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.”