RegTech Insight AML, KYC & Financial Crime The latest content from across the platform
AML – More Focus in 2018 for the FCA and Firms
By Philip Naughton, Head of UK Compliance, Cordium The regulatory landscape for anti-money laundering (AML) is continuing to evolve, and for financial institutions struggling under an increasingly heavy regulatory burden, we at Data Management Review felt that this article from financial services tech consultancy Cordium was of particular interest in highlighting the upcoming AML upgrades…
Broadridge Adds StatPro Portfolio Analytics to Performance Reporting Platform
Broadridge Financial Solutions has extended its performance reporting platform through a strategic partnership with StatPro Group, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry. The inclusion of StatPro analytics is in progress for Broadridge performance clients and is expected to be completed by the end of 2018….
Datactics LEI Match Engine Provides Free LEI Health Check Service
Datactics is offering a free LEI health check service that helps banks and asset managers ascertain the data quality of company information they hold in a legal entity master. The release of the service could not be better timed, with the MiFID II requirement for all counterparties to transactions to have a valid LEI coming…
TORA Partners Trax to Support MiFID II Trade and Transaction Reporting
TORA has extended its provision of MiFID II solutions through a partnership with Trax, the European market data division of MarketAxess. The partnership will combine TORA’s order and execution management system (OEMS) with the Trax regulatory reporting engine to provide users with straight through processing for the trade and transaction reporting requirements of MiFID II….
Improving Operational Efficiency in the Data Management Process
By: Hugo Boer, Senior Product Manager, Asset Control As the financial services industry starts to harness a raft of new data sources for fast, effective and usable insights, the bottleneck for financial institutions becomes how well they really understand their data management processes. How many firms, for example, can answer the following questions: Do we…
IHS Markit Repositions Business with Acquisition of Ipreo and Sale of MarkitSERV
It’s all change at IHS Markit as the company pushes further into the alternatives market through an agreement to acquire Ipreo and plans to move out of OTC derivatives processing through a sale of its MarkitSERV derivatives trade processing business. The company has agreed to acquire Ipreo, a provider of financial services technology, data and…
Thomson Reuters Adds Machine Learning Media Check to World-Check One
Thomson Reuters has upped the fight against financial crime with the addition of Media Check to its World-Check One platform. Media Check provides media screening and processing powered by machine learning and delivering increased efficiency and accuracy by filtering unstructured content from over 11,000 global print and web sources. Benefits of World-Check One’s Media Check…
Governor Expands Oversight Solution with FCA Integration
Governor Software has executed a new update to its institutional compliance oversight solution through a licensed link to the FCA Handbook, allowing clients to automatically integrate and update their internal client policies and controls with FCA guidance. The move, believed to be the first of its kind, provides compliance professionals with a new visualisation tool…
Itiviti Ups the Ante on Trading Systems Testing with VeriFIX Enterprise
Recently merged Itiviti and ULLINK have introduced VeriFIX Enterprise by Itiviti, an integrated platform for automated enterprise-level testing of trading systems. The solution expands on VeriFIX by Itiviti, which helps firms automate manual processes used to test trading systems and offers seamless migration from VeriFIX. Vaibhav Shukla, senior vice president, global services, at Itiviti, explains:…
Why Banks Aren’t Looking in the Right Places to Tackle the Profitability Problem
By Jay Patani, Tech Evangelist at ITRS Revenues at the world’s top investment banks are at their lowest levels since the financial crisis in 2008. According to research firm Coalition, the top 12 investment banks’ revenue fell to $150 billion in 2017, a 4% decrease from the previous year. A sizeable part of the decreasing…