Opus Unveils Plug-and-Play KYC Offering

Opus Unveils Plug-and-Play KYC Offering
04.04.2017 08:45 am

Opus Unveils Plug-and-Play KYC Offering

Security and Compliance , Risk Management

Today Opus, the leader in compliance and risk management SaaS technology, announced the launch of Alacra Compliance Professional (ACP), the new plug-and-play KYC (Know Your Customer) compliance solution. ACP is an entry-level, preconfigured version of ACE (Alacra Compliance Enterprise), the leading SaaS KYC workflow solution.

Requiring no hardware, software or IT resources, the solution needs only simple configuration of your data sources to be up-and-running. ACP is the perfect fit for banks with less complex requirements, for whom speed and ease of deployment are of critical importance.

ACP is rapidly deployed and addresses the operational and regulatory requirements of KYC at all stages of the client lifecycle. Built on the Alacra SaaS foundation relied on by banks globally, it is the pre-configured, simple and effective option for best practice KYC workflow, ongoing monitoring and managerial oversight. It is designed to deliver a highly-optimized, risk-based approach to KYC with simultaneous searches of beneficial ownership, watchlists, adverse media and more from proprietary data providers and open sources, along with on-going monitoring to detect changes in risk. ACP can be easily upgraded to ACE as clients’ needs become more complex.

Kelvin Dickenson, Head of Compliance and Data Solutions at Opus, commented: “The rapidly- changing shape of financial crimes and the pace of regulatory change, combined with rigorous enforcement, mean that financial institutions of all sizes are under more pressure than ever. Banks can no longer rely on lengthy, infrastructure-heavy IT projects and are increasingly seeking agile, intelligent solutions which can hit the ground running for faster client onboarding and ongoing monitoring. The best compliance practices are based on the best technology, and now Alacra Compliance Professional makes the best technology available to banks for whom quick deployment and cost control are paramount.”

Related News

Speechmatics and Veritone Unveil Availability of Secure Transcription as a Cognitive Service Within Veritone’s aiWARE Government Operating System for AI

Speechmatics, a UK leader in any-context speech recognition technology has announced that... Read more »

The CFO SUMMIT XXXVIII Will Be taking place in San Diego, US

This marcus evans premium summit will look at how CFOs must take a proactive approach to pursuing growth while mitigating risk. The CFO ... Read more »

Kompli-Global helps companies expose bad actors within their customer base

Every major organisation in the United Kingdom has customers that are up to no good, potentially with criminal intentions. Fraudsters and money launderers are clever and, once... Read more »

NICE Actimize launches advanced SURVEIL-X Conduct risk capabilities to uncover employee misconduct and market abuse

With more employees working from home or remote sites, financial services organizations (FSOs) are facing new compliance and regulatory challenges.

Read more »

Kroll adds consumer credit monitoring to suite of UK data breach notification services

Kroll, a division of Duff & Phelps, a global leader in risk mitigation, investigations,... Read more »

RegTech and SupTech: Innovation, Evolution and FCA development

In the latest episode of the RegTech 20:20 podcast from... 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