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Fenergo Said to Be Mulling IPO as Rumours of Sale Swirl
Following the success of VC stablemate NCino’s $250 million IPO back in June, rumours are swirling that Dublin-based client lifecycle management specialist Fenergo may be contemplating a significant corporate event, with possibilities ranging from an IPO of its own to a trade sale of the company. While sources close to the company are hinting that…
LIBOR is Ending – But Most Firms Aren’t Ready, Finds Numerix
The decommission of LIBOR is making a huge imprint on the global financial services sector. The transition from LIBOR to alternative reference rates could be the largest financial engineering project the world has ever seen. So what are financial institutions are doing to prepare for the switch to alternative reference rates, and how far along…
CSS’s Amfine Purchase Completes End-to-End Reporting Capability
New York-based Compliance Solutions Strategies’ (CSS) acquisition of Amfine, a European provider of SaaS-based reporting for investment managers, fills a gap in the firm’s regulatory reporting solution lineup and allows it for the first time to offer end-to-end compliance for fund managers and insurers. With the all-cash acquisition complete – terms weren’t disclosed – the…
Recorded Webinar: How Financial Institutions can adjust to working in the New Normal
The very sudden impact of Covid-19 and resultant shutdown of physical sites has stress-tested financial institutions and vendors to their limits. Now banks and firms are slowly starting to re-open offices. But what will the new normal look like and what steps should you be taking now to make the most of this situation? This…
ACA Compliance Pushes Ahead with Ambitious Expansion Plans
ACA Compliance Group (ACA), a provider of governance, risk, and compliance (GRC) advisory services and technology solutions, last month successfully secured $40 million in new funding from its existing investor group, led by Starr Investment Holdings (SIH), which acquired a controlling interest in ACA in 2018. The influx of cash looks likely to push ACA’s…
SmartStream Adds MiFID II Derivatives Component Ahead of September Deadline
SmartStream Technologies, the financial Reference Data Utility (RDU) solutions provider, has added derivatives to its Systematic Internaliser (SI) Registry service, to help clients meet the rapidly approaching MiFID II deadline of 15 September, 2020. The new service will allow trading counterparties to identify who is responsible for reporting trades in general, but also supports them through one of the most…
LPA Group Acquires RegTech Acarda
Capital markets technology specialist the LPA Group has acquired the Acarda Group, a provider of RegTech solutions for asset managers, fund administrators, insurance companies and banks focusing on the automation of regulatory reporting and automated data management. The accretive, add-on acquisition was preceded by a successful collaboration and test phase starting in April 2020. Acarda’s…
ComplyAdvantage Partners with sync. On Financial Crime Compliance
Screening specialist ComplyAdvantage has won a new mandate with fast-growing digital banking app sync. to improve the latter’s AML and anti-fraud capabilities using the RegTech’s AI-driven platform. The partnership will allow the open banking app to run its compliance and risk management processes more smoothly, and to better monitor its customers’ activity; while the relationship…
Big Data Technology for Regulatory Reporting Is Getting Lots of Publicity: It Might Have Real Star Quality
By Vlad Etkin, CTO, AxiomSL. It has only been a few years since the concept of big data was first heard in association with regulatory reporting, and while there are still questions about what it really is and its applicability to regulatory reporting, it’s obviously here to stay. However, as with all new concepts, it…
SteelEye Seeks to Automate Compliance with Auto-Trade Reconstruction Technology
Compliance technology and data analytics firm SteelEye made a splash last week with the launch of its new Auto-Trade Reconstruction technology, which reduces the time it takes for a firm to reconstruct a trade from days to seconds. Under MiFID II, MAR, Dodd-Frank and other global regulations, authorised firms can be asked by the regulator at…