Global banks rely on Alacra Compliance workflow solutions to address the operational and regulatory requirements of KYC at all stages of the Client lifecycle.
Alacra Compliance Professional is the entry-level, easy-to-deploy option with a pre-configured KYC workflow – just add data sources and go.
For the bank with more unique requirements, Alacra Compliance Enterprise allows for custom workflows, advanced KYC/CIP rules, classifications, more complex integrations and configurable user interface features.
| Product Feature | Professional | Enterprise |
|---|---|---|
| Out of the box | ✓ | |
| Deployment | as little as one week | ~10–12 weeks |
| Streamline KYC (CDD and EDD) investigations | ✓ | ✓ |
| Efficient workflow management | ✓ | ✓ |
| Surveillance module available | ✓ | ✓ |
| Audit trail | ✓ | ✓ |
| Standardized process for KYC data searches | ✓ | ✓ |
| Alacra Data Solutions/CIA | ✓ | ✓ |
| Integrated premium data sources | ✓ | ✓ |
| Google integrated | ✓ | ✓ |
| Open source research | ✓ | ✓ |
| EDD features | ✓ | ✓ |
| Customer-specific data/lists | ✓ | |
| Waterfall/refine news search results | ✓ | |
| Configurable due diligence report (PDF) | * | ✓ |
| Configurable user interface | * | ✓ |
| Configurable user roles & permissions | * | ✓ |
| Configurable status & approvals process | * | ✓ |
| Configurable business rules | * | ✓ |
| Extensive front & back office integration | ✓ | |
| KYC/CIP rules module available | ✓ | |
| Risk levels & classifications | ✓ | |
| Manage periodic review schedule | ✓ | |
| Subtenants/instances available | ✓ |
*Feature is preconfigured