RegTech Insight Blogs The latest content from across the platform
Evidology Integrates RegTech Platform with Microsoft Office 365
London-based compliance management specialist Evidology Systems has integrated its second-generation RegTech platform QED with Office 365, bringing the visibility of principles-based regulations into daily business workflows. The QED (Quality and Evidence Driven) platform, launched back in November 2019, combines real-time specialist legal opinion with principles-based regulations compliance software. Using an industry-standard visualisation tool and intranet…
FCA Business Priorities Could Be Derailed By COVID-19
The UK’s Financial Conduct Authority has laid out its business priorities for the year ahead, but warns that it will focus on the challenges presented by the coronavirus epidemic, which could lead to a shift in priorities as the year progresses. The FCA identifies four primary objectives for the coming year: including enabling effective consumer…
COVID-19: Regulator Round-up (20 April)
In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to…
COVID-19: Regulator Round-up (14 April)
In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to…
Kompli-Global Launches Remote Corporate Onboarding Platform
AML specialist Kompli-Global has launched Kompli-QED, a new remote corporate onboarding platform, in a bid to help financial firms fight an increase in COVID-19 related fraud and financial crime. The AI-based platform facilitates activities that regulated entities, such as banks, payment providers, accountants, estate agents and law firms, must undertake as part of their compliance…
Wolters Kluwer and Vizor Software’s Singapore Partnership Aligns Regulator and Financial Services Software for Improved Regulatory Reporting
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business and Vizor Software have teamed up to work on a partnership for the Singapore market that will integrate the Vizor Reporting API into Wolters Kluwer’s OneSumX platform for regulatory reporting, allowing it to automatically consume published machine-readable regulatory rules and data models directly from Singapore’s regulatory system. Vizor Software…
Unravelling AML Technology to Tackle Compliance and Mitigate Risk
By Niall Twomey, Chief Technology Officer, Fenergo. Recent research on financial institution fines revealed that, since 2008 global penalties have reached $36 billion for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. That is a 160% increase since our last fines analysis report, in September 2018, highlighting the unrelenting and costly march…
FRTB Calculation Debates Centre on Style, When They Should be Focusing on Substance
By Tim Versteeg, Managing Director of APAC at NeoXam. It’s been a turbulent few years for financial institutions when it comes to regulations, and 2020 is no different. With FRTB set to come in at the end of the year, financial institutions are devoting significant time and resources to comply with the regulation. For the…
Creator of SOTERIA Branches Out with New Agnostic Audio Assurance Offering, as Regulatory Focus Sharpens
Insightful Technology, the RegTech specialist most recently known for creating Communication compliance and surveillance SaaS solution, SOTERIA, has spread its wings today with the launch of the first agnostic stand-alone product outside of the core offering. Audio Assure, a solution that enables automated and accurate audio testing, as well as the monitoring of line operations…
AML Fines Increase by 160%, Finds Fenergo
Between October 2018 and December 2019, regulators across the US, Europe, APAC and the Middle East have levied over $10 billion in financial penalties against financial institutions for AML/KYC and sanctions-related violations and a further $82.7 million for data privacy and MiFID violations, according to Fenergo’s latest analysis of global regulatory fines for AML, KYC,…