ACA Group has announced the acquisition of Encore Compliance, a leader in AI-driven risk management and compliance software solutions. This strategic move enhances ACA’s Managed Services suite, introducing AI-enabled surveillance that assists asset managers and investment advisors in meeting regulatory requirements from the SEC, FCA, and ESMA. The integration aims to bolster compliance controls by enabling research teams to develop expert libraries and identify risks in communications subject to increased regulatory scrutiny.
The SEC’s intensified focus on expert networks and alternative data has underscored the need for robust compliance tools. Encore’s technology provides compliance teams with the capability to monitor and mitigate risks related to material non-public information (MNPI). This advancement facilitates a more efficient operation for compliance and investment teams, offering timely insights, call summaries, and automatic transcriptions of expert calls.
Patrick Olson, CEO of ACA Group, emphasized that this acquisition represents a significant milestone for the company. He noted that integrating Encore’s AI-driven solutions not only expands ACA’s service offerings but also strengthens their commitment to enhancing operational efficiency for clients facing regulatory challenges. The combined technology allows ACA to provide comprehensive compliance support, whether through their Managed Services team or as a standalone solution.
Encore’s co-founder, Scott DePetris, expressed excitement about joining forces with ACA Group, believing that their sophisticated technology will greatly benefit a wider audience. This acquisition further enhances ACA’s established expertise in expert network call chaperoning, integrating advanced AI reviews to provide clients with a more comprehensive compliance solution. With this acquisition, ACA aims to redefine industry standards for expert call management and compliance risk mitigation.
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