RegTech Insight Blogs The latest content from across the platform
Compliance.ai Plans Market Growth and Expansion on Back of $6 Million Funding Round
Compliance.ai, a provider of regulatory change management solutions, has secured $6 million of funding, which it will use to promote market growth and expansion. At the same time, the company has brought in a new CEO, Asif Alam, who will replace Kayvan Alikhani, who will continue innovating Compliance.ai products as co-founder and chief product/strategy officer….
UK Turns Focus on ESG Data for Pension Funds
Pension fund managers and asset owners in the UK have become the focus of a number of government initiatives to address ESG data challenges facing the industry. The most recent is a taskforce set up by the nation’s Department for Work and Pensions that aims to identify reliable data and metrics on social factors affecting…
ION Releases Compliance SaaS to Target Tier 2 / 3 Buy Sides
ION Markets is targeting Tier 2 and Tier 3 asset management firms with its new Compliance SaaS solution, which helps firms comply with regulations globally as well as internal policies governing their investment activities on behalf of clients. The new platform uses Web technologies to offer SaaS and HTML 5 delivery of the former Sentinel…
Latest MiFID Update Adds to Firms’ ESG Challenges
Manufacturers of financial products are racing to complete their first ESG disclosures under MiFID II. While the amendment to the Markets in Financial Instruments Directive was announced in April last year, the fact that this latest regulation comes into force when the next iteration of Europe’s broader sustainability law is just around the corner has…
Aspire and Know Your Customer Partner to Offer On-Boarding to SMEs in Southeast Asia
Singapore-based finance services provider Aspire has partnered with Know Your Customer to offer the latter’s digital onboarding capabilities to the estimated 70 million small- and medium-sized enterprises (SMEs) and entrepreneurs across Southeast Asia. The new partnership will enhance Aspire’s ability to digitise and streamline corporate onboarding for SMEs, entrepreneurs and corporate clients using Know Your…
SFDR Seen Helping to Fill ESG Data Gaps
The European Union’s wide-ranging ESG regulation has imposed in financial institutions, huge data gathering responsibilities, many of which are a challenge to meet. But the requirements of the Sustainable Finance Disclosure Regulation are expected to actually help solve some of the challenges that currently make compliance difficult. In particular, SFDR is seen as a galvanising…
M&G Investments Selects Bloomberg as Sanctions Data Provider
M&G Investments has selected Bloomberg as its sanctions data provider to support compliance decision-making, as well as portfolio and risk management. The deal extends Bloomberg’s relationship with M&G Investments, which previously adopted all the services offered by Bloomberg Data Management Services. Using Bloomberg’s sanctions data solution, M&G Investments will have access to the data vendor’s…
Plenitude Secures Strategic Investment from Private Equity Firm GCP
Financial crime and compliance specialist Plenitude has secured a strategic investment from Growth Capital Partners (GCP), a private equity firm focused on investing in growth companies in the technology and services sectors. The investment will support the further build-out of new software capabilities and accelerate Plenitude’s expansion plans including establishing a presence in the Asia-Pacific region….
The Long and Winding Regulatory Road to MiCA
By Javier Hernani, Head Securities Services, SIX. As we witness a collapse in cryptocurrencies, it is clear nowhere is regulation needed more than in the burgeoning crypto-asset marketplace. Especially in the digital asset class with the largest market capitalisation (estimated to be in the region of $2.3 trillion) – cryptocurrencies. Dominated by the likes of…
Climate Risk Climbs Up Executives Worry List but Data Gaps Remain a Challenge
Financial services firms and corporates are increasingly incorporating climate risk into their risk management frameworks, but a lack of data is hampering the process. A survey by Bloomberg found that almost nine in 10 senior executives polled said they had begun aligning their risk management processes with climate change. Nevertheless, only 5 per cent of the people questioned…