RegTech Insight Blogs The latest content from across the platform
Clearstream Banking Selects Regnology Rcloud Solution for Reporting
Clearstream Banking, a central securities depository and provider of global post-trade services within the Deutsche Börse Group, has engaged Regnology to migrate its on premise regulatory reporting to the cloud using Regnology’s Rcloud solution, which is powered by the Google Cloud Platform and was released in 2022. The migration is subject to regulatory approval. The…
Could do Better: Banks Still Unprepared for ESG Regulations, Says Fenergo
Banks still have a lot of work to do if they are to bring their data and technology systems in line with their reporting obligations under established and looming sustainability regulations, according to a leading provider of compliance solutions. While European lenders are in a stronger position than their overseas counterparts, they are still struggling…
eflow Global Plans Range of New Products Post £7 Million Funding Round
RegTech solutions provider eflow Global has raised £7 million in capital through a Series A funding round. The company plans to invest the funds in R&D for new products and to accelerate growth with a particular emphasis on North America and Asia-Pacific. Founded in 2004, eflow provides financial firms with software solutions to help them…
ACA Partners LeapXpert to Extend Surveillance of Off-Channel Communications
CGRC specialist ACA Group has partnered LeapXpert to deliver greater capabilities for off-channel communications monitoring. The partnership provides enhancements to archival, workflow, and surveillance features across WhatsApp, iMessage, SMS, WeChat, Telegram, LINE and Signal, and comes at a time when regulators are looking more closely at how financial firms are communicating internally, as well as…
Trade Finance Innovation Opens Window for Supply Chain ESG Data
Capturing supply-chain sustainability data is elusively difficult but nevertheless is necessary to manage and mitigate ESG risk and also required as new regulations oblige companies – and their investors – to declare the impact their logistics services are having on the environment. The challenge has its root in the huge multitude of companies that comprise even a single supply chain. Mostly…
Auditing Body Proposes ESG Data Standards to Match Those for Financial Reports
Data assurance services are forecast to be in huge demand as ESG reporting regulations expand and overseers seek to strengthen confidence in the information used by financial institutions and other stakeholders. Big accounting firms and smaller assurance providers alike are girding for new rules that will require companies to have their regulatory data audited in…
ECB Launches Consultation on Guide Urging Banks to Improve Risk Data Aggregation and Reporting
The European Central Bank (ECB) has launched a public consultation covering its Guide on Effective Risk Data Aggregation and Risk Reporting, noting that ‘adequate capabilities in this area are still the exception, and banks have to improve their risk data aggregation frameworks, also in light of the BCBS principles’. Ultimately, banks are expected to step up…
FCA Makes Digital Sandbox Permanently Available, Invites Data Providers to Apply to List Data on the Platform
The Financial Conduct Authority (FCA) will make its Digital Sandbox available permanently from 1 August 2023 following two successful pilots. The aim is to open up the platform to a broader range of innovative businesses, start-ups and data providers. The sandbox is a testing environment that enables the FCA to support firms at the early…
CRIF and Know Your Customer Help Hong Kong Bank with Client Onboarding
Credit management specialist CRIF and Know Your Customer have partnered to help Ping An OneConnect Bank (Hong Kong) to enhance the digital onboarding process for its small and medium enterprise clients. The initiative is aimed at helping PAOB to meet growing demand for quick-to-access banking services. The new highly scalable and cloud-native solution, developed by…
Regulatory Compliance – a Special Report Published by The Times in Partnership with A-Team Group
The Regulatory Compliance special report published by The Times in partnership with RegTech Insight from A-Team Group last week takes a deep dive into compliance issues on the agenda at financial institutions, looks to the future of regulation, and touches on emerging AI solutions. We’re of course thrilled to be partnering with such a prestigious brand here…