RegTech Insight Blogs The latest content from across the platform
Nomura Launches Collocation Facility Using Colt’s Network Infrastructure
Nomura has selected Colt to provide network infrastructure for its new European connectivity and collocation service. The Nomura initiative comes as the Japanese firm seeks to build on the strong European equities position of Lehman Brothers, whose European and Asian operations it took over a year ago. Nomura calls its new infrastructure a “next-generation ultra-low-latency…
Q&A: RTI Introduces Wide Area Routing Service; Scaling To Hundreds of Thousands of Applications
Real-Time Innovations (RTI) is best known for its messaging middleware, which is deployed in support of low-latency applications such as algorithmic trading, within trading firms. Recently, RTI introduced the RTI Routing Service, which can be used to bridge applications and networks running in different locations – up to tens or hundreds of thousands of applications….
ECB’s Reference Data Utility Plans Not Practical Enough, Say RDR Readers
It seems that the majority of Reference Data Review readers out there remain sceptical of the European Central Bank’s (ECB) proposed reference data utility. According to the results of out October reader poll, 43% of you do not think the proposals are practical enough to warrant being considered a desirable concept for the market. The…
Formicary Launches New Version of RiskSeer to Transform and Improve Risk Management Processes
Formicary, a specialist technology integration company for the financial services industry, has launched the latest version of RiskSeer – its integrated Independent Price Verification application. Designed to transform and improve risk management processes, RiskSeer centralises market and trade data to facilitate accurate and timely decision making by the risk, product control and finance units of…
Accuity Incorporates Batch Functionality in the New Version of IBAN Payment Resource to Further Enhance Research Efficiency
Accuity, a provider of payment routing data, AML screening software and services, has launched version 3.1 of IBAN Payment Resource, its online look up tool for validating and converting International Bank Account Numbers (IBANs). The newest version offers important enhancements, including batch processing for hundreds, even thousands of records simultaneously. IBAN Payment Resource’s new batch…
Regulators Continue Scrutiny of Ratings Agencies, As Kroll Plans to Challenge Big Three
The credit ratings agencies have had another hard couple of weeks of it, with the US government hurling criticism at these firms for their perceived contribution to the economic downturn. This attitude however, does not appear to have dissuaded risk consultant Jules Kroll from planning to establish his own ratings agency to rival the big…
Lack of Consistent Sanctions and Risk Customer Screening Standards Exposes Firms to Heightened Compliance Risk
Many large financial institutions are failing to implement consistent policies and procedures for sanctions, Politically Exposed Persons (PEP) and customer risk screening due to inconsistent, legacy-based systems, according to compliance screening and data management specialists, Datanomic. Fragmented and inconsistent legacy platforms with different criteria and capabilities deployed across multiple departments and/or countries are resulting in…
3L3 Committees Publish New Paper on Supervisory Practices for Money Laundering Directive
The three European level three (3L3) committees, the Committee of European Securities Regulators (CESR), the Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pension Supervisors (CEIOPS), have this week turned their attention to the area of anti-money laundering (AML) with the publication of a new report. The 3L3’s Anti-Money…
Is Cloud Computing an Answer to Risk and Reference Data Storage?
This week’s FS Club debate on cloud computing suggested that despite all the confusion around the exact definition of a cloud, what it does represent is potential for the future in terms of data storage. Nick Davies, chief technology officer for Lombard Risk Management, suggested that a private cloud could be used for purposes such…
Fitch Solutions Launches Custom Data Service for Credit Markets
Managing data from multiple sources is proving to be troublesome for most firms and even more so in a stressed economy, according to Fitch Solutions, a division of the Fitch Group. In response, Fitch Solutions has launched an integrated data service (IDS) to meet growing user demand for a single, customisable feed platform covering data…