Legal Entity Identifier (LEI).
“Financial institutions are under tremendous regulatory and compliance pressure in a difficult economic environment. The Alacra Authority File helps solve a number of critical regulatory and compliance challenges in an extremely cost-effective manner,” said Steve Goldstein, CEO of Alacra.
The Alacra Authority File (AAF) provides key legal entity reference data on large financial institutions’ core clients and counterparties. Using a global research team and proprietary monitoring software, Alacra carefully tracks these entities to alert customers to changes to name and address information as well as regulatory status, listing status, rating status and entity identifiers.
“It’s one problem getting the data correct once. It’s an entirely different and larger problem to keep reference data accurate over time,” Mr. Goldstein added. “While the accuracy of our data is unsurpassed, it’s delivering changes to the data that makes the Alacra Authority File uniquely valuable.”
The Alacra Authority File contains a growing set of over 170,000 global business entities. To be included in the AAF an entity must meet one of the following criteria: 1) the entity has a security listed on a global exchange; 2) the entity is rated by either Moody’s, S&P, Fitch or A.M. GICs.
The Alacra Authority File is part of Alacra’s Counterparty Intelligence suite, which includes Alacra’s Concordance services for cleansing and de-duping customer and counterparty data and Alacra Risk Monitoring, which continuously queries premium databases for adverse news, sanction list hits and PEPs among client’s customers and counterparties.
Alacra is a leading global provider of business and financial information and solutions. Alacra provides innovative information solutions to more than 400 global financial institutions, corporations, and professional services firms. Alacra's workflow tools aggregate, filter, and custom package mission-critical business information from 200 premium databases and a hand-curated universe of 3,000+ web-based sources, delivering user-ready results for banking, compliance and reference data professionals. For more information about Alacra, visit the company's Web site http://www.alacra.com or call customer service at (212) 363-9620.
For further press information, please contact:
Carol Ann Thomas
1 212 806 3841
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