Online software provider Alacra has released its latest web-based workflow tool, Alacra Compliance.
Alacra Compliance is a client vetting tool which combines federated search technology and a configurable user interface with access to business information from publishers like Factiva and World-Check.
Additionally, Alacra Compliance is designed to retrieves relevant information from Alacra Compliance Web, an index of more than 600 global regulatory websites that have been crawled by Alacra, providing customers with a complete view of their potential client, partner or individual.
According to Alacra CEO, Steve Goldstein, The broadening of Patriot Act and FSA account vetting requirements for financial institutions has created the need for a comprehensive yet easy-to-deploy research application so that CIP, KYC and EDD processes can be streamlined and standardized. Alacra Compliance provides a structured and consistent method to search content, and document account vetting efforts to ensure that the stringent requirements of all regulatory agencies are met.