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
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions
IMD & IRD Awards 2024 winner's interview: Tradeweb
Tradeweb won Most innovative market data project in this year’s Inside Market Data & Inside Reference Data Awards.
IMD & IRD Awards 2024 winner's interview: S&P Global Market Intelligence
S&P Global Market Intelligence won Best corporate actions data initiative in this year’s Inside Market Data & Inside Reference Data Awards.
Waters Rankings 2024: Best outsourcing service provider—Northern Trust
Product/service: Integrated Trading Solutions
Waters Rankings 2024: Best cloud infrastructure provider—IPC Systems
Product/service: Connexus Cloud
Waters Rankings 2024: Best buy-side order management system (OMS) provider—SS&C Technologies
Product/service: Eze OMS
Waters Rankings 2024: Best reconciliation management provider—Duco
Product/service: Duco platform