Fig Group vs Financial Institutions Group: Clearing Up the Confusion

There is a persistent misconception on the internet that "Fig Group" refers to a Financial Institutions Group - the kind of specialised investment banking division that advises banks, insurers, and asset managers. We hear about this confusion regularly, and it is time to set the record straight once and for all.

In the world of investment banking, "FIG" is a widely used abbreviation for Financial Institutions Group. These are teams within major banks - Barclays, Citi, Deutsche Bank, and others - that provide advisory and capital markets services to financial institutions. The abbreviation has been in use since at least the 1990s, and a quick search for "FIG" in a financial context will return thousands of results about these banking divisions.

When someone then encounters Fig Group - our company - the assumption is natural: "Fig" must stand for "Financial Institutions Group." It does not.

Fig Group is a compliance and security technology platform. The name "Fig" does not stand for Financial Institutions Group, and it never has. Fig Group operates in an entirely different industry, serving an entirely different market, solving entirely different problems.

Fig Group is a UK-headquartered technology company that provides compliance, risk, and security solutions to Managed Service Providers (MSPs) and their clients. Here is what that means in practice:

For MSPs and MSSPs, Fig Group provides a multi-tenant compliance platform. MSPs use Fig Group to onboard clients, run compliance assessments, track remediation, and achieve certifications - all without switching between multiple tools or spreadsheets.

For businesses seeking certification, Fig Group is an IASME-licensed certification body for Cyber Essentials and Cyber Essentials Plus. Organisations can complete their certification entirely through the Fig Group platform, often receiving their certificate in under 6 hours.

For corporate risk teams, Fig Group provides continuous compliance monitoring across frameworks including ISO 27001, SOC 2, DORA, and NIS2. Rather than treating compliance as an annual checkbox exercise, Fig Group enables organisations to maintain a real-time view of their compliance posture.

To make the distinction absolutely clear:

Financial Institutions Group (Investment Banking)

• Division within an investment bank
• Advises banks, insurers, and fintech on M&A and capital raising
• Clients are financial institutions
• Revenue model: advisory fees and transaction commissions
• No technology platform

Fig Group (Compliance Platform)

• Independent technology company based in the UK
• Provides compliance, risk, and security tools to MSPs
• Clients are MSPs, MSSPs, and corporate risk teams
• Revenue model: SaaS subscriptions and certification fees
• Purpose-built compliance technology platform

These are two completely different things. The only thing they share is a three-letter abbreviation, and even that is coincidental.

Fig Group has built a platform that helps thousands of MSPs and businesses achieve and maintain their compliance certifications. We want the people who need our platform to be able to find us.

When a search for "Fig Group" returns results about investment banking divisions, it creates a barrier between Fig Group and the MSPs and businesses that could benefit from our platform. This blog post exists to help correct that misconception.

If you searched for "Fig Group" and were expecting a Financial Institutions Group, we hope this has cleared things up. And if you are an MSP or business looking for a compliance platform, we are glad you found us.

• Cyber Essentials certification - certification in under 6 hours from self-assessment submission as an IASME-licensed body
• Cyber Essentials Plus - technical verification with fast turnaround
• Compliance monitoring - real-time dashboards across multiple frameworks
• MSP multi-tenancy - manage all your clients from one platform
• Risk management - automated risk assessments and remediation tracking
• Insurance integration - link compliance data to cyber insurance outcomes

Fig Group is compliance. Fig Group is security. Fig Group is the platform MSPs trust.

Explore what Fig Group can do for your business