliance governance in banks and non-banks is planned as part of the further business expansion.
The founders and co-partners of the new company are Jürgen Krieg and Dirk Findeisen, who are both industry experts with each having more than 20 years of experience in the financial services industry from effective risk management to financial crime compliance matters and associated laws and regulations. The management team of msg Rethink Compliance GmbH includes Jürgen Krieg and Davor Jurak.
„The costs in the area of financial crime compliance have exploded in recent years. The driver behind this phenomenon is not only due to increasing regulations and heightened regulatory expectations but often can be attributed to outdated systems, obsolete processes, and bad data. Rather than addressing the latter, these are compensated by increased headcount. New ways of thinking are needed to break out of this spiral. This is where msg Rethink Compliance can make a valuable contribution to your organisation and perfectly complement our core competencies in supervisory law and risk management," says Dr Frank Schlottmann, CEO of msgGillardon AG. And Jürgen Krieg, Managing Director of msg Rethink Compliance, adds: "We are very pleased to be part of the msg group of companies, which has created the optimal foundation for specialists like us to help bolster business growth. As compliance experts, we can help impacted companies to meet their regulatory obligations better, faster and more cost-effectively.".
