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The knowledge platform for the financial technology industry

A-Team Insight Author: sharon

SEC Charges 26 Financial Firms for Record-Keeping Failures, Resulting in $392.75 Million in Penalties

The U.S. Securities and Exchange Commission (SEC) has taken enforcement action against 26 broker-dealers, investment advisers, and dually-registered firms for widespread violations in maintaining and preserving electronic communications. The charges highlight longstanding failures by these firms to comply with federal record-keeping requirements. The implicated firms admitted to the facts outlined in the SEC orders, acknowledging...

ASIC Takes Legal Action Against ASX Over Allegedly Misleading Statements on CHESS Replacement Project

The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings in the Federal Court against ASX Limited, the country’s largest market operator, accusing the company of making misleading statements regarding its Clearing House Electronic Subregister System (CHESS) replacement project. ASIC contends that ASX misrepresented the status of the project in announcements made on 10...

Iress Enhances Fixed Income Trading Capabilities Through Strategic Alliance with Ediphy

Financial service software provider Iress, has entered into a strategic partnership with Fixed Income specialist Ediphy, to deliver a comprehensive fixed income trading solution to its global network. The collaboration will provide Iress trading customers with access to a low-cost trading mechanism and the ability to source extensive liquidity from fixed income providers and venues...

Delta Capita’s Kapoor and Kingsley Outline Compliance Tech Strategy

Delta Capita, best known for its capital markets consulting and managed services solutions, bolstered its client lifecycle management (CLM) offering earlier this year through the acquisition of GoldTier, a client onboarding solution, from LSEG. This has now been woven into Delta Capita’s AI-powered Karbon suite, which aims to streamline client onboarding, KYC, AML and regulatory...

MCO Extends KYC/KYTP Reach with Pythagoras Acquisition

Conduct risk and compliance technology provider MyComplianceOffice (MCO) has acquired Pythagoras, a Swiss provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions. The acquisition strengthens MCO’s product portfolio in the compliance technology sector, and marks a significant step in the company’s global reach, leveraging Pythagoras’ presence across Europe, South Africa and Hong Kong....

Unlocking Private Market ESG Data through AI

By Yann Bloch, VP Product Management at NeoXam. In today’s investment world, the importance of integrating environmental, social, and governance factors into investment strategies is no longer up for debate. Asset managers globally recognise that sustainable business practices are not only vital for ethical considerations but are also critical for long-term financial performance. Despite this recognition,...

TS Imagine Launches Real-Time CCP Margin Calculator for RiskSmart X

TS Imagine, the trading, portfolio, and risk management solutions vendor, has introduced a new CCP Margin Calculator within its RiskSmart X platform, giving sell-side firms the ability to calculate, on demand using real time prices, the margin requirements from their central counterparties (CCPs). RiskSmart X is specifically designed for prime brokers, risk managers, and operations...

Avelacom Enhances Network Latency Between Europe and East Asia

Ultra-low latency connectivity provider Avelacom has significantly reduced network latencies between European markets and key East Asian cities, including Tokyo, Shanghai, and Hong Kong. The company claims that it has set new speed records, with the round-trip latency for its London to Shanghai route now under 125 milliseconds, surpassing the previous industry benchmark of approximately...

Insurance Stress Test Success Hangs on Data Quality and Management

Recently revealed tests to explore the resilience of insurers to external shocks are likely to succeed – or fail – on the data that the under-scrutiny firms possess. Data will be a central ingredient on the tests detailed last month by the Prudential Regulation Authority (PRA), which oversees the industry. In its most recent communique,...

Latest UK SDR Measure Highlights Data Challenge

The UK has implemented the latest stage of its sustainability disclosure requirement (SDR), which is designed to encourage manufacturers of investment products to adopt measures that will prevent greenwashing. Before the measure was even introduced by the Financial Conduct Authority (FCA), however, it was apparent that fund managers’ likelihood of adopting the guidance would be...