RegTech Insight Blogs The latest content from across the platform
CellTrust Partners with Global Relay for New Voice Recording Solution
CellTrust Corporation, a US-based provider of enterprise mobile communications compliance- capture and security, has teamed up with the Global Relay, which offers compliance archiving, supervision, eDiscovery, and analytics solutions to the financial services industry, to launch a new CellTrust SL2 voice capture solution. CellTrust SL2 captures voice communication and contextual history, provides voice call records…
Brexit Uncertainty: Putting MiFID II Tactics to the Test
Last week, software and services provider GoldenSource released new Brexit-specific datasets to help banks prepare for the worst in the event of a no-deal Brexit on March 29. With the prospect of any deal still very much up in the air, and only 10 days to go till the deadline, concerns are running high. So…
EVIA Calls for Clarification and Consistency Around Scope of MiFID II
Following the German Finance Ministry’s recent call for feedback on MiFID II and MiFIR, one year on from implementation, the European Venues and Intermediaries Association (EVIA, formerly known as the Wholesale Markets’ Brokers Association), has raised numerous concerns around the lack of clarity and consistency of regulatory interpretation across markets. Despite praising the benefits of…
Tookitaki Raises $7.5m in Series A Funding
Tookitaki, a regulatory technology company that aims to enable financial institutions to develop sustainable compliance programs through the use of AI-based technology, has raised S$7.5 million in Series A funding. The round was co-led by London-based Illuminate Financial, an early-stage enterprise financial technology investor, along with Jungle Ventures, a Singapore-based VC firm focused on technology…
How to Optimize Suitability Solutions Amid Increasing Regulatory Confusion
Suitability is a hot topic – and an increasingly tricky one. The FCA suitability requirement (COBS 9), an obligation for all wealth managers in the UK, is relatively new in both the UK and wider Europe, and the existence of MiFID II has only served to further confuse the situation. As regulatory bodies around the…
Automated Software is Replacing Human Decisions, Finds ESMA
A combination of supply-based developments and demand-based needs are potentially transforming the way financial institutions comply with regulation and supervisory authorities oversee market participants, warned the European Securities and Markets Authority (ESMA) in a new report released on March 14, 2019. The regulator recently carried out an analysis of the regulatory and supervisory technologies currently…
Insightful Technology Launches New Feature-Rich Version of Compliance & Surveillance Platform, Soteria
London-based Insightful Technology, a multimedia-focused FinTech provider, has embarked upon a major development and launch of its flagship compliant communications capture and intelligence solution, Soteria. A progression from the original technology that launched in 2011 as the world’s first Mobile Network Operator voice and SMS recording solution via Truphone, the subsequently developed Software-as-a-Service (SaaS) platform…
SmartSearch Works Towards Client Integration
UK-based AML platform SmartSearch, which claims to be the only organisation in the UK with the ability to verify individuals and companies on a single platform via a browser or AP with full Sanction, PEP and adverse media screening, is working towards an integration-based model rather than use as a standalone system – and today…
Encompass Corporation and IHS Markit Partner to Chop KYC Time by a Third
IHS Markit has integrated a new KYC automation solution from London-based encompass corporation into its KYC Services offering, in a bid to reduce manual processes and drive efficiency. Using encompass, IHS Markit has fully automated the collection of critical KYC data from the public domain, including global corporate registries, regulatory listings and exchanges. As the regulatory…
GoldenSource Releases New Datasets to Help Banks with Brexit Reporting Changes
Software and services provider GoldenSource last week announced the release of a series of new Brexit-specific datasets via its enterprise data management solution, to help banks prepare for differing regulatory demands in the wake of the UK’s expected departure from the EU on the 29th March 2019. The firm implemented the move in response to…