Lowenstein represented ACA Group (ACA), the leading provider of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, in its acquisition of Encore Compliance (Encore), a provider of AI compliance software solutions.
This acquisition enhances ACA's Managed Services suite of people, processes, and technology, 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. Additionally, this technology can enable research teams to create their own expert library and identify potential risks in other voice communications subject to heightened regulatory oversight, aimed to strengthen overall compliance controls.
This technology creates a highly efficient, insight-driven operation for compliance and investment teams, who can now leverage the technology directly or through ACA's Managed Services Team. Users benefit from accurate and timely insights, comprehensive compliance-reviewed call summaries and transcripts, and automatic transcription and review of expert calls. AI technology meticulously identifies potential areas of concern, strengthening proactive risk management and enabling research teams to drive alpha generation through improved data quality.
The Lowenstein deal team included Michael A. Brosse, Mitchell McDonald, Elvis Pinos, Erich J. Kaletka, Megan Monson, Taryn E. Cannataro, Bryan Sterba, Bonnie E. Schipper, Sophia Mokotoff, Michael Walutes, Manali Joglekar, Stephen Tanico, and Eric Jesse.