RegTech Insight Blogs The latest content from across the platform

New Solutions Emerge to Help Firms Address SRD2 Issues

A surge of new solutions is emerging to help firms meet the data challenges of Shareholder Rights Directive II (SRD2), which came into force on September 3, 2020 despite pleas from the industry for a delay due to Covid-19 pressures. “We ask you to consider, as a matter of urgency, a delay in the implementation…

VP Bank Taps AxiomSL for Multi-Jurisdictional Reporting

VP Bank, one of Liechtenstein’s largest banks, is planning to consolidate its risk and regulatory reporting using AxiomSL’s ControllerView platform as the foundation for compliance across its key centres of operation: Liechtenstein, Luxembourg, Singapore and Switzerland. The bank expects to leverage the implementation to launch a strategic expansion in these areas. Regulatory reporting is emerging…

Fenergo Said to Be Mulling IPO as Rumours of Sale Swirl

Following the success of VC stablemate NCino’s $250 million IPO back in June, rumours are swirling that Dublin-based client lifecycle management specialist Fenergo may be contemplating a significant corporate event, with possibilities ranging from an IPO of its own to a trade sale of the company. While sources close to the company are hinting that…

LIBOR is Ending – But Most Firms Aren’t Ready, Finds Numerix

The decommission of LIBOR is making a huge imprint on the global financial services sector. The transition from LIBOR to alternative reference rates could be the largest financial engineering project the world has ever seen. So what are financial institutions are doing to prepare for the switch to alternative reference rates, and how far along…

CSS’s Amfine Purchase Completes End-to-End Reporting Capability

New York-based Compliance Solutions Strategies’ (CSS) acquisition of Amfine, a European provider of SaaS-based reporting for investment managers, fills a gap in the firm’s regulatory reporting solution lineup and allows it for the first time to offer end-to-end compliance for fund managers and insurers. With the all-cash acquisition complete – terms weren’t disclosed – the…

AI and its Impact on the Future of Regulatory Compliance

By Jordan Domash, General Manager, Relativity Trace. Over the last 10 years, the term artificial intelligence (AI) has turned into a dinner table conversation topic despite the fact that most people cannot accurately define what AI is even in simple terms or truly understand all the possibilities of the technology. AI doesn’t need to be…

ACA Compliance Pushes Ahead with Ambitious Expansion Plans

ACA Compliance Group (ACA), a provider of governance, risk, and compliance (GRC) advisory services and technology solutions, last month successfully secured $40 million in new funding from its existing investor group, led by Starr Investment Holdings (SIH), which acquired a controlling interest in ACA in 2018. The influx of cash looks likely to push ACA’s…

SmartStream Adds MiFID II Derivatives Component Ahead of September Deadline

SmartStream Technologies, the financial Reference Data Utility (RDU) solutions provider, has added derivatives to its Systematic Internaliser (SI) Registry service, to help clients meet the rapidly approaching MiFID II deadline of 15 September, 2020. The new service will allow trading counterparties to identify who is responsible for reporting trades in general, but also supports them through one of the most…

LPA Group Acquires RegTech Acarda

Capital markets technology specialist the LPA Group has acquired the Acarda Group, a provider of RegTech solutions for asset managers, fund administrators, insurance companies and banks focusing on the automation of regulatory reporting and automated data management. The accretive, add-on acquisition was preceded by a successful collaboration and test phase starting in April 2020. Acarda’s…

ComplyAdvantage Partners with sync. On Financial Crime Compliance

Screening specialist ComplyAdvantage has won a new mandate with fast-growing digital banking app sync. to improve the latter’s AML and anti-fraud capabilities using the RegTech’s AI-driven platform. The partnership will allow the open banking app to run its compliance and risk management processes more smoothly, and to better monitor its customers’ activity; while the relationship…