Editor’s pick
MiFID II: The True Cost of Research Unbundling – Part One
The implementation of MiFID II in 2018 catalysed a maelstrom of regulatory modifications for financial institutions. One of the biggest changes was the requirement to separate the cost of investment research and corporate access from the cost of trade execution – forcing providers to drastically alter their models in order to comply with the explicit...
Top Blogs
Shield FC Announces Cloud-Enablement of Compliance Platform
Specialist RegTech provider Shield Financial Compliance has launched the cloud-enablement of its compliance platform, which offers regulation compliance monitoring across a range of eComms channels covering the data lifecycle from capture and record keeping to analysis and investigation, utilising AI, NLP and Visualization capabilities. The new cloud deployment platform is designed to offer financial institutions...
KYC Global Launches World’s First Risk-Based Customer Screening Solution
KYC identification specialist KYC Global Technologies has launched a new batch screening tool for customer identification, which it claims to be the first in the world to offer a 3D risk-based approach. In addition to customising how the searching of a customer’s name and meta-data should be carried out according to the customer’s risk profile,...
MiFID II: The True Cost of Research Unbundling – Part One
The implementation of MiFID II in 2018 catalysed a maelstrom of regulatory modifications for financial institutions. One of the biggest changes was the requirement to separate the cost of investment research and corporate access from the cost of trade execution – forcing providers to drastically alter their models in order to comply with the explicit...
Latest briefs
RegTech Could be Worth $7.2bn by 2023
Spending on RegTech is forecast to climb to US$7.2 billion by 2023, from US$2.3 billion in 2018 – a CAGR of 25.4% during the forecast period 2018-23. The Asia Pacific region is expected to hold the highest potential, and will see the fastest growth over the five-year period. The compliance management solution segment is expected…
Shield FC Wins Deloitte RegTech Challenge
Shield Financial Compliance (Shield FC) has been named by Deloitte as one of the most innovative start-ups using artificial intelligence (AI) to solve regulatory challenges in the financial sector. Shield FC’s cross-regulation compliance platform provides a 360 view of all electronics communications and trades, making compliance more efficient and ROI driven. “As Deloitte, we are…
Theta Lake Raises $5m in Seed Funding
Theta Lake, an AI-based RegTech provider for video communication compliance based in California, has raised $5 million in its first round of Series A seed funding led by Neotribe Ventures and Firebolt Ventures. Theta Lake’s platform uses AI to help compliance teams more effectively scale their compliance risk detection and workflow for supervising communication on…
Brussels Issues Draft Guidelines for AI Regulation
In December 2018 the European Commission’s High Level Expert Group on Artificial Intelligence (AI HLEG) released its ‘Draft Ethics Guidelines for Trustworthy AI’, a working document for stakeholder engagement that cites AI as “one of the most transformative forces of our time.” The guidelines emphasise that “an ethical approach to AI is key to enable…
Australia Expands Accountability Regime
The recently-released report from Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry recommended that ‘BEAR’ (the Banking Executive Accountability Regime) should be expanded to all Australian Prudential Regulation Authority-regulated financial services institutions. Commissioner Kenneth Hayne called for a phased rollout of the regime, with the next step covering superannuation (pension)…
Revolut Agrees Partnership with Clausematch
UK digital bank Revolut has partnered with London-based RegTech firm ClauseMatch to streamline the management of its internal policies, controls and regulatory compliance. The partnership was confirmed after a trial period of several months where ClauseMatch assisted Revolut to map regulations to internal policies and identify potential automation of risk and compliance functions. In 2017…
Broadridge Acquires PivotData and Sol Hedge Regulatory Reporting Functions
Global fintech provider Broadridge Financial Solutions has acquired certain private fund regulatory reporting capabilities from New York-based PivotData, a data warehouse and compliance reporting solutions platform for the investment community, and its partner Sol Hedge. Broadridge will leverage their capabilities to help private fund asset managers meet their regulatory reporting requirements. “PivotData and Sol Hedge’s proprietary data transformation,…
Cube Joins MetLife Japan for RegTech Pilot
Global regulatory intelligence provider Cube has been selected by MetLife Insurance to take part in a regulatory intelligence and change management pilot project at its Asia innovation centre LumenLab, as part of its open innovation programme, Collab 4.0. The program invites six finalists (from around 140 applicants across 40 countries) to compete for a JPY10…
Broadridge Acquires to Extend Regulatory Reporting Offer
Broadridge Financial Solutions has extended its regulatory reporting offer for asset managers with the acquisition of certain private fund regulatory reporting capabilities from PivotData, a data warehouse and compliance reporting solutions platform for the investment community, and its partner Sol Hedge. PivotData and Sol Hedge’s proprietary data transformation, normalisation and load processes, as well as…
CubeLogic Adds CubeWatch Sentiment Analysis
CubeLogic has added CubeWatch sentiment analysis to its portfolio of business intelligence driven risk management, workflow and reporting solutions. CubeWatch monitors social media and other data sources, and automatically organises, filters, translates, scores and weights data collected to provide risk management practitioners with insight into market, geographical and climate related events in real time. The…
NICE Actimize Extends Financial Crime Capability
NICE Actimize has established a financial crime consulting and advisory practice and introduced a target operating model designed to pinpoint client objectives, create a technology roadmap and establish an enterprise operational plan. The consulting practice is working with clients to evaluate the people, process and technology aspects of financial crime programmes, identify inefficiencies and provide…
RegTech Market Worth $12.3bn by 2023, Says New Report
A new report from MarketsandMarkets suggests that the global regtech market could grow from USD 4.3 billion in 2018 to USD 12.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.5%. Key drivers include the increased cost of compliance, adoption of regulatory sandbox approach, and low entry barriers for Software-as-a-Service (SaaS)-based offerings….
