RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
The Future of Fighting Financial Crime
Money laundering is a truly global phenomenon. The amount of illicit proceeds from criminal activity is estimated to account for 2-5 % of global GDP, yet less than 1% is seized or frozen by law enforcement in the financial system, while data protection rules impede information sharing between the public and private sector and inhibit…
RegTech Summit Calls for Collaboration Between Vendors, Users and Regulators
A-Team Group’s RegTech Summit returned to London last week with an impressive line-up of keynote speakers, lively panel discussions and an innovative regtech showcase featuring four newcomers to the market. The event also hosted numerous sponsors exhibiting leading regtech solutions and was joined by over 200 capital markets participants keen to further their knowledge of,…
Recorded Webinar: Client lifecycle management: faster Onboarding, KYC, AML and GDPR processing
Are your client lifecycle management processes – including client onboarding, Know Your Customer (KYC), Anti-Money Laundering (AML) and most recently General Data Protection Regulation (GDPR) – up to the right standard for today’s pressing regulatory challenges? Early iterations of KYC and AML applications may no longer be effective from either a compliance or competitive perspective,…
Blackstone Closes Deal to Take 55% Stake in Thomson Reuters Financial & Risk Business
Nearly nine months after Thomson Reuters signed a definitive agreement with Blackstone that would give the private equity firm a 55% stake and Thomson Reuters a 45% stake in the company’s financial and risk business, the deal is closed and the business rebranded as Refinitiv. With backing from Blackstone, Refinitiv plans to invest in a…
Gibraltar Stock Exchange’s Targ Patience Discusses the Role of Regtech in Fighting Financial Crime
Fighting financial crime is imperative and is best achieved by having impenetrable client onboarding, anti-money laundering (AML) and Know your Customer (KYC) processes in place. At some firms, first generation systems are struggling to cope with the volume of data that needs to be processed quickly and efficiently to ensure accurate entity data and effective…
Get Ready For RegTech
Get ready as the second annual A-Team Group RegTech Summits are fast approaching. Held in both London and
Gearing up for GIPS 20/20
The Chartered Financial Analyst (CFA) Institute released the Global Investment Performance Standards (GIPS) 20/20 Exposure Draft for public comment late last month. The draft outlines significant changes to the current standards that could alter financial firms’ approaches to compliance. Comments on the draft must be made by December 31, 2018, with final adoption of the…
Institutional Crypto Exchange Archax Partners Custom House for KYC, AML Checks
By Uri Inspector, Staff Reporter Archax, an institutional-grade cryptocurrency exchange planning to launch in 2019, has tapped fund administrator Custom House Global Fund Services to conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) checks on all future exchange participants. Custom House will ensure that all firms or professional investors wishing to join the Archax…
Could Privatisation Give Dun & Bradstreet the Push It Needs to Succeed?
The $6.9 billion acquisition of Dun & Bradstreet (D&B) by a consortium of private equity investors led by CC Capital and Cannae Holdings, announced this week, could herald the streamlining and modernisation of the venerable 177-year-old, publicly traded credit data specialist, according to observers. Founded in 1841 as a credit information provider, the company is…
Thomson Reuters Partners CryptoCompare to Add Cryptocurrency Data to Eikon
By Uri Inspector, Staff Reporter Thomson Reuters has made a strategic partnership with global cryptocurrency market data aggregator CryptoCompare to provide crypto data to the Eikon financial analysis desktop platform. The deal takes Thomson Reuters further into the crypto space, with CryptoCompare integrating its real-time order book and trade data for 50 leading crypto coins…