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

New Mobile App Boosts ACA Compliance Group Capability

Subscribe to our newsletter

In today’s increasingly distributed work environment, accessibility is everything – and firms are having to find new ways to meet their compliance requirements whilst managing a workforce that is more disparate, fragmented and remote than ever before. “With competing regulatory focus areas requiring vigilant oversight and cost pressures being higher than ever, it’s imperative that compliance becomes easier and more efficient for employees and compliance staff alike,” stresses Raj Bakhru, Chief Innovation Officer at ACA.

In an attempt to make this challenge easier, ACA Compliance Group has developed a new mobile app version of its ComplianceAlpha platform for risk and compliance management, providing financial services firms with a central hub from which to manage compliance, communication, and resources for both employees and compliance teams.

“Regulators across the globe are scrutinizing how firms are addressing COVID-19-related risks, issues, and challenges, including their business continuity planning (BCP), operational resilience, insider trading surveillance and market abuse detection, and code of ethics policies and procedures,” says Jordan Schwartz, Partner at ACA. “With many firms working from home, both compliance officers and employees need an easy and effective way to meet their regulatory obligations remotely.”

The new mobile app gives each employee access to the compliance portal, which should boost individual accountability, with access to a range of tools including the ability to manage requests and disclosures for trades, gifts and entertainment, and outside business activities; receive push notifications for important company information and urgent alerts, such as in BCP or disaster scenarios; and access all their documents in one place, including company documents (e.g. call chains, contact information) and compliance policies and procedures (e.g. code of ethics, insider trading/MNPI, and eComms)

The mobile app, which is available on IoS and Android, will serve as a key component of ACA’s RegTech solutions suite going forward, according to the firm.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for compliance with EU Market Abuse Regulation

EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation, technology and culture, financial institutions continue to struggle to stay on the right side of the...

BLOG

Regulated Firms that Don’t Trust Electronic Identification Verification Risk Financial Crime

More than 36% of people in regulated firms who ‘can’t trust’ electronic identity verification technology and instead rely on manual checks are leaving their doors open to financial crime, according to research by anti-money laundering specialist SmartSearch. This statistic, from SmartSearch’s 2023 annual survey of 500 compliance stakeholders across financial, accountancy, property and legal services,...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

High Performance Technologies for Trading

The highly specialised realm of high frequency trading without doubt is a great driver for a range of high performance technologies that are becoming essential tools for Wall Street. More so than the now somewhat pedestrian algorithmic trading and analytics/pricing applications that are usually cited as the reason that HPC is hitting the financial markets,...