ACA Compliance Group Launches Next-Generation RegTech Platform

ACA Compliance Group Launches Next-Generation RegTech Platform
02.10.2019 08:40 am

ACA Compliance Group Launches Next-Generation RegTech Platform

RegTech

 ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions, today launched ComplianceAlpha® 2.0. This next-generation risk and compliance management platform helps global financial services firms stay one step ahead of regulators’ increasingly advanced technological capabilities to detect insider trading, market abuse, and other potential misconduct.

The enhanced platform was designed and developed by the industry’s largest team of former regulators, financial technologists, and cybersecurity professionals.

Jordan Schwartz, Partner at ACA, said, “To effectively and efficiently meet regulatory demands and identify risk, financial services firms no longer have to rely on manual processes and unconnected data sources. Firms need the support of an enterprise-wide, scalable technology solution that brings together their structured and unstructured data sets while allowing for easy feature updates as needs change.”

Patrick Conroy, Managing Director at ACA, said, “ComplianceAlpha 2.0 helps financial services firms of all sizes bring their firm’s compliance program to the level that regulators expect. The enhanced platform helps firms increase efficiency by automating manual tasks, reduce risk through enhanced surveillance capabilities, derive deeper insights through connected data, and free up valuable time for more strategic, higher-value tasks.”

Key Features and Benefits of ComplianceAlpha 2.0

·         New employee personal trading surveillance software: ComplianceAlpha 2.0 introduces ACA’s new Employee Compliance solution, which updates, expands, and enhances the existing capabilities of Compliance ELF. Employee Compliance is available within the ComplianceAlpha platform to provide firms with a user-friendly application for managing and automating their firm’s personal trading surveillance, employee certifications, gift and entertainment requests and disclosures, political contributions, outside activity reporting, and more.

·         Enhanced scalability and support for third-party integrations: ComplianceAlpha 2.0 is built on an all-new, API-based infrastructure that allows the platform’s solutions to interact with each other as well as with clients’ third-party systems, while allowing for easy scalability to keep up with regulators’ evolving demands and technological capabilities. 

·         Enhanced user experience: ComplianceAlpha 2.0 introduces a clean and modern interface to provide for a more intuitive user experience. The new platform also brings together all application management features so system administrators can easily manage users, permissions, and notifications from one place.

Raj Bakhru, Chief Innovation Officer at ACA, said“At ACA, we pride ourselves on our ability to bring together the best people, technology, and services to deliver a comprehensive, integrated approach to governance, risk, and compliance. ComplianceAlpha 2.0 is just the beginning of our efforts to unify our software and delivery services to provide our clients with a comprehensive, future-proof solution that will help them do their jobs more effectively and efficiently while easily keeping up with regulatory changes and technological advances.”

Related News

Equifax partners with HooYu for digital customer onboarding and KYC journey tech

Equifax, the business and consumer insights expert, has announced a partnership with... Read more »

RIMES launches BMR Dashboard service to help asset managers overcome uncertainty and volatility around risk exposure

RIMES, the global leader in data management and RegTech solutions, today announced the launch of the ... Read more »

Kompli-Global and Yoti team up to tackle fraudsters and money launderers with verified identities

Kompli-Global, the leading RegTech AML specialist, has formed a strategic partnership... Read more »

Eventus Systems wins Best Trade Surveillance Solution for Dodd-Frank Act at 2020 RegTech Insight Awards

Eventus Systems, Inc., a leading global trade surveillance and risk management software... Read more »

SteelEye wins Best Solution for Records Retention at RegTech Insight Awards

SteelEye, the compliance technology and data analytics firm, has been recognised as the Best Solution for Records Retention in the RegTech Insight Awards 2020. These awards... Read more »

B-North Taps TruNarrative to Provide Top-level Onboarding and Compliance Technology

 B-North, the Manchester-based firm building an SME lending bank for the UK, has chosen Leeds based RegTech innovator, TruNarrative, to provide a full suite of customer... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel