ACA Group, a NYC-based provider of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, acquired Encore Compliance, a provider of AI compliance software solutions.
The amount of the deal was not disclosed.
This acquisition enhances ACA’s Managed Services suite of people, processes, and technology, adding AI-enabled surveillance for expert network chaperoning and research calls to help asset managers and investment advisors comply with SEC, FCA, and ESMA regulations. Additionally, this technology can enable research teams to create their own expert libraries and identify potential risks in other voice communications subject to heightened regulatory oversight, aimed to strengthen overall compliance controls.
Led by Scott DePetris, Co-Founder, Chairman, and Chief Executive Officer, Encore Compliance enables compliance officers to effectively manage risk with its Generative AI technology and ensures protection against MNPI risks and empowers research teams to build a proprietary research call library.
Led by Patrick Olson, Chief Executive Officer, ACA Group is a governance, risk, and compliance (GRC) advisor in financial services. With a global team of 1,250 employees, the company’s approach integrates advisory, managed services, distribution solutions, and analytics with the ComplianceAlpha® technology platform.
FinSMEs
29/07/2024