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Inside the LEI – Issue VIII

As we enter 2016, almost 100,000 of the LEI registrations have not been renewed— meaning that close to 24% of the total LEI universe have lapsed…As issuance of LEIs to entities that are active in the financial markets grows (as evidenced by them being rated, regulated and/or listed) we expect the LEI lapse rate to […]

Why is it so hard to know who you’re doing business with?

Every bank wants to achieve a single view of a customer, but no-one has found an easy, cost-effective, scalable way to do it. The simple fact is that there is too much customer information, entering the bank from too many places, to align and maintain into a single view. An effective solution would reduce costs, […]

What do banks need to know about their customers, but don’t?

Banks know many things about their customers.

They know these things for three reasons. The first is that they have to, writes Steve Goldstein. There are many regulations that require a bank to know its customers, primarily to prevent money-laundering and combat the financing of terrorism.

The second reason is to assess risk. Banks need to know […]

Opus Extends its Regulatory Technology Leadership with Strong 2015 Results

Secular Demand in Regulatory Technology Powers Annual Organic Revenue Growth of 50%

2015 Acquisition of Alacra Extends Financial Services Regulatory Offerings

Third Party Management (3PM), Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data Solutions Power Growth Engine 

Palo Alto, CA, January 13, 2016 – Opus, a leading provider of SaaS-based compliance solutions, today announced record financial […]

By |January 13th, 2016|Hiperos, Know Your Customer, News, Opus Global|

Opus Makes Strategic Equity Investment in OThot

Growth Investment in Leading Innovator of Predictive Analytics

January 6, 2016   9:00 AM Eastern Daylight Time
PALO ALTO and PITTSBURGH – Opus, a leading provider of SaaS-based compliance solutions, today announced that it has made a strategic investment in OThot, a leading developer of cloud-based data science-driven platforms that dramatically reduce the cost and complexity of […]

By |January 6th, 2016|News, Opus Global|

First 72 hours after a cyber attack are critical, says law firm

In this article, Alacra’s VP of Compliance Solutions, Kelvin Dickenson discusses cyber attacks with Thomson Reuters.

“Banks that are seen to offer the most robust and proactive protection for their customers will be better able to recruit and retain business,” Dickenson said….”A bank that builds confidence by making online interactions secure, by educating their customers on […]

Top 4 Reasons to Have a Consistent Client Onboarding Process

The push to achieve a single customer view (SCV) has challenged onboarding teams to capture more KYC/AML data, and routinely review larger troves of existing data, to meet ever-evolving regulatory requirements. In this quest, four reasons for having a consistent client onboarding process stand out as promoting operational success.

1. Regulators Like Consistency

When the need arises […]

Banks dramatically accelerate client onboarding with Alacra Compliance Messaging Service

FOR IMMEDIATE RELEASE

26 October 2015, New York & London: Alacra Inc., an Opus Global company, and the leading provider of compliance and reference data solutions for financial institutions, corporations and professional service firms, has today announced the launch of the enhanced Alacra Compliance Messaging Service (ACMS) at the AMLP European Conference. […]

Alacra Completes Acquisition by Opus Global

New York, NY – October 15th, 2015 – Alacra, Inc., an Opus Global Company, and leading provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data and other information solutions for regulatory compliance today announced completion of its acquisition by Opus Global, a leading provider of SaaS-based compliance solutions. The transaction was first […]

LEI Update from Alacra – lapse rate starting to decrease

FOR IMMEDIATE RELEASE

12 October 2015, New York & London: Alacra Inc., an Opus Global company, and the leading provider of compliance and reference data solutions for financial institutions, corporations and professional service firms, has issued Inside the LEI, issue VII, its regular update on Legal Entity Identifiers (LEIs).

Inside the LEI is a […]