The Alacer Group – Financial Services Consultants

Alacer is an elite network of experienced consultants and practitioners with deep experience in financial services and technology. We provide consulting services, technology solutions, and managed staffing. We are an agent of change and a trusted resource for Fortune 500 companies and growing organizations alike. If you have a mission-critical challenge, we have the experience, integrity, and intelligence to get you better results faster.

Delivery:

We walk the talk, with integrity, ability and enthusiasm.

Satisfaction:

We share your aspirations, put your needs first, and exceed expectations.

Value:

Fast and smart, direct to the bottom line. Our success is measured by your success.

The best business solution for you

Operations, compliance, technology, or staffing: Whether your business is facing a critical risk or seeking to capitalize on a critical opportunity, we have the proven expertise to help banks and financial institutions navigate a recovering economy and a fluid regulatory environment.

Create and protect your value

Process Design, Reengineering, and Optimization

Conversion from manual to automated workflow
Existing process reengineering for both manual and automated processes
New process / workflow design from concept through detailed business and system requirement

Risk and Compliance

Fraud Risk
Enterprise Risk
Regulatory Risk
Technology Risk
Operational Risk
AML, Sanctions and Financial Crimes Risk

Technology Solution Development and Implementation

Help desk support
Program management
System design and implementation
System enhancement and optimization

Staff Augmentation and Human Resource Management

Business Analysts
AML Investigators
Loan Administrators
Mortgage Underwriters
Process / Lean Experts
Certified Fraud Examiners
TRID Closers and Post Closers
Program and Project Managers

Products

Velocity FinCrime Solution Suite

Velocity FinCrime Solution Suite helps financial institutions comply with Anti-Money Laundering (AML), Bank Secrecy Act (BSA), and FATCA regulations with ease and simplicity. The solution has been built using Artificial Intelligence (AI), Machine Learning (ML) and Big data capabilities, which allows system to use multiple detection methods and an advanced analytics engine to help institutions, large and small, achieve compliance while reducing risk and increasing efficiency.

Velocity Country Risk Score

Velocity Country Risk Score is a composite measure of uncertainties of doing business in a particular country. Arising out of various global and systemic factors related to geo-political, macro-economic, social, and legal environments of a country, these uncertainties capture broader regulatory risks germane to the jurisdiction in reference that includes money laundering and terrorist financing risks. It is a comprehensive risk management tool that can be used by all institutions.

Case Studies

Meeting AML/CTF and FATCA Compliance with Velocity

Results: After a diligent search and selection process, the bank chose Alacer’s Velocity FinCrime suite for meeting all criteria with the best overall cost of ownership.

General Ledger Reconciliation Process Streamlined

Results: Restructuring and automation improved quality, speed and efficiency.

Alacer Re-Engineers Process to Remediate Monitor Findings

Results: Identifying roles and responsibilities helped resolve monitor findings.

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White Papers

Developing a Compliance Risk Assessment Framework

As risks grow in complexity and intensity, financial institutions need compliance, analysis and review.

Identity Theft and Account Takeover Fraud

Fraud from identity theft, account takeover and creation of new accounts continues to grow and has become a focus for financial institutions and their regulators, with losses estimated at $5 billion a year.

Understanding Fraud and Factors to Consider When Developing a Fraud Detection and Deterrence Program

Fraud takes many forms but it’s almost always preventable when an organization has the right policies, procedures and controls securely in place. This paper reviews the origins of fraud and considers best practice prevention.

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