9th October 2014, New York & London: Alacra, the leader in client onboarding, reference data and business research solutions, was announced today as the winner of the EMIR/Dodd Frank Best Entity Data Solution at the annual Data Management Summit held in London this week. With over 300,000 users at more than 200 institutions, Alacra maintains and provides the most in-depth and broadest databases of legal entity and reference data available, allowing firms to substantially increase efficiencies and reduce costs. It enables institutions to meet their global regulatory obligations for customer identification, know-you-customer, ongoing monitoring and vendor risk management.
Steve Goldstein, Alacra’s founder and CEO, said: “For our teams in New York and London this award is a fantastic recognition of the work we do. The information we collect, research and maintain allows Alacra to help its clients become more efficient and meet a growing number of regulatory requirements. The primary information we provide for client onboarding, legal entity identification, KYC and the subsequent risk management is the foundation layer for a financial institution and it has to be correct. We are delighted to win such a recognized industry award.”
Andrew Delaney, Chief Content Officer at A-Team Group, organizers of the Data Management Summit, said: “With voting mainly from the financial data management community, we believe the A-Team Data Management awards are a clear representation of market sentiment. The quality of Alacra’s services and the high number of votes we received have certainly raised the bar for this award in the years to come – congratulations!”
Founded in 1996, Alacra has, under license, the largest collection of premium business information in the world, used by financial institutions, professional services firms and corporations for client onboarding, risk assessment and customer and industry research. Its clients include tier-1 global investment banks, the major accounting ﬁrms, and the largest consultancies.
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