RegTech Insight AML, KYC & Financial Crime The latest content from across the platform
FinScan Data Quality Chief Seeks to End Compliance Failure Excuses
The dog ate my homework. The train was delayed. The postman mislaid your birthday card. At one time or another, we’ve all used a weak excuse to forestall censure for an error of behaviour or judgement. And mostly, we’ve got away with it. In financial regulatory compliance, however, excuses won’t wash. Especially when it comes…
GLEIF Begins a New Decade in Growth Mode
The Global Legal Identifier Foundation (GLEIF) enters its second decade this month with its novel system of identifiers for everything from companies and their financial instruments to real assets fast becoming a global standard. While the next five years are expected to see yet more entities join the GLEIF’s open data project, the organisation’s immediate…
Addressing Financial Crime and AML with RegTech: Insights from the RegTech Summit 2024
Since the Bank Secrecy Act (BSA) was enacted 54 years ago to prevent and detect money laundering and terrorist financing, the compliance obligation has evolved from a basic reporting requirement into a highly complex and continually evolving anti-money laundering (AML) regime. An expert panel at A-Team Group’s RegTech Summit (NYC) in November convened to evaluate…
Predictions for 2025: Regulatory Climate to Impact Data Management as KYC Initiatives Evolve
By Cenk Ipeker, General Manager, Product Management, Cloud, NICE Actimize. As we enter 2025, financial institutions are likely to witness a shift toward more efficient, customer-friendly, and compliant Know Your Customer (KYC) practices. These changes will occur as institutions navigate an evolving regulatory landscape and technological advancements, with data management becoming a key focus area…
KYC 2.0: Elevating Customer Due Diligence Practices
By Steve Marshall, Director, Advisory Services, FinScan, an Innovative Systems solution. Know Your Customer (KYC) requirements for anti-money laundering (AML) programmes are entering a new era. Evolving regulations, industry best practices, and ongoing scrutiny of compliance programmes are pushing organisations subject to KYC regulations to reevaluate their approach to customer due diligence (CDD), the process…
Why NatWest’s e-Comms Channel Ban Sparks Debate: Insights from Symphony’s Brad Levy
NatWest’s recent decision to ban popular messaging platforms like WhatsApp and Facebook Messenger on company devices has reignited debate over how financial institutions manage off-channel communications. Brad Levy, CEO of Symphony shared his insights with RegTech Insight on why channel bans are only a temporary solution to a complex issue. Levy argues that there is…
A-Team Group Names RegTech Insight – USA 2024 Award Winners
You have all voted and the results are in – A-Team Group has announced the winners of its RegTech Insight Awards – USA 2024. The awards acknowledge leading RegTech solutions, services and consultancy to capital markets participants across the USA, and the winners were named following the company’s 8th annual RegTech Summit in New York…
Fenergo 2024 KYC Survey Highlights Institutional Investor Churn and Compliance Costs
The cost of inefficiency in Know Your Customer (KYC) processes goes far beyond regulatory penalties. According to the Global KYC Trends in 2024 for Asset Management report by CLM platform provider Fenergo, 74% of asset managers surveyed reported losing investors due to slow, complex, and disjointed onboarding processes. These losses are not just missed opportunities—they…
RegTech Summit New York – Where Innovation Meets Compliance
A-Team Group’s RegTech Summit New York is back in Midtown Manhattan for its eighth year, bringing together industry practitioners, innovators and regulators to share insights into the most pressing regulatory changes and trends shaping the future of capital markets. Prepare yourself for a full day of dynamic discussions, insightful presentations, and networking where industry leaders…
Interoperability and Innovation: Building a Unified Defence Against Global Fraud
By Josh Vowles-Dent, Business Strategy and Partnerships Manager, ComplyCube. The global regulatory landscape has become far more demanding over the past few years, leaving firms vulnerable to the costly penalties and reputational damage that come with non-compliance. Regulations have become increasingly complex as a result of the dynamic nature of fraud and its fast-paced evolution….