Raca Group Buys Encore Compliance, Boosts Managed Services With Ai

1. ACA Group, a prominent provider of governance, risk, and compliance solutions for the financial services sector, has announced its acquisition of Encore Compliance, a recognized leader in AI-driven compliance software. This strategic acquisition bolsters ACA’s Managed Services portfolio, integrating AI-enhanced surveillance capabilities for expert network chaperoning and research calls, thereby assisting asset managers and investment advisors in adhering to SEC, FCA, and ESMA regulations. Furthermore, this innovative technology empowers research teams to develop their own expert libraries and pinpoint potential risks in other voice communications that are subject to increased regulatory scrutiny, ultimately aiming to fortify overall compliance measures.

In the United States, the SEC has escalated its examination of firms' utilization of expert networks and alternative data in accordance with Section 204A of the Investment Advisers Act. This intensified scrutiny is also evident in Europe under the Market Abuse Regulation (MAR). In this context, Encore plays a crucial role in assisting compliance teams in monitoring and safeguarding against risks associated with material non-public information (MNPI) across various compliance frameworks.

The technology facilitates a highly effective, insight-driven environment for compliance and investment teams, allowing them to utilize the technology directly or through ACA’s Managed Services Team. Users gain access to precise and timely insights, thorough compliance-reviewed call summaries and transcripts, as well as automated transcription and evaluation of expert calls. The AI technology diligently identifies potential areas of concern, enhancing proactive risk management and enabling research teams to generate alpha through improved data quality.

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