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CellTrust Partners with Global Relay for New Voice Recording Solution
CellTrust Corporation, a US-based provider of enterprise mobile communications compliance- capture and security, has teamed up with the Global Relay, which offers compliance archiving, supervision, eDiscovery, and analytics solutions to the financial services industry, to launch a new CellTrust SL2 voice capture solution. CellTrust SL2 captures voice communication and contextual history, provides voice call records…
Data Breaches Up 480% in 2018, but is GDPR Compliance the Answer?
The number of data breaches reported by UK financial services firms to the Financial Conduct Authority (FCA) increased by 480% in 2018, up to 145 up from just 25 in 2017. Is this solely down to the new GDPR regime, or are there a wider problems at play – and how can firms leverage new…
Senior Managers & Certification Regime: Six Major Challenges for Financial Firms
The FCA’s Senior Managers and Certification Regime (SM&CR) is topping the list of regulatory challenges for financial institutions in 2019, with the December 9 deadline throwing up new challenges and concerns around the way firms must handle their duties, process their data and implement internal procedures. Martin Lovick, Senior Principal Consultant at governance, risk and…
Solidatus Opens New Singapore Office
Data lineage solutions provider Solidatus has opened a new office in Singapore to service the Asia-Pacific market. The expansion follows two successful trade missions to Asia with the UK Department of Trade in 2018: the Hong Kong FinTech Week 2018 and the Singapore FinTech Festival 2018. “The decision to expand our presence in APAC was…
TradingTech Summit Discusses Brexit, Market Complexity, Innovation, and More!
A-Team Group’s first TradingTech Summit under the TradingTech Insight brand got off to a great start with Beate Born, executive director of risk and regulatory management at UBS Wealth Management, providing an inspirational industry keynote on the outlook for risk, regulation and sustainability in 2019. The presentation not only set the scene for the summit,…
Governor Extends Compliance Capabilities with Two New Partnerships
Governor Software, a provider of risk and oversight solutions for financial executives, has had a busy week this week: with the expansion of its live version of the FCA Handbook to include real-time regulatory news from intelligence firm Corlytics, and a new partnership with risk solutions provider Castlehill to offer enhanced integration of legacy governance,…
FCA Highlights Key Concerns over MAR Compliance
Effective compliance with the Market Abuse Regime (MAR) is “a state of mind” that requires a series of complex situational judgements – and time pressures could cause potential problems, warned Julia Hoggett, Director of Market Oversight at the UK’s Financial Conduct Authority (FCA). This raises a number of key concerns around compliance which demand urgent…
Six Ways to Stay Ahead of Financial Regulators with RegTech
By Burt Esrig, Managing Director and Michael Lehman, Partner, ACA Compliance The RegTech industry has exploded, with over 250 RegTech businesses worldwide and $1bn invested last year, as firms look to beat the regulators and the competition. But firms still aren’t doing enough. There have been $26 billion in fines for non-compliance with AML, KYC and sanctions regulations over the past decade….
Nasdaq Sells GRC Platform to SAI Global
Integrated risk management software provider SAI Global has confirmed plans to acquire BWise, an enterprise governance, risk and compliance (GRC) software platform established in 1994 and acquired by Nasdaq in 2012. The transaction, subject to regulatory approvals, works council and other representative body consultations and notifications in various applicable jurisdictions, is expected to complete in…
Brussels Issues Draft Guidelines for AI Regulation
In December 2018 the European Commission’s High Level Expert Group on Artificial Intelligence (AI HLEG) released its ‘Draft Ethics Guidelines for Trustworthy AI’, a working document for stakeholder engagement that cites AI as “one of the most transformative forces of our time.” The guidelines emphasise that “an ethical approach to AI is key to enable…