RegTech Insight Blogs The latest content from across the platform

Bloomberg Acquires RegTek.Solutions Amid Growing Demand for Reporting Integration

Last week Bloomberg announced the acquisition of RegTek.Solutions, a 2017 software spin-out from capital markets consulting firm Risk Focus. The move marks a renewed focus from Bloomberg on the regulatory reporting space, amid growing demand from financial institutions for more strategic, harmonised solutions to help meet today’s increasingly rigorous compliance challenges. Financial institutions are facing…

Industry Bodies Join Forces to Create New SFTR/EMIR Master Reporting Agreement

The International Securities Lending Association (ISLA) has partnered with the Futures Industry Association (FIA), the International Capital Market Association (ICMA) and the International Swaps and Derivatives Association (ISDA) to create a new Master Reporting Agreement compatible with SFTR and EMIR. The EMIR and SFTR reporting regimes share certain key features – in particular, both provide…

Bank Hapoalim Selects Wolters Kluwer’s OneSumX Software for Measuring Counterparty Credit Risk

Leading Israeli institution Bank Hapoalim has signed up with Wolters Kluwer to manage its credit risk profile using the firm’s OneSumX solution for risk management. The bank will utilise the software for measuring counterparty credit risk as per Basel III’s Standardised approach for measuring counterparty credit risk exposures (SA-CCR), which first came into force January…

NICE Actimize Launches New Regulation BI Solution

On June 5, 2019 the US Securities and Exchange Commission (SEC) voted to approve the new Regulation Best Interest (BI), imposing rigorous new requirements to ensure firms are transparent and act in their clients’ best interest. Due to come into force on June 30, 2020, the new rule substantially upgrades existing suitability regulations to raise…

SmartStream Expands Further into Germany with New Partnership

Transaction Lifecycle Management (TLM) solutions provider SmartStream Technologies has moved further into the German market, joining forces with Finanz Informatik Solutions Plus (Finanz), a specialist in outsourcing, consulting, development and integration services for business applications in the financial sector. Under the new agreement, Finanz will help its German clients with implementation projects and application management…

SEC Updates Regulatory Disclosure Requirements

The US Securities and Exchange Commission (SEC) has voted to propose rule amendments to modernize the description of business, legal proceedings, and risk factor disclosures that registrants are required to make to ‘Regulation S-K’ – a US regulation that lays out reporting requirements for public companies. The proposed amendments are intended to update the rules…

ComplyAdvantage Expands with New York and London Offices

ComplyAdvantage, a UK-based regtech firm that uses data science and machine learning to neutralize the risk of global financial crimes, has opened new offices in both London and New York to service the growing demand for modern compliance solutions. The firm has opened commercial offices in Covent Garden, London and in Bryant Park in New…

KRM22 Launches Digital Client Onboarding Application

Risk management technology provider KRM22 has partnered with Veridate Financial Limited to add a digital onboarding service to its Global Risk Platform, helping customers to more effectively comply with KYC and AML requirements. The new solution is targeted at discretionary wealth managers, financial services administrators and regulated platform operators, offering an integrated Software-as-a-Service (SaaS) solution…

UK SupTech Firm FNA Wins $5.5m Series A Funding

London-based supervisory technology (‘SupTech’) start-up FNA has closed a $5.5 million Series A investment round led by IQ Capital, with participation from GETTYLAB. Founded in 2013, FNA offers deep technology analytics company via a platform that uses network analytics, AI and machine learning platform to help financial institutions to map and monitor complex financial systems,…

Regulators Discuss SM&CR and IT Failure at UK Parliamentary Hearings

The UK’s parliament’s treasury committee recently held a series of hearings on IT failures in the financial sector. Over the course of the hearings, at which representatives of the Bank of England, the Financial Conduct Authority and the Prudential Regulatory Authority spoke, the regulators discussed work completed and work in progress around operational resilience in…