Increasing regulation of the financial services industry requires financial institutions to have a much deeper understanding of their customer relationships. KYC provisions of anti-money laundering rules, risk exposure measures required under Basel II and counterparty classification under the MiFID Directive all require new efforts to capture and process information about your customers.
Alacra Concordance helps financial institutions comply with these requirements by appending external information to a financial institution?s customer databases.
| Business Challenge | Alacra Applied | Results |
| Meet Basel II requirements for risk assessment. | Integrate rating agency data from Moody?s, Fitch and S&P into several internal systems, automatically applying and maintaining current credit ratings | Client can effectively estimate and report on credit risk exposure. |
| Investment banking division of major commercial bank needs to better assess counterparty risk | Cleanse internal databases and append company identifiers; develop family tree views showing corporate structure; integrate data from multiple market data sources. | Internal risk portal enables multiple views of accounts to simplify risk assessment. |
| Portfolio Management division of large commercial bank needs to analyze pre- and post-investment risk | Map proprietary identifiers for fixed-income issuers to enable the automatic retrieval of credit default swap rates, ratings and legal entity data. | Results automatically fed into analytics applications, enabling quick pre- and post-investment risk analysis. |
