RegTech Insight Blogs The latest content from across the platform
Borrowing Time: Industry Must Converge on Margin Call Automation
By Tim Keady, Chief Client Officer (CCO) and Head of DTCC Solutions. Although the global impact of Coronavirus (Covid-19) feels like a once-in-a-generation event, it is the latest in a string of crises that have impacted financial markets over the past couple of decades. With the tech bubble burst in 2000; followed by September 11, 2001; then the financial crisis of 2008-2009; and the flash crash of 2010, the industry is no stranger to disruptive events. Not…
SmartStream RDU Launches API to Get Firms Over the SFTR Finish Line
Transaction Lifecycle Management specialist SmartStream has extended its Reference Data Utility (RDU) SFTR service to include a new API targeting firms who need fast access to the technology and data needed need to meet ESMA’s delayed SFTR reporting deadline of July 13. The API gives access to new tools to validate reference data content during…
Cappitech Joins Forces with REGIS-TR for End-to-End Service
EU trade repository REGIS-TR and Cappitech, a regulatory reporting service provider, have confirmed a new collaboration to deliver a streamlined, end-to-end regulatory reporting service. The partnership will link the two firms’ complimenting services for the Securities Financing Transactions Regulation (SFTR), the European Market Infrastructure Regulation, and its UK iteration, along with Switzerland’s Financial Market Infrastructure…
SFTR Approvals Could Cast a Spanner in the Works
With the delayed go-live date for the EU’s SFTR regulation less than a month away, the pressure is once again on as firms scramble to get ready for their new regulatory reporting requirements, pushed back from April 2020 due to coronavirus. And while most firms should be well into the testing phase by now, there…
Santander Selects ThetaRay’s AML Solution to Boost Data Lineage Capabilities
Banco Santander has joined forces with ThetaRay, a provider of AI-based big data analytics, to utilise its AML solution for correspondent banking. The rules-free solution uses machine learning algorithms to identify anomalies in SWIFT and KYC data that point to money laundering, enabling early resolution. The system will analyse the bank’s SWIFT traffic, risk indicators…
Using Artificial Intelligence to Know Your Customers, not your Criminals
By Hugo Chamberlain, smartKYC. How can just searching for ‘adverse media’ on your customer mean you are getting to ‘know’ them at all? In this article we ask, are we really harnessing the full power of KYC technologies? With an abundance of mounting regulations, it is only natural that Know Your Customer screening has been…
Crunch Time for RegTech Providers and FI Adopters
While the coronavirus pandemic has slowed the rate of innovation in capital markets, it has also highlighted a need for change that is expected to be driven by both the capabilities of RegTech providers and the acknowledgement by financial institutions that they must embrace innovation to resolve external client pain points and internal inefficiencies. These…
Quantifind and OpenCorporates Expand Partnership to Fight Financial Crime
Quantifind, a software company providing solutions that boost the effectiveness and efficiency of anti-money laundering (AML) and fraud investigations, has expanded its collaboration with OpenCorporates, the largest open database of companies in the world. Building on their existing partnership, Quantifind plans to integrate the complete OpenCorporates database of more than 180 million companies from over 130…
EU Launches Dedicated New Unit in Financial Crime Crackdown
The EU has set up a new division to fight an expected surge in financial crime and money laundering as a result of the coronavirus crisis, with a focus on the protection of public funding. The unit has been set up in response to the potential increase of financial and economic crime and the involvement…
Are You Ready for RegTech Virtual 2020?
We’ve only got a week to go, and our brand new and fully virtual RegTech Summit is fast approaching. One of the most innovative, exciting and engaging platforms we have ever worked on, we are delighted to bring you two days of unique, insightful and cutting edge content on the most pressing regulatory challenges of…