A-Team Insight Knowledge Hub RTI The latest content from across the platform
Using Artificial Intelligence to Know Your Customers, not your Criminals
By Hugo Chamberlain, smartKYC. How can just searching for ‘adverse media’ on your customer mean you are getting to ‘know’ them at all? In this article we ask, are we really harnessing the full power of KYC technologies? With an abundance of mounting regulations, it is only natural that Know Your Customer screening has been…
Danish Regulator Reports Danske Bank for Market Abuse, Launches AML Enquiry
Denmark’s Financial Supervisory Authority (FSA) has reported the country’s largest lender, Danske Bank, for violating the prohibition on market manipulation. The regulator alleges that the bank facilitated “wash trades” (where the same entity both buys and sells securities) between 2016-19, as well as failing to properly monitor and report transactions. Danske’s chief compliance officer Philippe…
Crunch Time for RegTech Providers and FI Adopters
While the coronavirus pandemic has slowed the rate of innovation in capital markets, it has also highlighted a need for change that is expected to be driven by both the capabilities of RegTech providers and the acknowledgement by financial institutions that they must embrace innovation to resolve external client pain points and internal inefficiencies. These…
Quantifind and OpenCorporates Expand Partnership to Fight Financial Crime
Quantifind, a software company providing solutions that boost the effectiveness and efficiency of anti-money laundering (AML) and fraud investigations, has expanded its collaboration with OpenCorporates, the largest open database of companies in the world. Building on their existing partnership, Quantifind plans to integrate the complete OpenCorporates database of more than 180 million companies from over 130…
mBank Selects Wolters Kluwer’s OneSumX for Risk Management
mBank, Poland’s fourth largest banking group based on assets, has chosen Wolters Kluwer’s OneSumX for Risk Management as its risk software. The mobile digital bank operates across three markets in Poland, the Czech Republic and Slovakia. The bank will specifically use the Wolters Kluwer’s solution for Asset and Liability Management (ALM) as well as Market…
Recorded Webinar: Overcoming the Barriers to Implementing RegTech Solutions: The View from Either Side of the Fence
RegTech holds the promise of targeted, agile and often low-cost solutions to the real-world problems faced by financial institutions across the board. So why is it so difficult to get RegTech projects off the ground? RegTech solutions providers complain that it’s difficult to get access to decision-makers, and even when they do it’s tough to…
EU Launches Dedicated New Unit in Financial Crime Crackdown
The EU has set up a new division to fight an expected surge in financial crime and money laundering as a result of the coronavirus crisis, with a focus on the protection of public funding. The unit has been set up in response to the potential increase of financial and economic crime and the involvement…
Are You Ready for RegTech Virtual 2020?
We’ve only got a week to go, and our brand new and fully virtual RegTech Summit is fast approaching. One of the most innovative, exciting and engaging platforms we have ever worked on, we are delighted to bring you two days of unique, insightful and cutting edge content on the most pressing regulatory challenges of…
Nasdaq Ventures Invests in AML Specialist Caspian
Nasdaq Ventures, the investment arm of Nasdaq, has taken a minority stake in Caspian – a UK-based specialist in automated AML investigation technology and the winner of the RegTech Insight Award for ‘Best Regulatory Alert Management System’ 2020. With this additional funding, Caspian expects to accelerate its product expansion and scale of its automated platform, AML Investigator. Nasdaq’s market…
Wolters Kluwer Updates OneSumX, Signs ING in China
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has released an update for its OneSumX for Regulatory Reporting solution to allow clients to meet the Second-Generation People’s Bank of China Enterprise Credit Reference Submission, an update to the country’s credit reference system first launched in January 2020, which makes a broad range of changes to reporting and…