Australia’s biggest bank has seen profits slump by 8.1% following regulatory and compliance costs of over $1 billion amid a series of scandals, lawsuits and regulatory investigations. According to CEO Matt Comyn, Commonwealth is currently handling a number of “regulatory and risk projects.” The bank is working with RegTech firm Red Marker to implement a real-time compliance tool to automate manual processes. It is also experimenting with voice detection technologies and has built an engine that can run sequences based on existing data sets to identify compliance trends and issues.
A-Team Insight Briefs
This webinar has passed, but you can view the recording by registering here. Data lineage, the ability to track the source and lifecycle of your reference data, is becoming increasingly important as regulations call for greater transparency and risk managers require confidence in the data feeding their models. What regulations are driving the need for...
A new partnership is set to combine two of the most fragmented and challenging areas of market surveillance, as SOTERIA (formerly known as Insightful Technology) joins forces with managed data services and RegTech provider, RIMES Technologies, to create a new solution that assists firms to detect market abuse and insider dealing through the unison of...
Now in its 3rd year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...