Deloitte acquires financial services consultancy Allevar

Deloitte Canada has acquired Allevar, a Toronto-based IT consulting firm focusing on the financial services industry.

Founded in 2005, Allevar provides technology and data enablement services for financial crime, fraud, anti-money laundering, payments, and know-your-customer (KYC). The firm has practices in compliance big data and analytics, Pega solutions (workflow automation and decisioning), process mining and automation, architecture and development, and agile.

Allevar has 38 employees listed on LinkedIn.

Deloitte’s acquisition of Allevar will strengthen its ability to provide comprehensive financial crime, AML, and compliance solutions to banks, finance, and insurance clients.

“By integrating Allevar’s expertise, particularly in, Anti-Money Laundering, Fraud, Payments, and KYC we are poised to offer unparalleled value to our clients by ensuring they remain on their growth trajectory enabled by a solid foundation of regulatory compliance and operational efficiency,” said Anthony Viel, CEO of Deloitte Canada.

The Allevar team, including executives Dan Wood, Dave Whyte, and Maureen Binder Kotopski, will join Deloitte’s regulatory and risk practice.

“By partnering with Deloitte, we are poised to enhance our capabilities and continue delivering exceptional service,” said Dan Wood, CEO of Allevar.

Deloitte has over 16,000 employees in Canada providing services in audit, tax, and consulting.