A-Team Insight Knowledge Hub RTI The latest content from across the platform
Making the Case for Ongoing KYC: Why the Time for Change is Now
By John O’Neill, senior vice president, Silent Eight. If you work in financial services then you’re already aware that knowing your customer (KYC) is not just an essential process, it is also a legal requirement. It’s part of the essential tasks banks perform to tackle anti-money laundering (AML) and other financial crimes. Back in June…
Are You Ready for the RegTech Summit Virtual 2020?
Hope might be in sight with the advent of an effective new vaccine, but the global pandemic has changed the way we work forever, and it is becoming increasingly clear that the business environment will be irrevocably changed by the 2020 experience. Remote engagement has become more important than ever, and agility and versatility have…
RIMES Strengthens BMR Push with EBR Acquisition
RIMES Technologies Corporation (RIMES) has acquired London-based EBR Analytics (EBR), a Benchmarks Regulation (BMR)-focused RegTech company, adding the EBR solution to its own BMR compliance suite, RIMES RegFocus BMR. Following the transaction, the EBR brand will fold into RIMES, with the EBR team joining the company under RIMES’ leadership. There is a natural synergy between the two…
Singapore Offers Grants to Support RegTech Uptake
The Monetary Authority of Singapore (MAS) has launched a $26m Productivity Solutions Grant (PSG) designed to help smaller financial services firms adopt technology aimed at streamlining their regulatory data reporting. Although currently only available to banks, the regulator hopes to expand the program to insurers and capital markets intermediaries. The funding will be used to…
BearingPoint Sells RegTech Business to Nordic Capital
Tech consultancy BearingPoint has confirmed the sale of its independent RegTech business unit to Nordic Capital, a private equity investor with a strong track record of developing technology companies and enabling and driving global growth. The sale does not come as a complete surprise – RegTech has been working to develop its autonomy within BearingPoint…
RegTech Suppliers Guide 2020/2021
Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a…
Challenger Bank Allica Selects London Start-Up Sphonic for Financial Crime Compliance
Allica Bank, a digital challenger bank first launched in 2020 to focus on small businesses underserved by mainstream institutions, has selected a financial crime product suite from London-based Regtech firm Sphonic’s to support its compliance function. Sphonic, first formed in 2012 with the creation of its core product Workflow Manager (WFM), acts as a Data…
Why the Reality of Third-Country Regulatory Reporting is About to Bite!
By Volker Lainer, Vice-President of Product Management at GoldenSource. Just two months until the end of the transition period, ESMA’s latest report brings home the stark reality of what third-country status means for UK financial institutions from a regulatory reporting perspective. Regardless of whether or not a trade agreement between the EU and the UK…
SteelEye Joins Forces with Refinitiv on RegTech Suite
SteelEye, the compliance technology and data analytics firm, has incorporated Refinitiv market data on its RegTech platform in a bid to help its clients enhance their compliance and analytics capabilities. Refinitiv provides one of the widest ranges of cross-asset data available, with 7.3 million price updates per second for over 84 million instruments and 2.5…
The Next CAT Deadline is Here – And the Error Rate is High
The interfirm linkage for the Equities Phase 2a of the Consolidated Audit Trail (CAT) went live in the US today (October 26), with firms now required to validate transaction linkages between them to ensure orders are routed correctly. One of the most important milestones of the entire CAT journey, the interfirm linkage requirements are nevertheless…