RegTech Insight Blogs The latest content from across the platform
Shield Integrates with Zoom to Ensure Communications Compliance
In response to client demand, specialist RegTech provider Shield has integrated its complete eComms compliance and Surveillance platform with collaboration platform Zoom. Its capture, surveillance and investigation tools can now be used across video, audio, chat and shared data files on the Zoom system in order to protect communications and ensure compliance during these unprecedented new Covid-19 working conditions….
SteelEye Seeks to Automate Compliance with Auto-Trade Reconstruction Technology
Compliance technology and data analytics firm SteelEye made a splash last week with the launch of its new Auto-Trade Reconstruction technology, which reduces the time it takes for a firm to reconstruct a trade from days to seconds. Under MiFID II, MAR, Dodd-Frank and other global regulations, authorised firms can be asked by the regulator at…
FINRA Starts the Clock on OATS Retirement
By Peter Gargone, CEO at n-Tier. FINRA’s August 14 SEC rule filing, coupled with its July 29 compliance webinar, provide the clearest view yet on FINRA’s approach to enforcing CAT regulatory compliance and achieving the industry’s goal of retiring OATS reporting. Peter Gargone of compliance software specialist n-Tier discusses the complexities of the transition, and the…
Next Six Months Crucial for LIBOR Transition, FCA Urges Firms to Sign ISDA Protocol
The four to six months ahead of us are arguably the most critical period in the transition away from LIBOR, and the time to act is now. So says Edwin Schooling Latter, Director of Markets and Wholesale Policy at the UK’s Financial Conduct Authority, as he urges the financial services industry to prepare for one…
New Mobile App Boosts ACA Compliance Group Capability
In today’s increasingly distributed work environment, accessibility is everything – and firms are having to find new ways to meet their compliance requirements whilst managing a workforce that is more disparate, fragmented and remote than ever before. “With competing regulatory focus areas requiring vigilant oversight and cost pressures being higher than ever, it’s imperative that…
AML Penalties Increase in APAC as Regulators Rev their Engines
By the end of July 2020, AML, KYC and sanctions fines for global financial institutions reached $5.6 billion, according to the latest findings from client lifecycle management specialist Fenergo. Notably however, although overall penalties were actually down by a third compared to the same period last year, fines issued by APAC regulators related to AML…
AxiomSL Reveals New FRTB Certification in Line with ISDA Benchmarking
AxiomSL, a provider of regulatory reporting and risk management solutions, has launched its new Fundamental Review of the Trading Book (FRTB-SA) and Counterparty Credit Risk (SA-CCR) certification – one of the first to provide clients with calculations in line with the International Swaps and Derivatives Association’s (ISDA) ‘golden source’ calculations. The rigorous golden source calculations…
New Funding Round for kompany Marks Growth Prospects
Business verification and business KYC (KYB) specialist kompany has won new investment of almost €6 million from players including Fairway Global Investment and Japanese VC firm Global Brain, who join the European Super Angels Club as major shareholders. Over the past year company has seen rapid growth, doubling its headcount as its takes advantage of…
AI to Assist Regulatory Compliance and Drive Transparency and Growth in an Uncertain World
By Lucas Wurfbain, Co-CEO, FeedStock. The impact of the Covid-19 pandemic on the asset management industry has been transformative and wide-ranging. Increased market volatility and a large-scale move to remote working environments, alongside the ever-present uncertainty that comes with almost daily changes in government policy are now the new normal. The regulatory environment has also…
Cross-Sector Data Platform Hopes to Revolutionise the Fight Against Financial Crime
Last week, a consortium of businesses, banks and the UK Financial Conduct Authority (FCA) announced a pioneering new AI-driven data access platform set to launch in 2021, led by RegTech firm RegulAItion. The AIR Platform promises to transform the way in which data is accessed by regulated industries, providing a digital infrastructure for scalable, automated…