RegTech Insight Blogs The latest content from across the platform
FCA Highlights Key Concerns over MAR Compliance
Effective compliance with the Market Abuse Regime (MAR) is “a state of mind” that requires a series of complex situational judgements – and time pressures could cause potential problems, warned Julia Hoggett, Director of Market Oversight at the UK’s Financial Conduct Authority (FCA). This raises a number of key concerns around compliance which demand urgent…
Shield FC Announces Cloud-Enablement of Compliance Platform
Specialist RegTech provider Shield Financial Compliance has launched the cloud-enablement of its compliance platform, which offers regulation compliance monitoring across a range of eComms channels covering the data lifecycle from capture and record keeping to analysis and investigation, utilising AI, NLP and Visualization capabilities. The new cloud deployment platform is designed to offer financial institutions…
KYC Global Launches World’s First Risk-Based Customer Screening Solution
KYC identification specialist KYC Global Technologies has launched a new batch screening tool for customer identification, which it claims to be the first in the world to offer a 3D risk-based approach. In addition to customising how the searching of a customer’s name and meta-data should be carried out according to the customer’s risk profile,…
MiFID II: The True Cost of Research Unbundling – Part One
The implementation of MiFID II in 2018 catalysed a maelstrom of regulatory modifications for financial institutions. One of the biggest changes was the requirement to separate the cost of investment research and corporate access from the cost of trade execution – forcing providers to drastically alter their models in order to comply with the explicit…
Six Ways to Stay Ahead of Financial Regulators with RegTech
By Burt Esrig, Managing Director and Michael Lehman, Partner, ACA Compliance The RegTech industry has exploded, with over 250 RegTech businesses worldwide and $1bn invested last year, as firms look to beat the regulators and the competition. But firms still aren’t doing enough. There have been $26 billion in fines for non-compliance with AML, KYC and sanctions regulations over the past decade….
Fenergo Launches New Rules-as-a-Service Solution
Client lifecycle management software provider Fenergo has launched a new cloud-based Rules-as-a-Service solution to futureproof financial instititions against evolving regulatory requirements. The plug and play solution will enable financial institutions to integrate Fenergo’s current regulatory rules capabilities into their existing digital platforms. A recent study by Fenergo suggests that the improvement of data and document…
Nasdaq Sells GRC Platform to SAI Global
Integrated risk management software provider SAI Global has confirmed plans to acquire BWise, an enterprise governance, risk and compliance (GRC) software platform established in 1994 and acquired by Nasdaq in 2012. The transaction, subject to regulatory approvals, works council and other representative body consultations and notifications in various applicable jurisdictions, is expected to complete in…
FSB to Focus on Implementation of Reforms in New Works Programme
The UK’s Financial Stability Board (FSB) on February 12, 2019 for the first time ever released its new works programme for the year, outlining a shift away from post-crisis policy design and towards a focus on the implementation and evaluation of the effects of reforms. In particular, the regulator highlights plans for “vigilant monitoring to…
FCA Sets Out No-Deal Action Plan for Post-Brexit Transaction Reporting
The Brexit deal may still be up in the air but even as the Government scrambles to resolve a seemingly insoluble impasse, regulators are paddling hard under water to attempt a (relatively) seamless transition should the UK depart on March 29 with no deal. The UK Treasury has drafted legislation giving the FCA temporary power…
Cambridge Centre for Alternative Finance and EY Japan Join Forces to Launch Global RegTech Benchmarking Survey
The Cambridge Centre for Alternative Finance (CCAF), an international interdisciplinary academic research institute dedicated to the study of alternative finance, has launched its first survey of RegTech and SupTech (supervisory technology) firms in partnership with EY Japan and with support from industry bodies including The International RegTech Association. Fieldwork is now underway for the survey,…