RegTech Insight Blogs The latest content from across the platform
Full Circle: What We’ve Learned From A Crazy Year
2020 is finally (thankfully!) drawing to a close. It’s our last issue of the year, and what a year it has been. From lockdowns to loopholes, disaster recovery and doom-mongering to booming markets and business as usual, the past 12 months have been a rollercoaster ride for everyone, and the financial services have not escaped….
Thomson Reuters Report on ‘Fintech, RegTech and the Role of Compliance’ Finds Increased Use of Technology During Pandemic
The Thomson Reuters’ Fintech, RegTech and the Role of Compliance Report 2021, released this week, finds that the adoption and implementation of technology has taken a huge step forward during the pandemic, despite the continuing budget challenges that firms face. Sector growth is expected to accelerate in the coming months and years, predicts the report,…
DTCC Acquires Sapient’s Platform for Compliance Management Reporting
The Depository Trust & Clearing Corporation (DTCC), which provides market infrastructure for the global financial services industry, has acquired Publicis Sapient’s Compliance Management Reporting System (CMRS). DTCC plans to integrate the system with its own Report Hub service to create a comprehensive pre- and post trade reporting solution. Firms using the newly expanded DTCC Report…
BTP Partners with The Demex Group on Climate Risk
Enterprise blockchain company Blockchain Technology Partners (BTP) has partnered with climate risk insurtech The Demex Group to deliver climate-resilience through financial risk solutions on a global scale. Extreme weather events, natural disasters and the failure to mitigate and adapt to climate change were all included in the top five global risks by the World Economic…
To Buy or Build: Four Considerations for CIOs
By: Niall Twomey, CTO, Fenergo. Before embarking on a CLM (Client Lifecycle Management) digital transformation program, most financial institutions (FI) are faced with the ‘buy versus build’ conundrum; to buy something from a third-party vendor or completely build something internally. There are several factors that need to be considered in this decision making process including…
Are You Ready for Brexit?
Things might be up in the air at the moment around Brexit negotiations, but the UK financial regulators have made it very clear that firms must be ready for the final deadline on December 31, 2020 or risk facing the consequences. Firms that don’t prepare in advance for the changing regulatory environment could face tough…
CubeLogic Launches New Risk-as-a-Service Solution
Enterprise risk management specialist CubeLogic this week launched a brand new risk analytics solution in partnership with capital markets technology firm Numerix and London-based IOWArocks (formerly MDX Technology), a global marketplace for data, technology and services. The Risk-as-a-Service (Raas) platform provides advanced risk analytics as a fully managed solution, targeting both capital markets firms and…
Five Misconceptions About KYC Compliance in 2020
By Ian Henderson, CEO, Kyckr. Know Your Customer compliance suffers from a problem of unintentional secrecy. Everyone knows that organizations are responsible for meeting their KYC and AML obligations and keeping up with KYC best practices, but that’s becoming harder and harder to do. KYC is not simply a matter of going down a list and…
ESG: The Next Frontier for Financial Services
ESG is everyone’s favourite topic right now, but the mass of different regulations, standards and reporting requirements can be confusing. Last week at the RegTech Summit Virtual 2020, we were delighted to speak with Beate Born, Head of Strategic Projects, Investment and Trading Platforms at UBS Wealth Management, to discuss how firms could best address…
MarketAxess Acquires Regulatory Reporting Hub From Deutsche Börse
Electronic trading giant MarketAxess, which also provides market data and post-trade services for the global fixed income markets, today completed the long-awaited acquisition of Regulatory Reporting Hub, the regulatory reporting business of Deutsche Börse Group. MarketAxess acquired the business through Trax, its wholly owned subsidiary in the Netherlands, on November 30, 2020. The deal was…