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  • Google Powered Vertical Search Engine, Added to Alacra


  • 10/16/2006 - Google Powered Vertical Search Engine, Added to Alacra
    New York, New York - October 16, 2006 - Alacra Compliance Web, a vertical search engine designed to facilitate and accelerate the account vetting process for financial institutions, has been powered Google Search Appliances. The Alacra Compliance Web is an integral part of Alacra Compliance, developed to assist banks and broker/dealers employ a consistent, comprehensive and documented process for Customer Identification Programs (CIP), Know-Your-Customer (KYC) efforts and Enhanced Due Diligence (EDD) to meet Patriot Act, BSA and FSA regulatory requirements.

    According Steve Goldstein, CEO of Alacra, ''Alacra Compliance offers our customers federated searching on best of breed databases. To match the quality level of these databases for the Alacra Compliance Web, the obvious choice was to utilize the Google Search Appliance.''

    Matthew Glotzbach, Head of Products for Google Enterprise commented, ''Compliance is a certainly a top priority among financial institutions. By adding the Google Search Appliance, Alacra is helping make it easier for financial institutions to find compliance related information.''

    Typical questions that an Alacra Compliance web search might answer:
    - Is Neoware listed on a U.S. stock exchange?
    - Is Segoes Securities allowed to conduct business in the Cayman Islands?
    - Has GLG Partners been the subject of any regulatory disciplinary actions?

    A workflow tool that helps banks and broker/dealers meet anti-money laundering regulatory requirements, Alacra Compliance incorporates Alacra's federated search technology which simultaneously searches multiple premium business information databases from renowned publishers like World-Check, Factiva, and LexisNexis, as well as regulatory watch lists and the Alacra Compliance Web. Alacra is a global provider of business and financial information and solutions. A privately held company founded in 1996, Alacra is headquartered in New York. The company provides a diverse portfolio of authoritative databases along with proprietary solutions that enable users to quickly find, analyze, package and present mission-critical business information. 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 deploy business information in the daily workflow.



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