ComplianceAlpha 2.0: Strengthen and streamline a risk and compliance program

ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions, launched ComplianceAlpha 2.0. This next-generation compliance and risk management platform helps financial services firms stay one step ahead of regulators’ increasingly advanced technological capabilities to detect insider trading, market abuse, and other potential misconduct.

ComplianceAlpha 2.0

The enhanced platform was designed and developed by the industry’s largest team of former regulators, financial technologists, and cybersecurity professionals. ComplianceAlpha 2.0 responds to the unique challenges faced by financial services firms around the world.

Jordan Schwartz, Partner at ACA Compliance Group, said, “To accurately and efficiently meet regulatory demands and identify risk, financial services firms no longer have to rely on manual processes and unconnected data sources. Firms need the support of an enterprise-wide, scalable technology solution that brings together their structured and unstructured data sets while allowing for easy feature updates as needs change.”

Key Features and Benefits of ComplianceAlpha 2.0

New employee personal trading surveillance software: ComplianceAlpha 2.0 introduces ACA’s new Employee Compliance solution, which updates, expands, and enhances the existing capabilities of Compliance ELF. Employee Compliance is available within the ComplianceAlpha platform to provide firms with a user-friendly application for managing and automating their firm’s personal trading surveillance, employee certifications, gift and entertainment requests and disclosures, political contributions, outside activity reporting, and more.

Enhanced scalability and support for third-party integrations: ComplianceAlpha 2.0 is built on an all-new, API-based infrastructure that allows the platform’s solutions to interact with each other as well as with clients’ third-party systems, while allowing for easy scalability to keep up with regulators’ evolving demands and technological capabilities.

Enhanced user experience: ComplianceAlpha 2.0 introduces a clean and modern interface to provide for a more intuitive user experience. The new platform also brings together all application management features so system administrators can easily manage users, permissions, and notifications from one place.

Patrick Conroy, Managing Director at ACA Compliance Group, said, “ComplianceAlpha 2.0 helps financial services firms of all sizes bring their firm’s compliance program to the level that regulators expect. The enhanced platform helps firms increase efficiency by automating manual tasks, reduce risk through enhanced surveillance capabilities, derive deeper insights through connected data, and free up valuable time for more strategic, higher-value tasks.”

Raj Bakhru, Chief Innovation Officer at ACA, said, “ComplianceAlpha 2.0 is just the beginning of our efforts to unify our software and delivery services to provide our clients with a comprehensive, future-proof solution that will help them do their jobs more effectively and efficiently while easily keeping up with regulatory changes and technological advances.”

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ComplianceAlpha 2.0: Strengthen and streamline a risk and compliance program