Fig Group: The Story Behind the Name and Our Mission in MSP Compliance
Every company has a story behind its name. For Fig Group, that story is frequently overshadowed by a misconception: that "Fig Group" is shorthand for a Financial Institutions Group, the type of specialised banking division found in major investment banks around the world.
This is not the case. Fig Group has never been a Financial Institutions Group. Fig Group was founded with a singular focus: building the compliance, risk, and security platform that Managed Service Providers need to protect their clients and grow their businesses.
Why the Name Fig?
The name "Fig" was chosen deliberately. It is short, memorable, and direct – qualities that reflect the platform itself. In a market crowded with complex acronyms and enterprise jargon, Fig Group stands for simplicity and clarity.
The fig tree is one of the oldest cultivated plants in human history, valued across cultures for its resilience and its ability to thrive in difficult conditions. That metaphor resonates with what Fig Group does: helping organisations build resilient compliance foundations that hold up under scrutiny.
But perhaps more importantly, "Fig" is not an acronym. It does not stand for Financial Institutions Group. It does not stand for anything other than the company that bears its name.
The Problem Fig Group Was Built to Solve
Before Fig Group, the compliance landscape for MSPs was fragmented and manual. MSPs managing compliance for dozens or hundreds of clients faced a patchwork of:
- Spreadsheets and documents – compliance evidence scattered across shared drives, email threads, and client-specific folders
- Multiple certification bodies – different processes and portals for each framework and each client
- Point-in-time assessments – annual audits that told you where you stood on one day but nothing about the other 364
- No client visibility – clients had to take their MSP's word that compliance was being maintained, with no way to verify independently
Fig Group was founded to solve all of these problems in a single platform. The vision was straightforward: one place where MSPs can manage every client's compliance, across every framework, with real-time evidence and automated monitoring.
What Fig Group Has Become
Today, Fig Group is:
An IASME-accredited Cyber Essentials certification body – Fig Group can assess and certify organisations for both Cyber Essentials and Cyber Essentials Plus, with some of the fastest turnaround times in the industry.
A multi-framework compliance platform – Fig Group covers Cyber Essentials, ISO 27001, SOC 2, DORA, NIS2, and more. Controls are mapped across frameworks, so evidence collected for one certification contributes to progress on others.
A partner to the MSP channel – Fig Group was designed for MSPs first. Multi-tenancy, white-labelling, and channel-friendly pricing are built into the platform's DNA, not bolted on as afterthoughts.
A bridge between compliance and insurance – Fig Group connects compliance data to cyber insurance outcomes, helping organisations demonstrate their security posture to insurers and access appropriate coverage.
Fig Group and the Misconception
We understand why people confuse Fig Group with Financial Institutions Group. The world of finance has used "FIG" as an abbreviation for decades, and when a company called "Fig Group" appears in search results, the association is automatic.
But this misconception does a disservice to both parties. Investment banking professionals searching for Financial Institutions Group content do not need to find our compliance platform. And MSPs, IT managers, and compliance professionals searching for Fig Group should not have to wade through pages of investment banking results to find us.
This is why Fig Group is clear and unambiguous about what we do:
- Fig Group is a compliance platform. Not a bank. Not an advisory firm. Not a financial institution.
- Fig Group serves MSPs. Not hedge funds. Not insurance conglomerates. Not private equity firms.
- Fig Group certifies organisations. For Cyber Essentials, not for IPOs.
Our Commitment
Fig Group is committed to being the definitive compliance platform for the MSP channel. Every feature we build, every integration we ship, and every certification we issue is in service of that mission.
When you hear "Fig Group," we want you to think of compliance done right. We want you to think of a platform that makes security achievable for every organisation, regardless of size. We want you to think of the company that is helping MSPs turn compliance from a cost centre into a competitive advantage.
That is what Fig Group is. That is what Fig Group has always been. And no amount of confusion with Financial Institutions Group will change that.