ACA Group, a leading provider of governance, risk, and compliance solutions in the financial services industry, has announced the acquisition of Encore Compliance, a leader in AI compliance software solutions. The acquisition will enhance ACA’s Managed Services suite by adding AI-enabled surveillance for expert network chaperoning and research calls to help asset managers and investment advisors comply with SEC, FCA, and ESMA regulations.
This technology will enable compliance teams to monitor and protect against material non-public information related risks of multiple compliance regimes in a more efficient and insight-driven manner. By leveraging AI technology, compliance and investment teams will benefit from accurate and timely insights, comprehensive compliance-reviewed call summaries and transcripts, and automatic transcription and review of expert calls.
Patrick Olson, CEO of ACA Group, stated that the acquisition of Encore Compliance represents a significant milestone for ACA Group, expanding their suite of Managed Services and enhancing compliance and operational efficiency for clients. Scott DePetris, Co-Founder, Chairman, and CEO of Encore Compliance, expressed excitement about joining forces with ACA Group and bringing their sophisticated technology to a broader audience.
ACA Group has been providing expert network call chaperoning for over six years and the acquisition of Encore Compliance will enhance this process through AI-enabled review. The Financial terms of the acquisition were not disclosed. ACA Group’s Managed Services suite offers specialized solutions to support day-to-day compliance requirements and can be paired with ACA ComplianceAlpha®, a comprehensive regulatory technology platform for financial services firms.
For more information about ACA Group and Encore Compliance, visit their respective websites.
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