Client onboarding, reference data and business research vendor Alacra has partnered with Accuity, publisher of Banker’s Almanac, officials say.
The partnership will integrate Banker’s Almanac’s new Due Diligence Data File with Alacra Compliance Enterprise (ACE), with the aim of “significantly increasing the speed and efficiency of the client onboarding process for mutual customers,” according to a company statement.
Under the terms of the new partnership, Banker’s Almanac data will now be accessible simultaneously with Alacra’s other premium datasets through ACE and Alacra Risk Monitoring, officials say. ACE can also provide links to Bankers Almanac Due Diligence, a comprehensive database of current and historical know your customer (KYC) documents.
The partnership was requested by clients of both companies, adding, in a statement, that “Alacra’s product roadmap is driven by its user community and the integration of Banker’s Almanac with ACE was high on Alacra clients’ list of priorities,” officials say.
“This is an important development in the availability of an exceptionally comprehensive reference data resource,” says Robert McKay, managing director of Risk at Accuity, in a statement. “I am confident our partnership with Alacra will provide the accessibility and functionality our shared clients have requested. I expect the Alacra partnership will now present greater opportunitis for new users to access our data.”
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