RegTech Insight Blogs The latest content from across the platform
Leading Industry Players Back FDC3 Desktop Applications Connectivity Initiative
OpenFin is leading an initiative to bring universal connectivity and standards to the desktop applications used across capital markets. The initiative is called the Financial Desktop Connectivity and Collaboration Consortium (FDC3) and initial members include Algomi, AllianceBernstein, Barclays, BNP Paribas, ChartIQ, Citadel, Cloud9, FactSet, Fidessa, GreenKey, J.P. Morgan, Morgan Stanley, OTAS Technologies, RBC, TP ICAP,…
ESMA Publishes Double Volume Cap Data
After delaying publication of double volume cap (DVC) data just after go live of Markets in Financial Instruments Directive II (MiFDI II) and Markets in Financial Instruments Regulation (MiFIR), the European Securities and Markets Authority (ESMA) has now has published DVC trading volumes and calculations. The purpose of the DVC mechanism is to limit the…
United Overseas Bank Selects NeoXam to Support FRTB And BCBS 239
Singapore’s United Overseas Bank has selected NeoXam’s DataHub to support group-wide data management and compliance with regulatory requirements of the Fundamental Review of the Trading Book (FRTB) and risk data aggregation and reporting under BCBS239. Lim Ann Liat, head of markets and enterprise technology, group technology and operations at United Overseas Bank, says: “One of…
AIMCo Selects FactSet Investment Risk Management Solution
Alberta Investment Management Corporation (AIMCo), one of Canada’s largest and most diversified institutional investment managers, has selected FactSet as its investment risk management solution. Remco van Eeuwijk, chief risk officer at AIMCo, says: “To be considered world class in our approach to risk management, AIMCo required a partner that complemented our organisation and enabled us…
CLS Offers CLSReporting to Support MiFID II FX Reporting Requirements
Market infrastructure provider CLS has introduced CLSReporting, a product for foreign exchange (FX) matched instructions that supports members with Markets in Financial Instruments Directive II (MiFID II) reporting requirements. The product is a response to market demand and will provide the ability for parties and counterparties to FX trades to exchange additional information in settlement…
Jane Street Group Invests in McKay Brothers
McKay Brothers’ low-latency networks and market data services have been endorsed by a minority investment from long-standing client Jane Street Group. The company’s founders continue to hold a controlling majority of McKay’s equity, with other minority investors including IMC, Tower Research Capital, Susquehanna International Group and XR Trading. Stéphane Ty?, McKay Brothers co-founder, says: “Jane…
S&P Global Extends AI and Analytics with Acquisition of Fintech Firm Kensho
S&P Global plans to strengthen its capabilities in emerging technologies through the acquisition of Kensho Technologies, a provider of next-generation data analytics, artificial intelligence (AI), machine learning and data visualisation systems to financial institutions and national security. The company will acquire Kensho for about $550 million and expects the deal to close late this quarter…
Quantexa and Arachnys Partner to Identify and Monitor Customer Risk
Quantexa, provider of big data management software, and Arachnys, provider of a financial crime risk assessment platform, have teamed up to identify and monitor customer risk. Quantexa will use the Arachnys cloud-based investigation platform and global news assets to dynamically screen against negative news, locate missing Know Your Customer (KYC) data and provide enhanced risk…
Siren, Capgemini and Cambridge Intelligence Launch Data Intelligence Initiative
Siren, Capgemini and Cambridge Intelligence have launched the Transformative Enterprise Knowledge Graphs initiative with a view to encouraging industry-wide discussion on the development of principles for data intelligence. The group describes data intelligence as the enabler for ‘knowledge-centric companies to join the dots among thousands of internal and external datasets to perform business critical functions’….
Countdown to GDPR
Time is running out: the compliance deadline for General Data Protection Regulation (GDPR) is May 25, 2018, and with fines running up to 4% of annual turnover or €20 million for firms that fail to protect European citizens’ personal data, no-one can afford to take this EU data privacy law lightly. From a data management…