RegTech Insight Compliance 2.0 The latest content from across the platform

Capital Markets AML Gaps Need Plugging with RegTech, Says FCA

There are significant gaps in anti-money laundering (AML) defences within capital markets, according to a recent UK Financial Conduct Authority (FCA) thematic review, ‘Understanding the Money Laundering Risks in the Capital Markets’. Many of the issues raised by the regulator either relate to the way financial crime technology is deployed within capital markets, or how…

Regulators Double Down on BCBS 239 Data Quality Focus

The European Central Bank (ECB) and other financial services regulators will increase their focus on improving the quality of data they receive from financial institutions over the next 24 months. Speakers at the Vermeg Annual Regulatory Reporting Conference, held in London in late June, said regulators are analysing the quality of the Basel III data…

Technology Overtakes Regulation as Key Driver of Change in Compliance

Compliance and the role of the compliance officer has changed significantly over the past decade as a result of escalating regulation, technology development, an increasing focus on culture and conduct risk, and the ever closer relationship between compliance and the business. Automation has also come to the fore as compliance departments working with rising volumes…

Digital Reasoning Releases AI-Enabled Voice Analytics and Partnership with Corlytics

After four years of research and development, Nashville-based Digital Reasoning has released an AI-enabled voice analytics solution for financial services communications monitoring. It has also announced a partnership with regulatory risk tech company, Corlytics, to deliver one of the highest volumes of pre-trained models for monitoring available to the financial sector, according to the companies….

Clausematch Uses AI to Take Compliance Deeper

Clausematch, a UK-based RegTech, is on a mission. The company wants to unleash the unstructured data found within compliance processes to help create a more connected approach to shaping organisational culture within financial firms. According to founder and CEO Evgeny Likhoded, Clausematch technology helps banks implement and manage internal policies procedures, as well as demonstrate…

KRM22 Opens Wallet to Create Risk and Compliance Ecosystem

KRM22 is looking to make one acquisition or partnership per month, in a bid to build an ecosystem of risk and compliance software solutions available through a single, cloud-based platform. RegTech Insight spoke to Keith Todd, CEO at the company, shortly after it announced its acquisition of Object+, a Netherlands-based risk management and post-trade services…

Effective Surveillance Can Only be Achieved with Communications Coupled with Market Data Analysis

By Ofir Shabtai, CTO and Co-Founder of Shield FC. Whilst enterprise software applications have proven effective at flagging up possible noncompliance events, once an exchange is flagged, it is largely down to the compliance team to follow through with the necessary investigation directly. With the considerable challenges of monitoring modern data-driven financial markets, it’s essential…

Red Box Partners Theta Lake to Detect Voice Compliance Risks

Red Box, a voice specialist, has partnered Theta Lake, a provider of compliance artificial intelligence (AI) for video, voice, and unified digital communication. The partnership allows Red Box customers to use Theta’s purpose-built AI and deep learning powered software to automatically detect compliance risks in their recordings and reduce the cost and complexity of managing…

A-Team Group Announces Winners for 2019 RegTech Insight Awards

A-Team Group on Friday announced the winners of its prestigious RegTech Insight Awards during a well-attended and energetic ceremony held at Banking Hall on London’s Cornhill. The awards, now in their third year, recognise excellence and innovation in the provision of technology solutions to meet regulatory requirements within the financial services industry, and are uniquely…

IBM Partners with Thomson Reuters on New AI/Data Combination to Simplify Regulatory Compliance

IBM (through Watson Financial Services) and Thomson Reuters Regulatory Intelligence on Wednesday announced a joint collaboration to help banks address ever-growing regulatory requirements through a new combination of AI and real-time regulatory insights. Financial institutions are faced with hundreds of regulatory alerts daily, with an estimated 300 million new regulations on the way by 2020….