RegTech Insight Blogs The latest content from across the platform
Yuanta Futures Taps Eventus for Trade Surveillance, Becomes Firm’s First Taiwanese Client
Yuanta Futures, a subsidiary of Taiwan-based Yuanta Financial Holdings, has chosen Eventus to provide trade surveillance for its futures and options business. This move signifies the first Taiwanese client for Eventus, a global provider of trade surveillance, market risk, transaction monitoring and algorithmic monitoring solutions. Ranking number one for futures and options market share, profitability,…
SymphonyAI’s Sensa-NetReveal Launches Sensa Copilot, First Generative AI-Based Financial Crime Assistant
West Coast AI specialist SymphonyAI’s Sensa-NetReveal division has launched what it claims to be the first financial crime detection solution using generative AI. The Sensa Copilot system is an AI assistant that collects, collates and summarises financial and third-party, improving financial crime management and potentially bosting investigator productivity by up to 70%. According to SymphonyAI,…
Fincapital Deploys iDenfy for KYC, AML in Customer Onboarding
Fincapital Partners, a fintech offering online banking and wealth management across Sweden, Switzerland and Lithuania, has deployed an AI-enabled identity verification and fraud prevention platform from iDenfy to handle the KYC and AML aspects of its customer onboarding process. The implementation is aimed at instilling confidence in the Fincapital Partners’ team, allowing them to provide…
Threadneedle Street Points to Importance of Scenario Analysis
Sarah Breeden, the Bank of England’s executive director for sustainability, last week called on all stakeholders to redouble efforts to curtail global warming, singling out the banking and insurance sectors as key pillars of change. In her grim assessment of the lack of progress in the achieving global climate targets so far, she outlined four…
Single Rulebook Teams with Linklaters for UK/EU Regulation Comparison Service
Single Rulebook has partnered with global law firm Linklaters to launch Law Compare, an online tool that helps lawyers compare and annotate UK versions of financial services legislation alongside the equivalent EU rules to manage the divergence of once-harmonised regulation. Law Compare has been developed by Single Rulebook for Linklaters in order to support in-house…
NICE Actimize Launches AI-Based AML Transaction Monitoring Platform
NICE Actimize has launched its Suspicious Activity Monitoring (SAM-10) solution, which uses AI techniques to apply multi-layered analytics to the AML transaction monitoring process. NICE Actimize reckons the approach is able to detect more suspicious activity while reducing false positives. SAM-10 is an upgrade to NICE Actimize’s existing AML solution, and forms part of NICE Actimize’s Anti-Money…
Risks and Concerns with Generative AI – What Financial Institutions Need to Consider
By Jennifer Clarke, Head of Content, Global Relay. With use cases for AI becoming more commonplace, many compliance teams have begun to employ AI-driven tools to assist with ordinary tasks including regulatory change management and surveillance. However, as with most new technologies, as innovation around generative AI increases, various new risks and challenges emerge. Potential…
Kaizen Acquires Red Deer to Add Surveillance to Compliance Platform
Kaizen Reporting has acquired Red Deer, a provider of integrated compliance solutions for surveillance and research workflows. Red Deer’s surveillance and research tools will be available via the Kaizen Hub, a web-based platform for accessing a range of compliance tools. Terms of the deal weren’t disclosed. The Red Deer platform aims to help middle office…
Scope 3 Data Remains Weak Spot for ESG Disclosure
International Earth Day, which will be marked on Saturday, comes around as the ESG disclosure space becomes increasingly preoccupied with solving one of its thorniest problems: gathering quality Scope 3 emissions data. The subject has gathered pace as regulators around the world, and in particular the US’ Securities and Exchange Commission (SEC), grapple with ways…
Bloomberg Updates Tool to Navigate SFDR Moving Target
The perils of building tools to help investors navigate fast-changing regulations were highlighted last week as Bloomberg unveiled enhancements to its product for assessing companies in accordance with the European Union’s Sustainable Finance Disclosure Regulation (SFDR). No sooner had the updated data-packed technology been made available to the company’s clients than the EU’s leadership body, the European…