Alacra Compliance Enterprise -

Onboarding to Ongoing

Alacra Compliance Enterprise (also known as “ACE”) helps financial institutions around the world reduce the burden of regulatory compliance by streamlining the KYC, CIP, CDD, EDD, and credit investigations process. ACE also helps firms around the world reduce regulatory, financial, legal, and reputational risk.

Alacra Compliance Enterprise is a modular workflow application, designed to deploy in a short period of time to help you realize efficiency gains. Our clients have experienced upwards of an 88% increase in analyst productivity and a 40% reduction in error rates. Alacra is able to quickly configure the information sources and tasks required to address each client’s regulatory and risk requirements, resulting in reduced time to market, increased operational oversight, and shorter investigation timelines.

From Onboarding to Ongoing, Alacra Compliance helps you manage your team and streamline your process.

KEY BENEFITS

Process standardization and adherence to global standards.
Operational and reputational risk mitigation.
Faster time to deployment with ACE easy configurability.
High annual cost savings through dramatic time savings and operational efficiencies.
Meet future regulatory demand with flexible configuration and source integration.

Your Return on Investment

Investment Banks
Accelerate your due diligence like this leading investment bank with 40% increase in capacity and $1.85MM in savings.*

Commercial Banks
How a top 3 commercial bank automated rescreenings for a $1MM savings and 150% increase in daily capacity.*

Universal Banks
How a top 4 US Bank tripled monthly investigation capacity and saved over $6MM.*

* Client results. Your experience may differ.

Learn about success

Our clients have experienced upwards of:

150% increase in daily investigation case capacity.
Millions in savings.
87.5% jump in investigator productivity per month.
68% increase in monthly case capacity.
40% fewer errors.
Reduce onboarding time from days to minutes.

How ACE works

Create an investigation

Configurable screen to enter details about entity to be onboarded and the name and credentials of the investigator.
Entity details can include type of business, risk level, or geography.
Select databases manually or based on your bank’s rulebook.

Simultaneous search

Easily view search criteria, results of searches, and potential hits.
Drill down to each hit with a single click.
Investigators can comment or annotate each result

Investigation results report

Source documents, annotated search results, and uploaded supporting material combined into a single date and time stamped PDF.
Documentary evidence for regulatory audits.
Branded with your bank’s logo

Management dashboard

Oversee investigations, reassign cases and measure productivity
Robust filtering and search capabilities
Gain transparency over your team’s caseload.

Top Sources of Reference Data

Modular and Configurable

Depending on your needs, ACE can include additional modules and datasets.

System to System to connect multiple silos to the worklow.
Four Eye Review Tool to ensure at least 2 people are checking work for reduced errors and lower risk.
Business Rules Engine to embed your company’s additional processes into the system.

Risk Monitoring

Monitoring of onboarded entities for adverse news and sanctions is also available with the Risk Monitoring add on.

The Alacra Risk Monitoring module allows you to be automatically alerted when entities or counterparties they are interested in tracking have changes that may impact the risk ranking assigned to that particular entity or when there has been some adverse event that may require a client to revisit the entity or counterparty in question.

Alacra Authority File

The Alacra Authority File helps clients identify low-risk entities as part of the onboarding process. The Authority File contains reference data on over 210,000 global entities that are listed, regulated or rated and common clients and counterparties of most large financial institutions. Knowing if an entity is regulated by an approved bank regulator can reduce the tasks and time necessary to onboard it. Alacra monitors this universe of entities on a daily basis and can alert you to changes in status – name changes, address and domicile changes and listing and regulatory status changes.