A-Team Insight Knowledge Hub RTI The latest content from across the platform
Anglo-Gulf Trade Bank Chooses Fenergo for CLM Solution
The world’s first digital trade finance bank, Anglo-Gulf Trade Bank (AGTB), based in the UAE, has chosen Fenergo to deploy its CLM platform. Fenergo will enable AGTB to meet its strategic objective to disrupt the trade finance market with a cloud-based, digital-first and client-centric model leveraging emerging technologies such as data analytics and API connectivity….
FCA & FRC Remind Firms Of Extended Financial Information Timelines
The FCA and FRC have issued a statement reminding companies of the measures issued in 2020 that provide more time for the work necessary to ensure that published financial information continues to be of the quality that preparers and users of financial information expect. These include allowing listed companies an additional two months to publish their audited…
EBA Announces Timing for 2021 EU-wide Stress Test Exercise
The European Banking Authority (EBA) will launch its 2021 EU-wide stress test exercise with the publication of the macroeconomic scenarios on 29 January at 18:00 CET. The EBA expects to publish the results of the exercise by July 31, 2021.
Qomply and Bovill Team Up on Regulatory Audits
Qomply, a RegTech firm specializing in transactions reporting for MiFIR, SFTR and EMIR, has joined forces with global financial services regulatory consultancy Bovill to develop an end-to-end transaction reporting service for financial institutions. Powered by Qomply’s technology, Bovill will streamline its HealthCheck services to provide clients with immediate feedback on the accuracy and completeness of…
IFRS 9 Methodology and Model Management Post Pandemic
By Mahim Mehra, Senior Risk Advisor, and Yoon Sik Ma, VP, Product Manager, AxiomSL. Complying with the credit-risk analytics and credit- impairment requirements under International Financial Reporting Standard (IFRS) 9 has forced financial institutions to change how they organize, calculate, and examine their credit data. Organizations have had to reconcile data across risk, finance, and…
Coronavirus Impact Upends Company Data Disclosure
By Rosy Bitar, Head of Company Financials Data, and Brandon Emmerich, Technical Product Manager, at Bloomberg. Among Covid-19’s widespread effects, the virus has thrown a wrench into a vital process within the financial markets: the disclosure of company data that investors use to inform their positions and trades. The pandemic has altered publicly traded companies’…
A New Frontier of Regulation? Asia Takes the Lead
Asia has been home to wave of new initiatives in the RegTech space in recent years, and jurisdictions such as Hong Kong and Singapore are pushing hard to take the lead in the space as they seek to combat financial crime and gain a competitive advantage in the field. Last week, the Hong Kong Monetary…
Refinitiv Focuses the Financial Crime Fight Against War Criminals
Refinitiv is taking the financial crime fight to the source, partnering with investigative and policy team The Sentry to access open-source data on African war criminals for its World-Check dataset. Co-founded by George Clooney and a strategic partner of the Clooney Foundation for Justice, The Sentry uses open-source data collection, field research, and state-of-the-art network data…
Curve Partners with Passfort on New KYB Solution
Know Your Business (KYB) is one of the buzzwords in the AML space right now and we’re seeing increasing levels of activity as solutions providers seek to develop effective automated methods of assisting clients with their onboarding needs. This week heralds the newest of these partnerships, as card consolidation platform Curve signs up with CLM…
KBC Bank chooses Finastra for LIBOR transition
KBC Bank, a Belgium-based bank with operations across Europe, US and Asia Pacific, has chosen Finastra to help manage its transition through the upcoming interbank references rates changes. It has selected Fusion Loan IQ Alternate Reference Rates (ARR) module to manage new rates and to expand its lending business. The bank has also opted for…