A-Team Insight Author: sharon
Key Factors for Successful Implementation of Automation in KYC
By Nick Ford, Head of Alliances at encompass, and Matt Neill, Managing Director at Optechs. Since the financial crisis more than a decade ago, there has been a huge focus on Know Your Customer (KYC) and Anti-Money Laundering (AML) from global regulators, resulting in a stream of regulation as well as more than $23 billion...
Artesian Solutions Launches New Risk and Compliance Hub
Artesian Solutions, a UK-based client intelligence tool for financial services companies, has announced the general availability (GA) of its new Artesian Risk and Compliance Hub (ARCH), following two years of development. ARCH is designed to enable relationship managers, underwriters and frontline teams within banks, insurance companies, and other financially regulated industries to assess and understand...
Data Virtuality Breaks Data Management Mould with Logical Data Warehouse
Data Virtuality has broken the traditional data management mould with Logical Data Warehouse (LDW), a solution that combines the flexibility of a data virtualisation engine with extract, transfer and load (ETL) tools. It includes 200 connectors to data sources and consumption tools, allows users to access data in real time, and uses SQL language to...
UnaVista Takes on 25 New SFTR Partners
UnaVista, part of the London Stock Exchange Group, in June welcomed 25 new software vendors to its SFTR partner programme: including Calypso Technology, Equilend, IHS Markit, Trax, the post-trade services arm of MarketAxess, Broadridge and Murex S.A.S. The new partners will connect directly into UnaVista’s SFTR platform, allowing their clients to report all their required...
SS&C Proposes Acquisition of Australian Financial Technology Provider GBST Holdings
SS&C is back on the acquisition trail, this time announcing a non-binding indicative proposal to acquire Australian financial technology firm GBST Holdings for approximately A$221 million (equivalent to about US$155 million). While the company made four successful acquisitions in 2018, this one may not complete as it is reported that FNZ, a wealth management specialist...
Are Companies Right to Outsource Software Testing?
By Iosif Itkin, CEO and co-founder, Exactpro, and Daria Degtyarenko, Researcher, Exactpro. With regulatory requirements and business pressures putting an ever-tightening squeeze on financial services, firms tend to look for the most efficient ways of ensuring the quality and stability of their platforms, with some turning to quality assurance outsourcing. However, outsourcing might not always...
Capital Markets AML Gaps Need Plugging with RegTech, Says FCA
There are significant gaps in anti-money laundering (AML) defences within capital markets, according to a recent UK Financial Conduct Authority (FCA) thematic review, ‘Understanding the Money Laundering Risks in the Capital Markets’. Many of the issues raised by the regulator either relate to the way financial crime technology is deployed within capital markets, or how...
Five Fundamental Forces are Reshaping RegTech Says MetricStream’s Mazzone
Although there is considerable hype around technology buzzwords such as artificial intelligence (AI) and machine learning (ML), the reality is that today, the world of RegTech is being shaped by other, more fundamental forces, says Anna Mazzone. Mazzone is general manager and managing director for UK and Ireland at MetricStream, as well as a non-executive...
Regulators Double Down on BCBS 239 Data Quality Focus
The European Central Bank (ECB) and other financial services regulators will increase their focus on improving the quality of data they receive from financial institutions over the next 24 months. Speakers at the Vermeg Annual Regulatory Reporting Conference, held in London in late June, said regulators are analysing the quality of the Basel III data...
Evolution of the Algo Trading Desk
The algo trading desk continues to develop, driven by technology opportunity and competitive markets, but other factors are also playing into development as the buy-side and sell-side acknowledge the need for more communication and brokers invest in data transparency. The evolution of the algo trading desk and the role of both buy-side and sell-side firms...