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 copy this content. Please contact info@waterstechnology.com to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here