RegTech Insight Blogs The latest content from across the platform
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…
VoxSmart Raises $12 Million in New Funding
Surveillance technology supplier VoxSmart has raised $12 million in a funding round that includes ToscaFund and other existing investors. The latest raise is aimed at helping VoxSmart leverage the opportunity presented by the greater regulatory scrutiny of WhatsApp and other communications channels used by financial professionals. VoxSmart CEO Oliver Blower says the company has witnessed…
ESG Ratings Providers See Calls for Regulation Snowball
The knives are out for ESG rating firms. Often criticised for their lack of consistency in assessing companies’ sustainability and ESG performances, ratings providers are now the subject of regulatory scrutiny with UK officials last week saying such companies were failing green markets. The Financial Conduct Authority (FCA) said the opacity of the methodologies of…
Clausematch Partners Várri Consultancy to Provide Compliance Solutions in MENA Region
Clausematch, a RegTech company offering solutions for compliance, has partnered Várri Consultancy to make compliance automation software available for small and medium enterprises in the Middle East and North Africa (MENA) region. Headquartered in Dubai, Várri provides strategy consulting, as well as risk and governance advisory services. This is London-based Clausematch’s first partnership in the…
Themis Adds Supply Chain Risk Assessment Tool
Themis, a provider of anti-money laundering software, has released a supply chain risk assessment tool that allows firms to map high-risk geographies and sectors, and possible touch points of financial crime including fraud, money laundering and terrorist financing, modern slavery and human trafficking, and bribery and corruption. The risk assessment tool helps firms visualise invisible…
Market Abuse Regulation – How to Detect and Analyse Abusive Market Transactions
A clear understanding of the business, frequent risk assessments, staff training, and a suitable surveillance system are key to compliance with Market Abuse Regulation (MAR) and its equivalences. So too, are governance, board level responsibility, and a strong compliance culture across the organisation. These are just some of the findings from a recent webinar hosted…
BSI Examining Better Use of Data to Improve Firms’ ESG Performance
The drafters of a new standard to help financial companies manage their sustainability obligations and targets is also working with academics to identify how data can be better used to improve ESG performances. The British Standards Institution (BSI) has enlisted the help of universities, including Oxford, in its IMPACT programme to work out ways that…