Acquisition strengthens ACA’s technology solutions to support day-to-day compliance requirements and mitigate risk
NEW YORK & LONDON–(BUSINESS WIRE)–ACA Group (ACA), a leading provider of governance, risk and compliance (GRC) solutions to clients in the financial services industry, announced the acquisition of Encore Compliance (Encore), a leader in AI compliance software solutions. The acquisition enhances ACA’s managed services suite with people, processes and technology to add AI-enabled monitoring capabilities to its expert network monitoring and research calls, helping asset managers and investment advisers comply with SEC, FCA and ESMA regulations. Additionally, the technology will enable research teams to create their own libraries of experts and identify potential risks in other voice communications that are subject to increased regulatory scrutiny, enhancing overall compliance management.
In the US, the SEC has increased scrutiny of firms’ use of expert networks and alternative data under Section 204A of the Investment Advisers Act. This increased scrutiny is also being felt in Europe under the Market Abuse Regulation (MAR). Overall, Encore helps compliance teams monitor and protect against material nonpublic information (MNPI) related risks across multiple compliance regimes.
The technology enables compliance and investment teams to achieve highly efficient, insight-driven operations. These teams can leverage the technology directly or through ACA’s managed services team. Users benefit from accurate and timely insights, comprehensive compliance-vetted call summaries and transcripts, and automated recording and review of calls by experts. The AI technology closely identifies potential areas of concern, enhances proactive risk management, and enables research teams to drive alpha generation through improved data quality.
“The acquisition of Encore Compliance marks an important milestone for ACA Group,” said Patrick Olson, chief executive officer of ACA Group. “This strategic move not only expands our managed services suite but also underscore our commitment to integrating AI-driven solutions that improve compliance and operational efficiency for our clients. With Encore’s advanced technology, available through our managed services team and as a standalone solution, we help clients navigate regulatory challenges and ensure robust compliance in complex environments.”
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“We are excited to join forces with ACA Group and bring our advanced technology to a broader audience,” said Scott DePetris, co-founder, chairman and CEO of Encore Compliance. “Our AI-enabled services seamlessly complement ACA’s existing offerings to provide a comprehensive and efficient compliance solution. Together, we are poised to redefine the industry standard for expert call management and compliance risk mitigation.”
ACA has been offering expert network call chaperone services for over six years. With this acquisition, ACA’s managed services will further enhance its AI-enabled reviews and call chaperone processes to provide clients with a more comprehensive solution. ACA’s managed services suite provides specialized solutions to support day-to-day compliance requirements and can be combined with ACA ComplianceAlpha®, a comprehensive regulatory technology platform for financial services firms. The technology consolidates risk and compliance management activities, transaction and electronic communications surveillance and monitoring, compliance program testing, and in-depth analytics to streamline compliance management responsibilities for risk and compliance teams.
Financial terms were not disclosed.
About ACA Group
ACA Group (ACA) is a leading advisor on governance, risk and compliance (GRC) in financial services. For more than 20 years, we have helped clients launch, grow and protect their businesses. Our 1,250-person global team includes former regulators and practitioners with a deep understanding of the regulatory environment. Our innovative approach combines advisory, managed services, delivery solutions and analytics with our ComplianceAlpha® technology platform. For more information, visit https://www.acaglobal.com.
About Encore Compliance
Founded by leading compliance and research experts, Encore Compliance is at the forefront of redefining expert call monitoring. Encore Compliance ensures protection against MNPI risks by empowering compliance officers to effectively manage risk using pioneering generative AI technology, and enables research teams to build their own research call libraries. Encore Compliance is committed to innovation and excellence and is dedicated to transforming the industry’s approach to expert call management.
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