A-Team Insight Author: sharon
Addressing Financial Crime and AML with RegTech: Insights from the RegTech Summit 2024
Since the Bank Secrecy Act (BSA) was enacted 54 years ago to prevent and detect money laundering and terrorist financing, the compliance obligation has evolved from a basic reporting requirement into a highly complex and continually evolving anti-money laundering (AML) regime. An expert panel at A-Team Group’s RegTech Summit (NYC) in November convened to evaluate...
The Data Year Ahead: More Data Formats and Use Cases
In the second part of our preview of the next 12 months in data management, we take in the views of experts who offered Data Management Insight their thoughts on a range of developments, including the increased use of unstructured data, the wider application of data sets and distribution challenges. 1 Data Governance, Quality and Technologies Ian...
Nine Reasons Advisors & Wealth Managers should Download this Essential AI Compliance Report
In today’s complex and evolving compliance landscape, advisory and wealth management firms are navigating a critical crossroads. The rapid emergence of AI technologies, particularly generative AI (GenAI) offers both unprecedented opportunities and complex challenges, reshaping how compliance teams operate. The Saifr commissioned survey and report, “From Caution to Action: How Advisors are Integrating AI in...
Broadridge Unveils AI-Powered Algorithm Insights Service for NYFIX
Broadridge Financial Solutions has introduced an AI-driven algorithm insights service for its NYFIX network, aimed at enhancing trading accuracy and reducing costs for buy-side firms. The new service leverages real-time liquidity mapping to help asset managers, hedge funds, and other institutional traders optimise their algorithmic trading strategies and improve performance. The solution, the first of...
SmartStream Chief Jaffer Sees Rapid Change in Year at Helm
Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary...
The Data Year Ahead: AI Reality Check and New Skills Needed
If 2024 was the year when artificial intelligence (AI) came to the fore in data management, the next 12 months could see its spread ebb as financial institutions take a reality check and slow the frenetic pace of adoption. That, at least, is one of the many predictions for the new year from of a...
Predictions for 2025: Regulatory Climate to Impact Data Management as KYC Initiatives Evolve
By Cenk Ipeker, General Manager, Product Management, Cloud, NICE Actimize. As we enter 2025, financial institutions are likely to witness a shift toward more efficient, customer-friendly, and compliant Know Your Customer (KYC) practices. These changes will occur as institutions navigate an evolving regulatory landscape and technological advancements, with data management becoming a key focus area...
Why is Comms Surveillance Still a Problem? Key Insights from RegTech Summit 2024
More than $3 billion in fines and even higher legal costs have underscored the persistent challenges firms face in e-communications surveillance. Despite abundant evidence of the regulatory, financial, and reputational risks at stake, this problem continues to vex compliance teams worldwide. This provided the context for a group of senior practitioners and RegTech experts convened...
A Holistic Approach to Regulatory Change Management: Insights from RegTech Summit 2024
In November, the RegTech community gathered for A-Team Group’s RegTech Summit in New York City, now in its eighth year. 2024 also saw a record number of national elections including the United States, the UK and six other G20 countries. The details of any changes in regulatory policy and any impact on Governance Risk and...
From Panic to Progress: Tackling the Trade Surveillance Data Challenge
Travis Schwab, CEO, Eventus. Over the past year, global regulators have hit firms with massive fines for lapses in data governance. This has triggered a state of near-panic across trade surveillance teams as they scramble to avoid a similar fate. In fact, there has been little time for much else. As one head of surveillance...