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 and Accuity Partner to Integrate Bankers Almanac with Alacra Compliance Enterprise

Subscribe to our newsletter

Accuity and Alacra have partnered to integrate data from Accuity’s Bankers Almanac with the Alacra Compliance Enterprise (ACE) workflow application. The partnership includes integration of Bankers Almanac’s Due Diligence Data File with ACE and is expected to increase the speed and efficiency of client onboarding.

The partnership has been made in response to client requests for integration and will allow ACE users to access Bankers Almanac data simultaneously with Alacra’s other datasets. The Bankers Almanac data can also be accessed by Alacra Risk Monitoring, a solution that monitors entities that are onboarded using ACE and can alert users to any status changes of banks that are noted in Bankers Almanac.

The Bankers Almanac Due Diligence Data File contains information on over 24,000 legal banking entities and more than 110,000 non-bank financial institutions, including corporate profiles, legal hierarchies, ownership data and key personnel. ACE can also provide links to Bankers Almanac Due Diligence, a database of current and historical Know Your Customer documents.

Alacra has relationships with about 100 different publishers and offers its clients access to almost 200 unique datasets. Steve Goldstein, CEO at Alacra, says: “Our partnership with Accuity is particularly exciting as Bankers Almanac is a key source of global information, a great brand and an excellent product. Our clients will still use Bankers Almanac for all sorts of research purposes, but to onboard new banks they will now most likely use ACE.” The integration of Bankers Almanac and ACE is complete and Goldstein reports that some Alacra clients, mostly large banks, are testing the solution. He also expects new clients to be attracted to ACE following the integration.

From Accuity’s perspective, Robert McKay, managing director of risk, says: “This is an important development in the availability of an exceptionally comprehensive reference data resource. I am confident our partnership with Alacra will provide the accessibility and functionality our shared clients have requested. I expect the partnership will present greater opportunities for new users to access our data.”

As well as adding Bankers Almanac to its data sources, Alacra is extending the functionality of its solutions. Next on the product roadmap is a new release of Alacra Compliance Web Services, a suite of application programming interfaces that enable seamless transition between a customers’ internal systems and the ACE application. In addition to facilitating automated import and export of data, Alacra Compliance Web Services can be used to embed ACE capabilities within existing platforms. Alacra Risk Monitoring, which is currently a fully integrated module within the ACE application, will be released as a standalone solution late in the first quarter or early in the second quarter of this year.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to apply innovative e-comms surveillance whilst ensuring control, compliance and enhanced productivity

Date: 19 October 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Remember the days when email was the predominant media for electronic communications within and among financial institutions? Fast forward to today, and email represents a declining fraction of these e-comms, many of which are hosted by modern collaborative platforms...

BLOG

Alveo Expands Relationship with FactSet to Offer Data-as-a-Service

Alveo has expanded its relationship with FactSet, which added FactSet ESG content to Alveo’s data management platform, with a collaboration that combines the companies’ data and data management capabilities to provide customers with solutions that integrate FactSet content into workflows and databases. The collaboration is designed to minimise time needed to onboard new data sets...

EVENT

Data Management Summit New York

Now in its 12th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...