ACA Honored in Inaugural FinCrimeTech50 Award for 2024

We are honored to be one of the first firms to be recognized by the FinCrimeTech50 in its inaugural year. This accolade recognizes the world's leading tech companies dedicated to fighting money laundering, fraud, and financial crime within the financial services industry. Being listed among the FinCrimeTech50 underscores our commitment to innovation and excellence in financial crime prevention.

The FinCrimeTech50 is an annual list highlighting 50 of the most innovative companies offering solutions for financial crime and fraud prevention. The selection process involves a rigorous review by a distinguished panel of analysts and industry experts, focusing on the significance of the problem being solved, growth metrics, technological innovation, and the impact on the value chain for clients.

"We are honored to be recognized in the first-ever FinCrimeTech50, which reflects our commitment and the success of our financial crime prevention solutions,” said Steve Blossom, Partner, Global Head of Managed Services at ACA. "We constantly work to improve our technology and services to keep up with the changing demands of financial institutions."

As financial institutions continually face new and complex threats, our advanced Anti-Money Laundering (AML) and cyber solutions provide robust protection and regulatory compliance. Our solutions address a wide range of financial crimes-related threats and regulatory concerns, including AML, Foreign Corrupt Practices Act (FCPA) compliance, anti-bribery measures, and comprehensive cybersecurity services.

“Our commitment to helping financial services firms address financial crime risks is unwavering. We continually enhance our solutions to ensure that our clients can effectively manage their AML programs and comply with various regulatory requirements,” said Pat Conroy, Partner, Head of Technology Sales “Our inclusion in the FinCrimeTech50 highlights our role as a leader in this critical area, providing cutting-edge technology and expert guidance to safeguard the financial industry.”

Financial crime remains a significant challenge for financial services firms, particularly in the U.S. and the UK. In the U.S., the Financial Crimes Enforcement Network (FinCEN) reported over 3.3 million suspicious activity reports in 2023 alone, emphasizing the critical need for robust AML solutions. Similarly, the UK’s Financial Conduct Authority (FCA) has intensified its efforts to combat financial crime, issuing substantial fines to firms failing to comply with AML regulations. These statistics highlight the importance of effective financial crime prevention strategies, and the vital role technology plays in these efforts.

How we help

ACA’s AML and Financial Crimes practice offers advisory services and solutions to assist financial services firms in addressing threats and regulatory obligations associated with financial crime. We work with investment advisers and broker-dealers, among others, to assess risk, develop policies and procedures, and perform independent tests and gap analyses. Our support can incorporate our ComplianceAlpha^® regulatory technology and managed services to help your firm meet its data screening, ongoing monitoring, remediation and reporting needs.

Reach out to your ACA consultant, or contact us to find out how ACA can help you meet your AML requirements.

About FinCrimeTech50

The FinCrimeTech50 is part of a series of studies aimed at helping financial services executives identify the most impactful tech advancements in financial crime and fraud prevention. This recognition brings significant visibility and new opportunities for the selected companies, leading to new partnerships, investments, and increased sales.