RegTech Insight Compliance 2.0 The latest content from across the platform

US Banks Unprepared for California Consumer Privacy Act – What Can They Do?

By Edel Brophy, Global Regulatory Manager, Fenergo. Keeping up with compliance regulations across multiple jurisdictions can be tricky for financial institutions. Hugely ambitious, the ratification of the state law the California Consumer Privacy Act (CCPA) is one of the toughest challenges they’ve faced. With just one month to go, it’s therefore concerning that one third…

Saxo Bank Japan Migrates from Legacy Ledger to Torstone Cloud Solution

Saxo Bank Japan is replacing its legal ledger legacy system with Torstone Technology’s Inferno cloud-based solution and has gone live with the first phase of migration. The bank is making the replacement to support regulatory reporting on the cloud for existing and new equity business. Using Inferno, Saxo Bank Japan is able to reduce operational…

Financial Stability Board Publishes 2019 G-SIB List

The Financial Stability Board (FSB) has published the 2019 list of global systemically important banks (G-SIBs) using end-2018 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS). One bank, Toronto Dominion, has been added to the list of G-SIBs that were identified in 2018, increasing the overall number from 29…

FCA Updates Handbook Website Using Governor Software

Governor Reg: FCA, a live version of the FCA Handbook allowing UK regulated financial institutions to map, track and report regulatory compliance, was today integrated into the FCA Handbook website to enhance overall user experience, improve navigation and provide .csv downloads of relevant items. To further help UK regulated firms to stay compliant, the firm…

A-Team RegTech Summit Emphasises Urgency of Efficient, Enterprise-Wide Compliance

A-Team Group’s RegTech Summit made a triumphant return to a full house in New York last Thursday, with an excellent turnout of over 230 practitioners, regulators, start-ups and solution providers all keen to explore how the financial services industry can best leverage technology to drive innovation, cut costs and support regulatory change. Colin Ware, Global…

TruNarrative Expands to US with New Offices in Atlanta

Financial crime and compliance management platform TruNarrative has expanded into the North American market with new US headquarters in Atlanta, Georgia. The UK-based firm was founded in 2016 and provides a no-code platform connecting multiple identity verification, fraud detection, eKYC, and AML compliance data providers via a single API. “Launching our platform across European markets…

Silent Eight Wins Funding From SC Ventures

AI-powered anti-money laundering start-up Silent Eight has raised $6.2 million in Series A funding from a group of investors including SC Ventures, the fintech and ventures unit of Standard Chartered Bank. Other investors included OTB Ventures and Wavemaker Partners. Standard Chartered is the largest client of Silent Eight, and has implemented the firm’s sanctions screening…

Evidology Systems Breaks the Mould with New Argument-Based Compliance Approach

Rupert Brown, CTO of Evidology Systems, thinks that the industry is in trouble. With a lack of inspiration and a mountain of documentation, financial services firms are failing to handle their evolving regulatory requirements in an efficient manner – and compliance checks form a crucial part of that transition. “We stopped innovating in 2008,” he…