About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Alacra Adds OusideIQ Automated Due Diligence Reports to Compliance Platform

Subscribe to our newsletter

Alacra has added OutsideIQ’s DDIQ automated due diligence reports to its Alacra-On-Demand research fulfilment service and will add the reports to its Alacra Compliance Enterprise client onboarding solution later this year.

OutsideIQ’s DDIQ reports are based on algo searches of the web and open source corporate data, complementing Alacra’s searches of licensed data services and delivering fast, comprehensive and global due diligence information. The reports provide links to data sources, making them fully auditable.

Users of Alacra-On-Demand, such as banks, private equity firms, law firms and corporates, are expected to use DDIQ reports for ad hoc risk assessments, while users of Alacra Compliance Enterprise will be able to use an application programming interface to search both Alacra and DDIQ sources and receive due diligence reports.

Steve Goldstein, vice chairman of Alacra owner Opus, says: “Alacra customers consistently ask us to identify new sources of information to help evaluate and reduce risk. DDIQ makes amazing use of artificial intelligence to create reports and provide a fast and effective view of an entity’s risk profile that can be used for enhanced due diligence.”

To deliver DDIQ reports, OutsideIQ has built a cognitive computing platform and trained it using financial crime investigators to discover and locate content in the same way as a human investigator. Dan Adamson, CEO of OutsideIQ, explains: “The platform produces a quick, automated view of companies and individuals, and provides auditable reports that go deeper than most investigations and include consistent due diligence information that would take a person many hours to build.”

DDIQ reports are available immediately as part of the Alacra-On-Demand service and are due to be accessible through Alacra Compliance Enterprise in the third quarter of this year.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to trade surveillance for market abuse

Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and cause financial instability. This webinar will discuss market abuse of different types, such as insider trading...

BLOG

Snowflake Partnership Offers Access to Mistral AI Large Language Models

Snowflake has made a global partnership with Mistral AI, a provider of AI Large Language Model (LLM) solutions. The multi-year partnership, which includes a parallel investment in Mistral’s Series A from Snowflake Ventures, will give Snowflake customers access to Mistral AI’s newest and most powerful LLM, Mistral Large, which includes reasoning capacities, is proficient in...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...