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ESMA Approves DTCC as SFTR Trade Repository
DTCC’s Global Trade Repository (GTR) service is now approved for SFT reporting after an announcement last week by ESMA extended registration approval to four new trade repositories including the DTCC Derivatives Repository, along with the LSE’s UnaVista TRADEcho, Krajowy Depozyt Papierów Warto?ciowych, and REGIS-TR. The SFT will be offered out of DTCC’s European trade repository,…
IHS Markit Swallows Catena Technologies
Global information and analytics giant IHS Markit has acquired Singapore-based Catena Technologies, a regulatory trade reporting provider, in a bid to boost its regulatory compliance offering worldwide. Founded in 2002 as a FinTech consultancy and transformed to become a software-as-a-service (SaaS) provider of trade reporting solutions in 2014. Its flagship TRACE Reporting platform automates and…
ASC Technologies Launches Compliance Recording Function for Microsoft Teams
Germany’s ASC Technologies, a global solutions provider for multi-channel recording and analytics, this week launched a new compliance recording solution for Microsoft Teams, as software providers scramble to adapt and appeal to the world’s new way of remote working. ASC Recording Insights is a native app that records and archives the entire compliance-relevant internal and…
Kompli-Global and ComplyAdvantage Partner on Financial Crime
ComplyAdvantage has become the latest provider to add to the Kompli-QED remote corporate onboarding platform, in a strategic partnership between the two firms to fight financial crime and money laundering. Kompli-QED is a remote onboarding platform that combines proprietary solutions with best-in-class third party offerings. “ComplyAdvantage significantly enhances the platform with real-time sactions and PEP…
Accenture Acquires NIKE Group in RegTech Push
Accenture has successfully acquired NIKE Group, an Italian consulting firm that provides RegTech services and solutions to financial services firms, in a deal first announced on 14 April. NIKE Group’s data-driven approach and compliance platform help clients monitor new regulatory requirements and assist with compliance. The NIKE Group team will join Accenture’s Italian Financial Services practice. Financial…
Saudi G20 Presidency and BIS Launch RegTech Innovation Hub
The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub have launched the G20 TechSprint Initiative to highlight the potential for new technologies to resolve regulatory compliance (RegTech) and supervision (SupTech) challenges. The problem statements identify challenges in regulatory reporting, analytics, and monitoring and supervision, and have been developed from submissions received from Financial Stability…
FCA Warns Firms on LIBOR Transition
The FCA has doubled down on its plans to phase out LIBOR by the end of 2021, warning in a 29 April statement that “it remains the central assumption that firms cannot rely on LIBOR being published after the end of 2021.” Although the regulator recognises the challenges presented by the current operating environment under…
DASH Enters the Cloud with Regulatory Compliance Suite
DASH Regulatory Technologies – the RegTech-focused affiliate of capital markets technology and execution services provider DASH Financial Technologies – has expanded its cloud offering with the launch of DASH 360R, the next generation of its LDB platform for US regulatory capital calculation and reporting compliance. In the US, broker-dealers are required by the SEC and FINRA to maintain specified…
Relief Over SFTR Alignment Following Treasury Statement
The UK Treasury released a statement last week confirming plans to align post-Brexit legislation with the EU’s Securities Financing Transactions Regulation (SFTR), the first phase reporting requirements of which are due to come into force in July, 2020 (delayed from the original 13 April deadline to to COVID-19 pressures). The regulation requires firms to report…
FATF Echoes SmartSearch in Call for Digital Onboarding
The Financial Action Task Force (FATF), a multinational body that sets a global approach to fighting money laundering and financial crime, has backed a call by UK-based anti-money laundering software specialist SmartSearch urging businesses to employ digital customer onboarding processes during the coronavirus lockdown. SmartSearch stresses that firms relying “outdated paper-based ID checks” should switch…