NEW YORK & LONDON, 20 January 2015 – Alacra, the leader in client onboarding, reference data and business research solutions, today announced a partnership with Accuity, the publisher of Bankers Almanac, the essential reference source for financial counterparty assessment and efficient KYC due diligence. The partnership will integrate Bankers Almanac’s new Due Diligence Data File with Alacra Compliance Enterprise (ACE), significantly increasing the speed and efficiency of the client onboarding process for mutual customers.

Recognized by the industry as the most comprehensive solution for onboarding and risk management of banks and other financial counterparties, Bankers Almanac data can now be accessed simultaneously with Alacra’s other premium datasets through ACE and Alacra Risk Monitoring.  The Due Diligence Data File contains information on over 24,000 legal banking entities and more than 110,000 non-bank financial institutions, including corporate profiles, legal hierarchies, ownership data and key personnel from head offices and branches. ACE can also provide links to Bankers Almanac Due Diligence, a comprehensive database of current and historical KYC documents.

Don Roll, Alacra’s Managing Director, Europe, commented: “Bankers Almanac is a fantastic product and is widely used by banks for client onboarding and ongoing monitoring.  We’re excited to be working closely with the Accuity team to better meet customer needs.”

Robert McKay, Managing Director of Risk at Accuity, said: “This is an important development in the availability of an exceptionally comprehensive reference data resource.  I am confident our partnership with Alacra will provide the accessibility and functionality our shared clients have requested.  I expect the Alacra partnership will now present greater opportunities for new users to access our data.”

The partnership was requested by the clients of both companies.  Alacra’s product roadmap is driven by its user community and the integration of Bankers Almanac with ACE was high on Alacra clients’ list of priorities.

Accuity sets the global standard for source-verified due diligence data on financial institutions.  With an ever-increasing workload on financial institutions in terms of regulation and compliance, the Alacra/Accuity partnership marks a significant step forward in the physical research and processing required for compliance, client onboarding, risk reduction and KYC.

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About Accuity

Owned by one of the world’s leading business-to-business data and content providers, Reed Business Information, and part of Reed Elsevier, Accuityhas been providing solutions to banks and businesses worldwide for over 175 years. Our unmatched data and services, powered by Bankers Almanac, deliver optimal payment efficiency, compliant transactions, bank counterparty insight and AML screening success.

About Reed Business Information

At Reed Business Information(RBI) we provide information and online data services to business professionals worldwide.  Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day.  RBI is part of Reed Elsevier, a leading global provider of data, information and solutions for professional customers.