A-Team Insight Author: A-Team
OneTrust Launches Schrems II Solutions After Landmark EU Judgement
The landmark decision in July from the Court of Justice of the European Union (CJEU) on Schrems II has changed the way that organisations must manage personal data transfers – creating a whole raft of new challenges that firms must urgently address. To legally transfer personal data from the EU to a third country, it...
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...
ESMA Yet Again Postpones CSDR Settlement Discipline
In the wake of the UK’s Chancellor Rishi Sunak rejecting the EU’s Central Securities Depositories Regulation (CSDR) settlement discipline regime as part of its adoption of EU regulations post-Brexit, it looks as if the European regulator too is now having second thoughts. Last week, ESMA published a final report on the draft technical standards of...
Big Data Technology for Regulatory Reporting Is Getting Lots of Publicity: It Might Have Real Star Quality
By Vlad Etkin, CTO, AxiomSL. It has only been a few years since the concept of big data was first heard in association with regulatory reporting, and while there are still questions about what it really is and its applicability to regulatory reporting, it’s obviously here to stay. However, as with all new concepts, it...
A Well-Designed Intraday Data Research Environment Can Help Traders Outsmart the Competition
By Scott Mayster, Global Product Manager of Tick Data, a subsidiary of OneMarketData. Today’s financial markets have been roiled by volatility, global economic turmoil, and the pressure of continued regulatory obligations. To navigate these dynamic conditions, remain compliant, and drive competitive advantage, traders need fast and efficient access to quality market data and the ability...
Archax’s FCA Approval Paves Way for Institutional Trading of Digital Assets
London-based Archax last week received long-awaited regulatory approval for its digital securities exchange for tokenised assets. The development makes Archax the first FCA-regulated digital exchange, paving the way for institutional market participants to trade in tokenised assets when the exchange launches sometime in 2021. Archax was founded by a group of market practitioners to offer...
Mphasis Partners with iMeta on AI-Driven KYC Model
Cloud and cognitive specialist Mphasis has launched a brand new strategic partnership with the UK’s iMeta Technologies, a provider of onboarding, client lifecycle and master data management software and services, to deliver a next generation onboarding model for the UK and Europe that aims to disrupt the traditional KYC market through the use of AI....
Snowflake to Go Public in Latest Cloud Twist
Snowflake Computing, one of the rising stars in the cloud firmament, on Monday this week filed for an IPO – heralding one of the most exciting public offerings in the tech space this year. The move marks a growing shift towards the cloud, exacerbated by the unique working conditions imposed by Covid-19, that has seen...
The Reconciliations Revolution: How COVID-19 is Shining a Light on Outdated Technology
By Mark Bolton, Head of Sales, International, Gresham Technologies. Automation was once embraced wholeheartedly by reconciliation departments as companies leaped at the opportunity to integrate the latest efficiency driving technology to bring about change and improvement. However, in more recent times this has been replaced by a mood of complacency and stagnation, characterised by a...
Glue42 Teams with Leading Point to Promote ‘Composable Enterprise’ for Front Office
London-based smart desktop protagonist Glue42’s new partnership with consultant Leading Point Financial Markets – announced last week – is aimed at accelerating the uptake of the so-called ‘composable enterprise’ approach to optimising work flows in the financial front office. The approach – espoused by industry analysts like Gartner – allows firms to create a kind...