Latest third party review validates Alacra’s investment in a flexible onboarding platform

New York – August 1, 2013: – Alacra, Inc., a leading provider of business information solutions for financial institutions and professional service firms is delighted to announce the latest third party review of Alacra Compliance Enterprise from FreePint, a provider of content industry news and reviews.

FreePint reviewer Sophie Alexander described the service as “an easy product to use and the latest release includes several improved features that allow users to better screen, onboard, and monitor clients.” The review, entitled “Lowering the Cost of Compliance with Alacra Compliance Enterprise” walks through each of the key workflow sections of the tool, including the Investigation Queue, Entity Search, Investigation, Investigation Report, and Management Statistics.

“More flexibility” includes Alacra’s configurable workflow system, which is designed to rapidly adapt the application to the preferred workflow of the client. Flexibility enhancements also mean a new API connector called Alacra Compliance Messaging Service (ACMS). With ACMS, Alacra can help financial institutions connect multiple internal databases to conduct secure batch processing and delivery of data. These enhancements ensure faster deployment times than other tools available in the marketplace.

Vice President of Risk Products, Tom Cosgove said, “We are pleased to work again with the professionals at FreePint to evaluate our progress with the Alacra Compliance Enterprise platform.  We continue to be client led as we prioritize enhancements to the platform, allowing clients to leverage continuous improvements for their on-boarding and remediation efforts. By continuing to expand the content available through the platform and reacting to the ever changing regulatory climate, Alacra is well placed to help financial institutions with the current and future needs.”

To read the complete FreePint Mini Review of Alacra Compliance Enterprise, visit http://web.freepint.com/go/features/70358

To learn more about Alacra Compliance Enterprise, visit http://www.alacra.com/compliance-solutions/alacra-compliance/

For questions on the Alacra Compliance Enterprise, please contact Carol Ann Thomas at 212.806.3841.

About Alacra, Inc.

Alacra develops workflow applications that enable 300,000 end users at over 200 financial institutions, professional service firms and corporations to find, organize, analyze and present mission-critical business information.

With almost 200 unique databases available to our clients, Alacra has under license the largest collection of premium business information in the world. We incorporate these databases into configured solutions that bring an efficient, consistent and thorough process to client onboarding, client screening, vendor risk management and front office business research. By combining licensed and web-based content Alacra also provides a range of entity reference data solutions that help our clients maintain extremely accurate legal entity data and meet global regulatory requirements.

Alacra was established in 1996. We have 60 employees and have offices in New York and London.

For press inquires and interviews, please contact:

Carol Ann Thomas
Marketing Manager
T: 212‐806‐3841
E: carolann.thomas@alacra.com

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