BIG Offers Blockchain Course for Crypto Investigations
BIG Blockchain Intelligence Group (BIG), a Vancouver-based developer and provider of blockchain and cryptocurrency search, risk-scoring and data analytics tools and investigation services, claims to have launched the “world’s first” investigator-developed, eight-hour online certification course for cryptocurrency investigations. Originally created for US law enforcement officials, the course has been adapted for use by finance and…
New Hotscan360 Solution From Canada’s CGI
Anti-financial crime solutions provider CGI has launched CGI HotScan360, an enhanced version of its existing HotScan solution. CGI HotScan360 provides integrated, intelligent and real time anti-money laundering, customer due diligence and fraud detection capabilities. The platform uses a real-time risk engine to scan and score thousands of transactions per second utilising machine learning, advanced analytics…
Asian Development Bank Launches AML Scorecard
The Asian Development Bank (ADB) has launched a new scorecard designed to enhance regulatory efficacy to boost access to trade financing while enhancing efforts to combat financial crimes. The ADB Scorecard is informed by and complements the work of the Financial Action Task Force (FATF) and the Financial Stability Board (FSB). It is comprised of…
Latest people
Control Risks Makes Strategic Compliance Hire
Specialist risk consulting firm Control Risks has appointed John Lash as Principal in its Compliance, Forensics and Intelligence practice. Lash will be based in Washington DC and is an expert on cross-border M&A. His hire will assist Control Risks to manage global trade compliance capabilities at a time when its clients are facing evolving and…
BNP Paribas Seeks RegTech Lead
BNP Paribas is advertising for a RegTech consultant, based in Paris, to support its Corporate and Institutional Banking (CIB) division in all projects relating to the digital transformation of their activities, with a focus on the needs of the trading desks. The hire will join the CIB Consulting RegTech Team, which is developing to support…
NuBox Hires New CTO
Pablo Vittori has joined NuBox, the biggest provider of small business financial software-as-a-service (SaaS) in Latin America. Vittori will spearhead the firm’s next expansion phase, focusing on big data, artificial intelligence and machine learning. Before joining NUBOX, Pablo worked as a CTO On Demand, helping companies around Latin America reshape their digital teams, implement processes…
BearingPoint Seeks New Consultant
Global management and technology consulting firm BearingPoint, which offers RegTech solutions including SFTR and MiFID II reporting compliance, is looking for a new Junior RegTech Consultant to implement and advise on its financial services solution for supervisory and regulatory reporting solution, ABACUS.
