New York (PRWEB) September 12, 2006 –-
Alacra, Inc., a leading provider of online business information solutions, announced today that the Company’s recently launched Alacra Compliance (http://www.alacra.com/compliance.asp) application has been named as a 2006 Model of Excellence award winner by InfoCommerce Group. Since its debut this spring, Alacra Compliance is changing the way that financial institutions meet their Anti-Money Laundering, “Know Your Customer” and Enhanced Due Diligence requirements.
InfoCommerce Group (“ICG”) is the leading consulting, publishing, conference and research company focused on the data publishing industry. Their annual Model of Excellence awards recognize innovative companies which effectively combine world-class software with high quality data. According to InfoCommerce Group President Russell Perkins, “Alacra Compliance cleverly marries a vertical search engine with federated search capabilities for premium content. The result is an innovative workflow application that helps financial institutions get their arms around rapidly changing regulatory requirements.”
Alacra Compliance is a productivity application that combines Alacra’s federated search technology with a set of capabilities to match the workflow of compliance researchers. Alacra Compliance leverages premium content, public records websites and the Alacra Compliance Web, a vertical search engine, to deliver a single set of results from hundreds of disparate content sources. It is aimed at assisting the growing number of specialists in financial services who conduct background due diligence on new and existing customers; these specialists are responsible for their firms USA Patriot Act, Bank Secrecy Act and UK.
FSA regulatory requirements for anti-money laundering compliance. Alacra Compliance helps these professionals quickly and consistently query all relevant sources of information, identify potential red flags, and document and share the results with other departments.
“Alacra is honored to be recognized by the InfoCommerce Group as a Model of Excellence winner,” said Alacra CEO Steven Goldstein. “We plan to continually enhance Alacra Compliance to better meet the needs of our customers.”
The Model of Excellence awards will be presented at the InfoCommerce 2006 Conference, to be held October 10-12 in Philadelphia. Barry Graubart, Alacra’s Vice President of Product Management will also serve as moderator of the Vertical Horizons session at this year’s InfoCommerce Conference.
About Alacra, Inc.
Alacra creates sophisticated online technology and services to help clients find, package and present business information. Financial institutions, professional service firms and other corporations have long used the same content sets to support clients, research deals and investigate market opportunities. The Alacra mission is to package this content and deliver it in a format that best meets each organization's precise needs.
Worldwide, more than 600 investment and commercial banks, management consulting firms, law firms, and other corporations, representing 50,000 end users worldwide, use Alacra to effectively find and deploy business information in their daily workflow. For more information, visit their website at http://www.alacra.com
For further press information, please contact:
Carol Ann Thomas
1 212 806 3841