RegTech Insight Blogs The latest content from across the platform
Malaysia Assurance Move Highlights Growing Taste for ESG Data Audit
Malaysia has become the latest country to stress data assurance in its proposal for a broad sustainability reporting framework, highlighting the increasing importance being placed globally on ESG data audits. The government in Kuala Lumpur included assurance support in its touted National Sustainability Reporting Framework for Malaysia (NSRF), consultations on which were launched this week….
UAE Commercial Bank International Selects Bloomberg MARS for Risk Management
Commercial Bank International (CBI), a national bank in the UAE, has selected Bloomberg’s Multi-Asset Risk System (MARS) modules for counterparty risk, market risk and valuation. The bank previously adopted MARS Front Office to help its LIBOR transition. The three additional modules make MARS the bank’s primary risk management system. The MARS counterparty risk (XVA) module…
Commonwealth Bank of Australia Approved as LEI Validation Agent
The Commonwealth Bank of Australia (CBA) has become a Validation Agent in the Global Legal Entity Identifier System (GLEIS). It is the first agent in Australia and the second announced this month following the appointment of MNS Credit Management Group in Delhi, India. CBA’s approval as a Validation Agent comes ahead of a regulation update…
NICE Actimize GenAI Solutions Cut Crime Investigation and SAR Filing Time
NICE Actimize, a provider of financial crime, risk, and compliance solutions, has released generative AI solutions designed to reduce the time and manual effort traditionally required for financial crime investigations and compliance reporting. The company suggests the solutions offer up to a 50% decrease in investigation time and a 70% reduction in Suspicious Activity Reporting…
Ascent Technologies Adds Horizon Scanning with Acquisition of Waymark
Ascent Technologies, a Chicago-based vendor of AI-enabled compliance automation solutions, has acquired Waymark, a UK-based provider of horizon scanning and compliance management workflow solutions. The move follows Ascent’s recent acquisition by Edgewater Equity Partners. Waymark’s horizon scanning tools augment Ascent’s obligations management technology, with the combined company now able to offer regulatory coverage of the…
AI Offers Banks Opportunity to Meet Sustainability Data Challenges: CGI
Banks would benefit hugely from the data gathering and management capabilities of artificial intelligence (AI) as they gird for new ESG regulations and obligations, according to business IT consulting group CGI. While AI also could help banks in their reporting and disclosure processes, the challenge would be in ensuring the technologies are trained on accurate…
Fenergo Adds Client Lifecycle Solution to AWS Marketplace
Fenergo, a provider of digital solutions for Know Your Customer (KYC), transaction monitoring and Client Lifecycle Management (CLM) has made its software-as-a-service (SaaS) CLM solution available on Amazon Web Services (AWS) Marketplace. AWS customers can streamline the procurement and purchase of Fenergo’s CLM directly within an AWS Marketplace account and unlock any AWS incentives, discounts,…
Entrust in Talks to Acquire AI-Powered Identity Verification Specialist Onfido
Entrust, a provider of trusted identities, payments, and data security, is in exclusive discussions to acquire London-based Onfido, a provider of cloud-based, AI-powered identity verification (IDV) technology. If the acquisition completes, Entrust would add a compliant AI/ML-based biometric and document IDV tech stack to its portfolio of identity solutions. It would also have an opportunity…
SS&C and Regnology Collaborate to Ease Risk and Regulatory Reporting
SS&C Technologies, a provider of financial software and services, has made a strategic partnership with Regnology, a regulatory reporting and data company, to help clients meet upcoming regulatory requirements from the European Banking Authority (EBA). The collaboration is building a joint solution developed by SS&C Algorithmics and Regnology that addresses a wide range of needs…
ESMA Calls for New Members to Join Securities Markets Stakeholder Group
The European Securities and Markets Authority (ESMA), the regulator and supervisor for EU financial markets, is looking for new members to join its Securities Markets Stakeholder Group (SMSG). The group serves as a conduit for stakeholder consultation delivering technical advice on the authority’s policies and activities and offering insights into market developments. The aim is…