RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
Schroders Selects Clarient Entity Hub to Support Know Your Customer Processes
Schroders Investment Management (Luxembourg) has selected Clarient Entity Hub to support Know Your Customer (KYC) processing for intermediary and institutional investors at its Luxembourg funds hub, and to help counterparties complete their KYC processing on Schroders’ Luxembourg funds. Before joining the Clarient Entity Hub, which offers a utility based service designed to simplify client data…
A-Team Data Management Summit Discusses Hot Topics and Technologies
Data governance, operations automation, data quality, regulation, blockchain technology, Know your Customer (KYC) and client onboarding were among the hot topics discussed at this week’s A-Team Group Data Management Summit in London. The first keynote of the day, Data Governance – Winning Hearts and Minds, was presented by Kevin Ayling, head of data quality governance…
Strategic Responses to Unrelenting Regulation
Financial institutions continue to take a tactical rather than strategic approach to data management for multiple regulations, but change is on the way and will be discussed during a panel session on the challenges and opportunities of incoming regulation at this week’s A-Team Group Data Management Summit in London. Panel member Peter Warms, manager of…
Developing Best Practice for Optimal KYC and Client Onboarding Performance
Know Your Customer (KYC) and client onboarding programmes are well established in the banking sector, driven by regulatory requirements and beginning to deliver tangible benefits – but there is still much to be done to achieve best practice for optimal performance. The data management challenges presented by KYC and onboarding, as well as the opportunities…
Data Management Experts Discuss the Dilemmas of Data Quality
Data quality has become an imperative for financial institutions as they face increasing regulation and look to data for business benefits and opportunities – but it is not always easy to achieve and requires significant investment in time and resources. For many institutions, a definition of data quality is based on some or all of…
Alacra Eases Access to Companies House Client Due Diligence Documents
Alacra has improved access to due diligence documents for UK domiciled firms by integrating the beta version of Companies House application programming interface (API) with the Alacra Compliance Enterprise (ACE) platform that provides Know Your Customer and client onboarding services. The company, recently acquired by compliance platform provider Opus, is also working with Companies House…
ICBC Standard Bank Implements Fenergo Client Lifecycle Management
ICBC Standard Bank is implementing Fenergo’s client lifecycle management solution to meet Know Your Customer, Anti-Money Laundering and customer onboarding rules and regulations, and improve operational efficiency. The Industrial and Commercial Bank of China (ICBC) acquired a majority stake in London-based Standard Bank from South Africa’s Standard Bank Group early last year and took on…
Markit Integrates EDM with VistaOne Data Warehouse and vReporter
Markit has completed the integration of VistaOne and vReporter with its enterprise data management (EDM) software and is preparing to bring a combined EDM, data warehouse and reporting solution to market. The company acquired the VistaOne data warehouse and reporting solution as part of its acquisition of CoreOne Technologies in August 2015. It also acquired…
Nice Actimize Moves into Middle Tier Market with Cloud Based AML Solution
Nice Actimize is moving into the mid-sized financial institutions market with a cloud platform that will initially provide an anti-money laundering (AML) software-as-a-service solution and later a complete suite of financial crime applications. The AML solution, Actimize AML Essentials, is a packaged and variant version of the company’s AML enterprise software. It covers suspicious activity…
Markit Releases Due Diligence Solution for Common Reporting Standard
Markit is addressing the customer due diligence requirements of the Common Reporting Standard (CRS) with a solution based on its tax and Know Your Customer (KYC) experience, and designed in conjunction with five market participants including Barclays and Brown Brothers Harriman. Essentially, CRS is a global version of the US Foreign Account Tax Compliance Act…