RegTech Insight Blogs The latest content from across the platform
Shield FC Opens London Office, Plans New SME Product
Specialist RegTech start-up Shield, which provides a cross-regulation platform for electronic communications compliance, has branched out from its Israeli base to open a new office in London, led by business development manager Shira Rottner. “As a key financial hub, London is one of the most important markets for Shield, and now is the right time…
Applicants Sought for New York RegTech Trade Mission
A-Team Group is delighted to partner with the UK’s Department for International Trade (DIT) to call for applications from UK RegTech businesses (specifically companies with a focus on regulatory monitoring, reporting and compliance) to participate in its upcoming 2019 UK RegTech Trade Mission to New York. Taking place November 13-15 in New York City, the…
Nice Actimize Expands X-Sight Marketplace to Leverage Booming AML Market
A recent report from Grand View Research predicts that the market for Anti-Money Laundering (AML) technology could top $1.99 billion by 2025 from just $857.2 million in 2018, growing at a CAGR of 13.6%. With AML software currently making up almost two thirds (62%) of the market, the potential is huge. And Nice Actimize, already…
IPC and Cloud9 Partner to Deliver Voice Trading and Collaboration Solution
IPC and Cloud9 Technologies are working together to offer an advanced, open voice trading and collaboration solution. The integrated cloud-based service combines Cloud9’s C9 Trader voice communications and analytics platform with IPC’s Unigy trading communications platform and Connexus Cloud financial ecosystem. The aim of the partnership is to provide the global trading community with a…
International Compliance – A New Era for SMCR
By Andrew Shrimpton, Executive Chairman of Compliance Consulting at IQ-EQ With great power comes great responsibility. Yes; but in the era of SMCR, heads of compliance have found out that even a medium amount of power now comes with an almost unpalatable amount of personal accountability – and legal jeopardy. In many cases, this has…
SEC Releases Long-Awaited Guidance for Rule 606 on Broker Disclosures – But is it Enough?
Rule 606, updated by the Securities and Exchange Commission (SEC) last year to require additional disclosures by broker-dealers to customers regarding the handling of their orders, has caused headaches for the sell-side since it was first proposed – largely due to the complexity of the original 334-page mandate. With the postponed October 1, 2019 deadline…
Would ICE Really Buy Bloomberg?
By Andrew Delaney. The London Stock Exchange’s planned $27 billion acquisition of Refinitiv – the former Reuters – got us thinking: who’s left of the independent market data vendors, and who would buy them? Of the major global vendors that have dominated the space over the past decade or so, only one independent remains. With…
98% of Firms Not Ready for SM&CR, Finds ACA Compliance
Less than 2% of affected firms have completed sufficient preparation for the FCA’s upcoming Senior Managers and Certification Regime (SM&CR) while only 2% of employees have sufficient awareness of the new rules and their implications across the organisation, according to a new survey from ACA Compliance. The new regulation is due to come into force…
Exiger Wins SMBC Business with AI Tool
Sumitomo Mitsui Banking Corporation Europe has confirmed an agreement with London-based governance, risk and compliance (GRC) solutions provider Exiger to utilise its artificial intelligence (AI)-powered KYC onboarding technology, DDIQ, to drive its KYC programme in the EMEA region. The bank selected Exiger following a detailed evaluation process, and deploy the solution throughout its client onboarding…
Bloomberg Acquires RegTek.Solutions Amid Growing Demand for Reporting Integration
Last week Bloomberg announced the acquisition of RegTek.Solutions, a 2017 software spin-out from capital markets consulting firm Risk Focus. The move marks a renewed focus from Bloomberg on the regulatory reporting space, amid growing demand from financial institutions for more strategic, harmonised solutions to help meet today’s increasingly rigorous compliance challenges. Financial institutions are facing…