A-Team Insight Author: A-Team
UnaVista’s Closure of SFTR Service Adds Complexity to Reporting Landscape
The recent decision by London Stock Exchange Group’s UnaVista to close its SFTR reporting service will force clients to decide on selection and implementation of alternative arrangements for meeting their obligations under the EU’s Securities Finance Transaction Reporting regulation. UnaVista late last month said it would cease operations of its SFTR in January 2022, leaving...
Mind the Gap: Why RegTech Hasn’t Hit the Target (Yet)
By Bernadine Reese, managing director, and Jagdeep Sihan, associate director, at Protiviti UK. RegTech is a new and innovative industry. As the cost of compliance increases, and attention from regulators mounts, financial firms are looking for ways to make their processes slicker and prove that they work effectively. Technology can be part of the answer....
Sova Capital Selects Appway for Onboarding and KYC Refresh
Sova Capital has selected Appway, a provider of workflow orchestration, to provide solutions for a digital onboarding and KYC refresh. Sova will streamline its workflows using Appway’s Onboarding for Wealth, KYC and Regulatory Review solutions, and will support direct client interactions with Appway’s Client Engagement Hub. Sova Capital is an FCA authorised and regulated broker...
The Rise and Rise of the Financial Data Marketplace
By Mike O’Hara, A-Team Special Correspondent. Data is often cited as the most essential resource in today’s global economy, with many of the world’s most valuable companies, including Amazon, Facebook, Microsoft and Google parent Alphabet profiting massively from how they collect, use and sell data. In financial markets, investment and trading firms have traditionally sourced...
Cloud Comes to the Fore for Fails Management
By Daniel Carpenter, Head of Regulation, at Meritsoft, a Cognizant company. As financial market participants of all types await the regulator’s decision on mandatory buy-ins, preparations continue for the introduction of the new CSDR Settlement Discipline Regime. With the focus on updating systems and operational processes to meet the requirements around penalties, as a minimum,...
Refinitiv Integrates World-Check and EPIC to Fortify the Fight Against Fraud
Refinitiv has integrated World-Check and the EPIC platform from GIACT, which it acquired late last year, behind a single API, bringing together the former’s risk intelligence data and the latter’s ability to positively identify and authenticate customers in the fight against fraud and risk-related threats. “For over a decade, legacy solutions have failed to adequately...
Facteus Partners Snowflake to Migrate Sensitive Data to the Snowflake Data Cloud
Facteus, a provider of actionable insights from sensitive data, has joined Snowflake’s partner network with a focus on enabling financial services organisations to use its Mimic synthetic data engine and data enrichment services to transform, enhance, and migrate sensitive data to the Snowflake Data Cloud. Mimic is installed behind an organisation’s firewall and uses proprietary...
ROC and DSB Sign Memorandum of Agreement on Governance of Unique Product Identifier
The Regulatory Oversight Committee (ROC) and Derivatives Service Bureau (DSB) have finalised a Memorandum of Understanding (MOU) on the implementation of governance arrangements for the globally harmonised Unique Product Identifier (UPI). In October 2019, the Financial Stability Board (FSB) published governance arrangements for the UPI, outlining the governance framework and criteria for the UPI system....
Bloomberg Offers Market-Implied Probability of Default Product to Enterprise Data and Terminal Clients
Bloomberg has made its Market-Implied Probability of Default (MIPD) product, a market-driven creditworthiness indicator, available to both Enterprise Data and Bloomberg Terminal clients globally. MIPD enables clients to incorporate creditworthiness metrics within existing workflows for a more holistic approach to credit risk management. The product provides clients with a highly responsive, transparent, daily credit risk...
Delta Capita and QAssure Partner to Drive Innovation
Delta Capita, a provider of managed services, technology solutions and consulting to financial institutions, has partnered QAssure Technologies, an independent software testing company headquartered in Singapore, to deliver an open innovation platform designed to accelerate innovation and address the challenges that delay innovation, such as operational complexity and ever-changing regulation. The companies say proof of...