ACA Group (ACA), a provider of governance, risk, and compliance (GRC) solutions to the financial services industry, has acquired Encore Compliance (Encore), an A.I. compliance software solutions vendor, officials say. “This acquisition enhances ACA’s Managed Services suite of people, processes, and technology, adding A.I.-enabled surveillance for expert network chaperoning and research calls to help asset… Read More >>
ACA Group & Foreside Agree to Merge
Genstar to Be Majority Owner of Combined Company Governance, risk, and compliance (GRC) solutions vendors ACA Group and Foreside Financial Group have signed a definitive agreement to combine their two companies, officials say. Private equity firm Genstar Capital, which invested in Foreside earlier this year, will become the majority owner of the combined business… Read More >>
Financial Crime Probes Miss the Mark: Report
Banks and other financial firms are expected to encounter “increasing risks and exposure to losses” because of “hackers and online adversaries.” That is the top-line conclusion of the 2020 Global Financial Crimes Survey, conducted by Authentic8, in partnership with the Association of Certified Financial Crime Specialists (ACFCS). Authentic8 offers a platform that “enables anyone, anywhere,… Read More >>
ACA Compliance Group to Acquire Cordium
Acquisition to Expand ACA’s Services in Europe ACA Compliance Group reports that it will acquire Cordium, a provider of governance, risk and compliance (GRC) services. ACA, a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity, expects the transaction to close this summer, subject to regulatory approvals…. Read More >>
Wolters Kluwer Adds OneSumX Strategy VP
Wolters Kluwer Financial Services reports that industry veteran Richard Reeves has joined as vice president of strategy for its governance, finance, risk and compliance (GFRC) solution suite, OneSumX. Reeves will “work directly with Wolters Kluwer Financial Services’ product management, sales, marketing and business development teams to help customers across the globe utilize OneSumX to address… Read More >>
Aite: Spending on GRC Systems to Hit $400M
A federal appeals court on Wednesday overturned two convictions resulting from the government’s high-profile insider trading crackdown, a move that could make it much harder to prosecute such cases going forward. Nonetheless, firms are investing heavily in governance, risk and compliance (GRC) software systems. In fact, market research firm Aite Group expects compliance technology spending… Read More >>
Post-Trade Ops: Not Just for Wannabe Traders Anymore
When Josh Brodman first dipped his toe into post-trade operations, he wasn’t quite sure what to expect. It was 2005 and Brodman, then a junior majoring in finance at Binghamton University, had just secured an Ops internship at a hedge fund with roughly $6 billion in assets under management (AUM). “I was looking across the… Read More >>
Aite Reports on GRC Tools Market
Securities firms have to impress upon employees the necessity of good governance, risk, and compliance tools that can help restore trust among clients, according to a new report from market research firm Aite Group. However, firms will have to find GRC support systems in a highly fragmented market, researchers say. “To meet regulatory obligations and… Read More >>
