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 […]
Palo Alto, CA, January 13, 2016 – Opus, a leading provider of SaaS-based compliance solutions, today announced record financial […]
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 […]
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 […]
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. […]
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 […]
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 […]
Adds leading AML, KYC capabilities to leading SaaS-based Compliance Platform
FOR IMMEDIATE RELEASE
New York, NY, Palo Alto, CA – September 30th, 2015 – Opus Global, a leading provider of SaaS-based compliance solutions, today announced that it has acquired Alacra, Inc., a leading provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and […]
24th August 2015, New York & London: Alacra Inc., the leading provider of business information solutions for financial institutions, corporations and professional service firms, announced today the launch of Alacra Resolve. Alacra Resolve is a completely new and unique approach to accessing and researching all the publicly available entity identifiers: LEI, GIIN, […]
Like our popular “Inside the LEI” series, Alacra’s latest Reference Data Alert goes”Inside the GIIN” to detail this identifier and the universe it covers.
The GIIN or Global Intermediary Identifier Number is issued by the IRS to foreign financial institutions (FFIs) as part of the Foreign Account Tax Compliance Act (FATCA). The goal of FATCA is […]