I'm not as familiar with the compliance part of their solution, so there could be some of what you're talking about. I don't think their software is totally useless, just possibly, um, over-priced, and needing competitors. :)

Our lightweight SaaS was focused on analytics related to share of wallet and return on capital and improving insights into client relationships. With our tool, an investment banker could perform some tasks in seconds or minutes that normally an MD expected a junior analyst to do in hours or days. Not rocket science, but useful. And not as expensive as Dealogic. I wish I could say our creation was taking the world by storm, but we haven't been involved for many years and as so often happens with acquisitions, they didn't really execute well on our original target audience and took it in another direction.

So yes, like the mafia.

I increasingly see less distinction between the various forms of economic rent and organised crime.