Waters Rankings 2021: Best AML compliance solution provider—ACA Compliance
Product: ACA ComplianceAlpha
“ComplianceAlpha’s KYC/CIP monitoring functionality was developed in direct response to global regulatory priorities and the evolving risks and challenges our clients face. We’re pleased to provide our clients, globally, with a solution that can help them protect their business and manage risk through enhanced data accuracy, ongoing monitoring, increased efficiencies, and a significantly reduced total cost of ownership.”
Raj Bakhru, chief innovation officer, ACA Group
WHY THEY WON
The last year and a half has been about remote work and making sure companies remain in compliance—ACA’s mobile, managed service and regtech expertise helped firms accomplish their work during a challenging time, and it’s likely why voters ticked the box for ACA in this year’s Rankings.
WHAT’S NEW
ACA Compliance launched the ComplianceAlpha mobile app to help firms communicate with employees during business continuity plan (BCP) situations and increase compliance while working from home.
It developed a free Covid-19 resource library, and offered its web-based insider training course free of change.
It also invested in building out its natural language processing capabilities and improved its anti-money laundering (AML) and know-your-customer (KYC) practices.
WHAT’S TO COME
ACA is building new functionality that includes best execution from a compliance perspective, control room features, additional electronic communications support, and rep license management component.
It is looking to increase the ease of integration with third-party systems.
And it aims to further integrate its managed services and consulting units with its core technology.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
BST Awards 2024: Best buy-side execution venue—360T
Product: 360T
Buy-Side Technology Awards 2024: All the winners and why they won
The 39 category winners of the 2024 Buy-Side Technology Awards.
BST Awards 2024: Best buy-side performance measurement and attribution product—FactSet
Product: FactSet Performance Solutions
BST Awards 2024: Best buy-side newcomer (vendor or product)—Exegy
Product: nxFramework
BST Awards 2024: Best buy-side managed data service—S&P Global Market Intelligence
Product: iLEVEL Managed Data Services
BST Awards 2024: Best portfolio accounting platform—SS&C Advent
Product: Geneva and APX