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