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KYC Hub Launches OpsFlow for Automated Client Onboarding
Due diligence and compliance automation specialist KYC Hub has released a Robotic Process Automation (RPA) based platform to streamline client onboarding across a wide range of industries including financial services. OpsFlow aims to reduce complexity in the onboarding process by offering access to hundreds of global verification types through a single solution, allowing workflow and…
Recorded Webinar: Cross-Regulation Data Consistency and Accuracy
Regulatory reporting obligations continue to expand, bringing with them more overlaps of data elements across reporting regimes. As many firms struggle with the accuracy and completeness of individual reporting obligations, regulators have increasingly begun to focus on cross-regulation data consistency in their data validations and examination processes. This webinar will identify cases of data overlap…
A-Team Group Returns to New York with Acclaimed RegTech Summit – Don’t Miss It!
Don’t miss it! A-Team Group is back in New York on 16 November 2022 with its sixth RegTech Summit. The event will be packed with keynotes, presentations and panel sessions hosted by industry leaders and joined by regulators, leading RegTech practitioners, product innovators, and regulatory related organisations. The Summit will be followed by this year’s…
PRA Package of Regulatory and Data Strategy Change Planned for Completion by 2026
The Prudential Regulation Authority (PRA), which regulates and supervises financial services firms as part of the Bank of England, is planning to complete its RegTech and data integration strategy by 2026, bringing in a package of change including a new ‘look and feel’ to regulation, and refinements to what data is collected, how it is…
Fenergo Perpetual KYC Service Offers Operational Efficiencies, Reduced Costs and Risk
Fenergo has joined early providers of perpetual KYC services with Smart Review, a solution designed to enable financial institutions to streamline periodic KYC review processes and reduce costs through automation. Smart Review automates the continuous monitoring of client profiles for KYC compliance by identifying all changes to relevant entity data, transactions and anti-money laundering (AML)…
Recorded Webinar: How to apply innovative e-comms surveillance whilst ensuring control, compliance and enhanced productivity
Remember the days when email was the predominant media for electronic communications within and among financial institutions? Fast forward to today, and email represents a declining fraction of these e-comms, many of which are hosted by modern collaborative platforms such as Microsoft Teams, Webex, Slack, and Zoom, and all of which are subject to surveillance….
Sustainable Trading Adds Seven New Firms to its Membership Network
Sustainable Trading, the non-profit organisation aiming to transform environmental, social and governance (ESG) practices in the financial markets trading sector, has added seven new firms from across the trading industry to its membership network. Joining the 41 firms already participating in the industry initiative are Barclays, Liquidnet, Mizuho International, Rand Merchant Bank, Schroders, State Street…
Financial Institutions Spend $1,500 to $3,000 to Complete One Client KYC Review
Financial institutions are spending millions of dollars every year inefficiently onboarding and maintaining clients, according to research from Fenergo, a provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions. A global study of over 1,000 C-level executives across corporate and institutional banks found that, on average, over half are spending between…
Know Your Customer and HAWK AI Partner to Strengthen Defence Against Financial Crime
Know Your Customer, a provider of modular digital client onboarding solutions, and Hawk AI, a provider of anti-money laundering surveillance technology for financial institutions, payment firms and fintechs, have made a strategic partnership that will build a stronger defence against financial crime. The partnership combines Know Your Customer’s digital onboarding and business KYC solutions with…
Preparing for a Period of Regulatory Change
Murray Campbell, Business Consultant at AutoRek, considers how the compliance regime for UK financial services firms is changing and how outsourcing can help firms manage the regulatory burden. In recent years, the UK financial services industry has found itself with an opportunity to redefine the compliance landscape. Brexit has allowed the UK to break away…