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: Meeting the challenges of regulatory change

Regulatory change is constant, complex and challenging, calling on financial institutions to attend to details of change whether relatively minor or large scale. Recent regulatory changes include MiFID II post-trade transparency requirements, including ESMA’s increase in data continuity checks that brokers must prepare for, and trading venues must make, when reporting instrument reference and quantitative...

BLOG

Corlytics Buys SparQ from ING in €5 million Deal

Dublin-based Corlytics has acquired ING SparQ, which helps financial institutions identify and implement external regulation more efficiently, in a transaction valued at €5 million. Corlytics will SparQ with its own capabilities to create a unified ‘monitoring to policy’ platform that automates the regulatory change lifecycle and allows firms to update and enforce internal policies and...

EVENT

TradingTech Summit London

Now in its 12th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.

GUIDE

Regulatory Data Handbook – Second Edition

Need to know all the essentials about the regulations impacting data management? A-Team’s Regulatory Data Handbook is a great way to see at-a-glance: All the regulations that are impacting data management today A description of each regulation The impact each will have from a data and data management perspective Messages from sponsors with products related to...