Deloitte Canada has acquired Allevar, a Toronto-based firm specialising in financial services technology and data enablement.
Allevar has expertise in fraud management, anti-money laundering (AML), payment systems, and know your customer (KYC) regulations.
Its expertise is particularly valuable for Canadian banks and the broader Financial Services industry, which rely on robust risk management to protect the public and meet regulatory standards.
Deloitte Canada and Chile chief executive officer Anthony Viel said: “The acquisition of Allevar represents a strategic expansion of our capabilities in regulatory compliance and technology solutions for industries including financial services, and others preparing for the growth opportunities in the digital and AI age.”
“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.”
Allevar’s team and its C-suite executives including Dan Wood, Dave Whyte, and Maureen Binder Kotopski, will bring their leadership to Deloitte’s Regulatory & Risk practice.
Allevar CEO Dan Wood said: “We are thrilled to announce that Allevar is joining forces with Deloitte Canada, marking a significant milestone in our growth journey. This strategic decision is made with a focus on our people, clients, and the future, aligning with our core values and vision. By partnering with Deloitte, we are poised to enhance our capabilities and continue delivering exceptional service.”
The acquisition is stated to be a strategic step for Deloitte, positioning it as a “leader” in the financial services technology and compliance landscape.
The integration of Allevar into Deloitte’s Strategy, Risk & Transactions (SR&T) business is expected to enhance the company’s ability to offer solutions for financial crime, AML, and compliance issues.
In June 2025, Deloitte announced the promotion of seven executives to partner status in its Scotland offices.
“Deloitte Canada acquires Toronto fintech firm Allevar” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
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