RegTech Insight Blogs The latest content from across the platform
Vendor Strategy: Alveo Shifts from Professional Services to Managed Services to Broaden Offering Beyond Data Management
Alveo, a provider of market and reference data integration and analytics solutions for financial services firms, has designed its technology to optimise data flows for business user self-service, and provides cloud-native data aggregation and data quality solutions to give clients access to trusted data while maximising their return on investment. Martijn Groot, vice president of…
Privacy Enhancing Technologies – A Game Changer?
Privacy Enhancing Technologies (PETs) hold promise for financial institutions as a means of collaborating on customer data while ensuring its privacy and security. Use cases include measuring the quality of KYC data in a peer group, sharing suspicious activity reports, and bringing together transaction data for Anti-Money Laundering (AML) purposes. As well as supporting these…
GDPR Reform: How Will a New Data Protection Regime Impact UK Financial Firms?
The data protection regulatory regime in the UK could soon look very different, if proposed changes to the current UK General Data Protection Regulation (UK GDPR) come to fruition as part of a recently published UK government plan to move its data protection laws in a new direction following the country’s split from the EU….
Corlytics, First Derivative Win Funding for ‘Groundbreaking’ ESG Taxonomy Project
RegTech provider Corlytics and managed services group First Derivative have received funding to jointly develop an open-source ESG taxonomy mapping project. The companies received a “reasonably considerable amount” from Irish advocacy group Sustainable Finance Ireland (SFI). The money will help build out what the companies describe as the world’s first open-source taxonomy tool. Once compiled,…
Singapore RegTech Plan Signals Asian Maturity in ESG Approach
Singapore’s recent decision use RegTech to tackle greenwashing illustrates the strides leading Asian economies are making to toughen regulation of sustainable finance. The announcement at the city state’s annual fintech conference coincides with the release of a white paper by the Fintech Association of Hong Kong (FAHK). The document lays a vision of an ESG…
CloudMargin Partners with Margin Tonic for AANA Calculations Under UMR
Collateral management specialist CloudMargin has partnered with regulatory consulting services provider Margin Tonic to launch a global Average Aggregated Notional Amount (AANA) calculation service for the latter phases of the Uncleared Margin Rules (UMR). The joint subscription solution automates the AANA calculation for clients using the CloudMargin platform, leveraging Margin Tonic’s expertise in the multi-jurisdictional UMR, helping…
Apex Group Partners with Governance.com to Automate Regulatory Process Management
Fund administrator and wider financial services provider Apex Group has forged a five-year digitalisation partnership with Governance.com, which provides a low-code process managed platform for regulated entities. The Governance.com solution supports Apex’s ‘digital first’ agenda; the partnership aims to allow Apex to be an early adopter of FinTech in regulatory process management. As its first…
Tradovate Adopts Eventus Validus Platform for Regulatory Monitoring
Tradovate, a US online brokerage firm catering to self-directed futures traders, has deployed Eventus Systems’ Validus trade surveillance platform to identify patterns of dangerous activity within its order flow, as well as to meet regulatory requirements, including monitoring and ensuring the proper use of regulatory tags. The firm is using Validus to monitor more than 2.5…
Bank of England Climate Tests Criticised, but Could Show Route to Net-Zero
The Bank of England’s examination of the lending sector’s vulnerabilities to climate-related shocks has come under fire even as gaps exposed in the exercise have helped show how the industry can decarbonise. The London-based central bank has been accused of giving banks and insurers an easy pass on proofing their lending activities against climate risks….
ISSB Creation Hailed as Important Move in Standards Reporting
The creation of a global body to oversee sustainability reporting standards has been hailed as a giant step in bringing order to the complicated patchwork of ESG disclosure frameworks. The IFRS Foundation on Wednesday said it has created the International Sustainability Standards Board (ISSB) to oversee the creation of a globally recognised set of ESG…