Booz Allen sells financial compliance practice

Favicon The Washington Business Journal

Booz Allen Hamilton Inc. has sold a practice it formed around an anti-money laundering software product pitched to financial institutions. RiskCanvas Holdings LLC is now part of Genpact (NYSE: G), a global professional services firm based in New York. Terms of the deal, announced Tuesday, weren’t disclosed. The riskCanvas product and the startup’s consulting services are seen positioning Genpact in a market being roiled by rising regulatory compliance expectations as well as automation, analytics...

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