RegTech Insight Blogs The latest content from across the platform

New Mobile App Boosts ACA Compliance Group Capability

In today’s increasingly distributed work environment, accessibility is everything – and firms are having to find new ways to meet their compliance requirements whilst managing a workforce that is more disparate, fragmented and remote than ever before. “With competing regulatory focus areas requiring vigilant oversight and cost pressures being higher than ever, it’s imperative that…

AML Penalties Increase in APAC as Regulators Rev their Engines

By the end of July 2020, AML, KYC and sanctions fines for global financial institutions reached $5.6 billion, according to the latest findings from client lifecycle management specialist Fenergo. Notably however, although overall penalties were actually down by a third compared to the same period last year, fines issued by APAC regulators related to AML…

AxiomSL Reveals New FRTB Certification in Line with ISDA Benchmarking

AxiomSL, a provider of regulatory reporting and risk management solutions, has launched its new Fundamental Review of the Trading Book (FRTB-SA) and Counterparty Credit Risk (SA-CCR) certification – one of the first to provide clients with calculations in line with the International Swaps and Derivatives Association’s (ISDA) ‘golden source’ calculations. The rigorous golden source calculations…

New Funding Round for kompany Marks Growth Prospects

Business verification and business KYC (KYB) specialist kompany has won new investment of almost €6 million from players including Fairway Global Investment and Japanese VC firm Global Brain, who join the European Super Angels Club as major shareholders. Over the past year company has seen rapid growth, doubling its headcount as its takes advantage of…

AI to Assist Regulatory Compliance and Drive Transparency and Growth in an Uncertain World

By Lucas Wurfbain, Co-CEO, FeedStock.  The impact of the Covid-19 pandemic on the asset management industry has been transformative and wide-ranging. Increased market volatility and a large-scale move to remote working environments, alongside the ever-present uncertainty that comes with almost daily changes in government policy are now the new normal. The regulatory environment has also…

Cross-Sector Data Platform Hopes to Revolutionise the Fight Against Financial Crime

Last week, a consortium of businesses, banks and the UK Financial Conduct Authority (FCA) announced a pioneering new AI-driven data access platform set to launch in 2021, led by RegTech firm RegulAItion. The AIR Platform promises to transform the way in which data is accessed by regulated industries, providing a digital infrastructure for scalable, automated…

Asset Control Partners with Finmechanics on FRTB Solution

Data quality software specialist Asset Control has joined forces with Singapore-based risk management and regulatory compliance firm Finmechanics to launch a new technology solution banks with an accelerated approach to FRTB implementation. Including both standardised approach and internal models approach (IMA) and other regulatory imperatives, the approach integrates data management with risk analytics, allowing non-modellable risk…

Gresham Boosts Regulatory Reporting Function with Inforalgo Acquisition

UK-based Gresham Technologies has completed its acquisition of data automation specialist Inforalgo Information Technology, in a move that will significantly expand the firm’s cloud capabilities across its Clareti data platform. Inforalgo specialises in cloud-hosted, straight-through-processing (STP) solutions and intelligent automation technologies for financial institutions, providing complex real-time connectivity delivered as a flexible automated service and…

Banks Raise Concerns Over Compliance in New Covid Study

A new survey from StarCompliance measuring the impact of the coronavirus pandemic on global compliance has found that a majority of banks are unsatisfied with their current compliance programs: primarily due to the processes and systems they have in place to manage them, as well as the complexity of operation related to dealing with clients…

EBA Seeks to Reduce Reporting Costs for Financial Firms

The European Banking Authority (EBA) is exploring ways to streamline supervisory reporting requirements and reduce reporting costs for financial institutions, especially smaller ones, as part of its drive to create a more “proportionate” regulatory and supervisory framework. Common supervisory reporting was first introduced in the EU back in 2013, and the EBA is mandated by…