A-Team Insight Blogs The latest content from across the platform
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…
ESMA Ratchets Up Pressure on Financial Markets to Develop a Consolidated Tape
The European Securities and Markets Authority (ESMA) is ratcheting up pressure on the EU’s financial services industry to develop a consolidated tape (CT) solution for equity instruments. The regulator sets out its views in a consultation paper that was published in mid-July and also reviews the cost of market data. The paper is the outcome…
Kingland Increases Accuracy of Text Analytics for Unstructured Data
Kingland continues to push the technology envelope with enhancements to its Text Analytics Platform Suite, which we touched on in last week’s catch up on the company with president Tony Brownlee. The enhanced solution includes new administration menu options with deeper analysis and metrics for unstructured data sources and events, and improvements to Named Entity…
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…
Industry Bodies Join Forces to Create New SFTR/EMIR Master Reporting Agreement
The International Securities Lending Association (ISLA) has partnered with the Futures Industry Association (FIA), the International Capital Market Association (ICMA) and the International Swaps and Derivatives Association (ISDA) to create a new Master Reporting Agreement compatible with SFTR and EMIR. The EMIR and SFTR reporting regimes share certain key features – in particular, both provide…
Bank Hapoalim Selects Wolters Kluwer’s OneSumX Software for Measuring Counterparty Credit Risk
Leading Israeli institution Bank Hapoalim has signed up with Wolters Kluwer to manage its credit risk profile using the firm’s OneSumX solution for risk management. The bank will utilise the software for measuring counterparty credit risk as per Basel III’s Standardised approach for measuring counterparty credit risk exposures (SA-CCR), which first came into force January…
DSB Industry Consultation Calls for Improved Data Quality and Cybersecurity
Following our recent report on the results of the Derivatives Service Bureau’s (DSB’s) first 2019 industry consultation the Bureau has today released the results of its second 2019 industry consultation. In line with the first 2019 report, the second shows ongoing industry interest in further analysis of DSB functionality with a view to the delivery…
LinkUp with S&P Dow Jones Indices for S&P 500 LinkUp Jobs Index
In what may be a first for the alternative data space, jobs data specialist LinkUp has, er, linked up with S&P Dow Jones Indices to launch the S&P LinkUp Jobs Index based on its job openings database. The index – launched in the spring – will track job market activity among S&P 500 corporations, spawning…
NICE Actimize Launches New Regulation BI Solution
On June 5, 2019 the US Securities and Exchange Commission (SEC) voted to approve the new Regulation Best Interest (BI), imposing rigorous new requirements to ensure firms are transparent and act in their clients’ best interest. Due to come into force on June 30, 2020, the new rule substantially upgrades existing suitability regulations to raise…
SmartStream Expands Further into Germany with New Partnership
Transaction Lifecycle Management (TLM) solutions provider SmartStream Technologies has moved further into the German market, joining forces with Finanz Informatik Solutions Plus (Finanz), a specialist in outsourcing, consulting, development and integration services for business applications in the financial sector. Under the new agreement, Finanz will help its German clients with implementation projects and application management…