Refinitiv Names Sherry Madera as Global Head of Industry and Government Affairs
Refinitiv has named Sherry Madera as global head of industry and government affairs with a view to enhancing its engagement across government, policy initiatives, industry trends and regulatory developments. Madera joins Refinitiv from the City of London Corporation and has over 20 years’ experience across both the public and private sectors, including corporate finance, banking,…
RegTek.Solutions Hires ex-IHS Markit Exec Chris Cornish to Strengthen SFTR team
RegTek.Solutions has hired Chris Cornish as a consultant business analyst based in London. He joins from IHS Markit where he was a senior business analyst and a Securities Financing Transaction Regulation (SFTR) specialist. He was previously at ICBC Standard Bank, where he worked on SFTR implementation. At RegTek.Solutions, Cornish will focus on Validate.Trade, a product…
Accuity Promotes David Wilson to Role of MD and CEO
Accuity has promoted David Wilson to the role of managing director and CEO with responsibility to deliver innovative solutions for payments, risk and compliance, develop strategic partnerships, and deliver high quality client service. He steps up to the role after 18 months as chief operating officer (COO) at the provider of financial crime compliance, payments…
Andreas Shneble Joins IDNow
Andreas Shneble has joined German KYC specialist IDNow as Head of Marketing. Based in Munich, IDNow combines AI, facial recognition and machine learning to deliver instant identity verification through its KYC platform, in compliance with EU-wide regulations. Schneble joins from Rocket Media House, an advisory firm he founded in 2016. He was previously Director of…
Alex Pavel Joins IHS Markit
Alex Pavel has joined IHS Markit as Sales Director. Based in London, Pavel has responsibility for growing the company’s risk and regulatory compliance business across Benelux (Belgium, the Netherlands and Luxembourg), the Middle East and Africa. Pavel was formerly with Thomson Reuters in Dubai, where he spent four years in enterprise sales. He holds an…
LSE Group Names Tom Dunlap as CDO of Information Services Division
London Stock Exchange Group (LSEG) has named Tom Dunlap as chief data officer (CDO) of its Information Services Division, which includes global index provider FTSE Russell. The role is new and gives Dunlap responsibility for developing and leading the division’s global data strategy, overseeing a global team across multiple sites, engaging with key global clients,…
Dale Richards Joins Zelig Associates as Senior Advisor
Zelig Associates, a boutique investment bank specialising in fintech, has named Dale Richards as senior advisor. Richards will be based in Toronto and support the team globally. Richards has over 30 years’ experience in fintech, data and analytics as a senior executive, investor and consultant. His appointment will strengthen Zelig’s global reach and domain expertise…
Featured
FEATURED WEBINAR
Recorded Webinar: Improved Client Onboarding to Enhance the Customer Experience and Digital Journey
Are you struggling with client onboarding and lifecycle management? Investing data management resources in onboarding and not achieving a commensurate return on investment? Worried about customer loyalty and competition? This webinar will address these issues and discuss how to enhance the customer experience and improve onboarding by getting your entity data management right, deploying digitalisation…
FEATURED EVENT
Breakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
FEATURED GUIDE
FRTB Special Report
FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.
Top White Papers
Getting eComms Surveillance Right
Demand for electronic communications (eComms) surveillance has risen in response to regulatory requirements and compliance needs to pinpoint problems such as market abuse without wasting time and resources reviewing false positives. Innovative technologies such as machine learning, natural language understanding (NLU) and other strands of artificial intelligence (AI) are improving financial services firms’ ability to...
Quantity vs. Quality: An Evolving Research Paradigm
A revolution is under way in how buy-side firms conceptualize value in the research they consume. However, sell-side houses may be behind the curve in recognizing this. Driving this change in perception among buy-side firms is the EU’s Markets in Financial Instruments Directive II (MiFID II). Under MiFID II, buy-side firms have to pay for...
Minimising Market Manipulation False Positives: The Trick is in the Data
The focus on market manipulation has probably never been higher. In the wake of the Financial Crisis of 2008, with its multiple market manipulation scandals, regulators have ratcheted up compliance requirements for firms. The media has also sharpened its focus – the cost of a controls failure in this area can be catastrophic in terms...
Events and webinars
RegTech Summit New York City
Now in its 3rd year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out more
RegTech Summit London
Now in its 3rd year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out more
Breakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
Find out moreTop Knowledge Hub picks
MiFID II
Markets in Financial Instruments Directive II (MiFID II) builds on the original MiFID of 2007 to improve the competitiveness of European markets by creating a single market for investment services and activities, and ensuring protection for investors in financial instruments. Read everything you need to know and get access to all related content.
Regulatory Reporting
Regulatory reporting comprises the submission of raw or formatted data as required by regulators to evaluate and track the financial and operational status of financial institutions and their compliance with required regulatory provisions. Find out all about it in our Knowledge Hub.
Market Abuse Regulation (MAR)
The Market Abuse Regulation (MAR) provides an EU-wide regulatory framework on market abuse, including measures to enhance the attractiveness of securities markets for capital-raising through the prohibition of practices such as insider dealing, unlawful disclosure of inside information and market manipulation. Find out more and access all our key resources here.
Awards
RegTech Insight Awards
The RegTech Insight Awards recognise the best of the best in the RegTech industry. Find out how to vote, enter or see the past winners.
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