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Cross-Sector Data Platform Hopes to Revolutionise the Fight Against Financial Crime
Last week, a consortium of businesses, banks and the UK Financial Conduct Authority (FCA) announced a pioneering new AI-driven data access platform set to launch in 2021, led by RegTech firm RegulAItion. The AIR Platform promises to transform the way in which data is accessed by regulated industries, providing a digital infrastructure for scalable, automated…
Asset Control Partners with Finmechanics on FRTB Solution
Data quality software specialist Asset Control has joined forces with Singapore-based risk management and regulatory compliance firm Finmechanics to launch a new technology solution banks with an accelerated approach to FRTB implementation. Including both standardised approach and internal models approach (IMA) and other regulatory imperatives, the approach integrates data management with risk analytics, allowing non-modellable risk…
Gresham Boosts Regulatory Reporting Function with Inforalgo Acquisition
UK-based Gresham Technologies has completed its acquisition of data automation specialist Inforalgo Information Technology, in a move that will significantly expand the firm’s cloud capabilities across its Clareti data platform. Inforalgo specialises in cloud-hosted, straight-through-processing (STP) solutions and intelligent automation technologies for financial institutions, providing complex real-time connectivity delivered as a flexible automated service and…
OpenFin Opens Up Appital Application to the Buy-side
The Google Cloud-hosted Appital platform is designed to help deal participants uncover and unlock liquidity, while providing deal originators with the opportunity to execute large volumes, often in excess of 5 days of Average Daily Volume (ADV), with minimal market impact or risk of price erosion. The platform is targeted towards transparency, in a bid…
FeedStock Joins Red Hat Container Ecosystem
AI-driven data analytics platform Feedstock has completed Red Hat Container certification for its FeedStock Connector and has been published in the Red Hat Ecosystem Catalog. The certification enables FeedStock to use Red Hat’s container registry and deploy Red Hat certified containers in FeedStock’s client environments, enabling frictionless deployment at scale of its automated data management solutions….
Quantexa Raises $64.7m to Drive Big Data and Analytics Growth
Quantexa, a contextual decision intelligence software company, has closed a Series C round, raising a further $64.7 million (£51.2m) in funding to expand its Contextual Decision Intelligence (CDI) technology into new arenas including big data and analytics, following a strong four years of growth that has seen the firm capture a wide range of tier…
LDX Taps Exberry Matching Platform for Expansion Plans
The London Derivatives Exchange has selected newcomer Exberry to provide it with matching engine technology for its expansion into new asset classes and global markets. The deal is Exberry’s first; the company launched its multi-asset class platform in June. LDX plans to use Exberry’s platform to widen the range of asset classes it lists, from…
Will a Consolidated Tape Make Best Execution Better?
By Tom Healey, Founder-Director, FINXIS LLC. In ICMA’s MiFID II Consolidated Tape Task Force Report, published in April 2020, the Task Force made it clear that while MiFID II accomplished many goals it failed to achieve the market transparency that regulators had envisioned. By most measures, MiFID II cost the industry over $2 billion, but…
Banks Raise Concerns Over Compliance in New Covid Study
A new survey from StarCompliance measuring the impact of the coronavirus pandemic on global compliance has found that a majority of banks are unsatisfied with their current compliance programs: primarily due to the processes and systems they have in place to manage them, as well as the complexity of operation related to dealing with clients…
EBA Seeks to Reduce Reporting Costs for Financial Firms
The European Banking Authority (EBA) is exploring ways to streamline supervisory reporting requirements and reduce reporting costs for financial institutions, especially smaller ones, as part of its drive to create a more “proportionate” regulatory and supervisory framework. Common supervisory reporting was first introduced in the EU back in 2013, and the EBA is mandated by…