RegTech Insight Compliance 2.0 The latest content from across the platform

Global Benchmarking Survey by EDM Council and Headstrong Reinforces Importance of EDM for Regulatory Compliance

The Enterprise Data Management (EDM) Council and Headstrong, an IT consulting company for financial services, today announced results of their 2010 industry benchmarking survey on the current state of data management among global financial institutions. Sponsored by Headstrong and with analysis completed by the EDM Council, the survey demonstrates the rising importance of EDM as…

Accuity Introduces Chinese Language Functionality for Online Compliance

Accuity, a provider of global payment routing data, AML screening software, and services, today unveiled Chinese language functionality for its web-based look-up tool, Online Compliance, powered by WorldCompliance. A versatile component of Accuity’s Compliance Solutions, Online Compliance allows users to identify and research sanctioned entities, Politically Exposed Persons (PEPs) and other high-risk individuals and organisations….

Expanding Global Identifiers in Complex Assets and Other Areas

In the post-credit crisis financial services industry, risk management, compliance and transparency have emerged as focus points for review with provision of accurate and timely data recognised as a critical element of success. Fundamental to data provision is the accurate identification of both financial instruments and counterparties – without which you cannot truly measure your…

EXL and Datanomic Partner to Provide Best in Class Compliance Solutions and Services

ExlService Holdings, a provider of outsourcing and transformation services, and compliance and data management solutions specialist, Datanomic, have combined their complementary capabilities to deliver exceptional compliance solutions and services for joint clients around the globe. This partnership offers customers a new end-to-end service to configure, implement and operationalise compliance screening with execution support at a…

Reval Forms Risk and Compliance Board Committee, Hires Chief Compliance Officer

Reval, a global derivative risk management and hedge accounting solutions provider that has been managing post-trade over-the-counter (OTC) derivative contracts in its single version software-as-a-service (SaaS) platform for over a decade, announced today that it has formed a board-level risk and compliance committee and has hired a chief compliance officer in advance of its registration…

Two Weeks Until Firms Need to Supply Their Pre-implementation Reports to the UK FSCS for SCV Compliance

The UK Financial Services Authority (FSA) has been doing its level best this year to make the industry aware of the new customer data requirements as part of the incoming Financial Services Compensation Scheme (FSCS) Single Customer View (SCV) reforms, but time is running out. Firms have the next two weeks in which to pull…

SEC Seeking Market Feedback on XBRL Compliance Challenges

As part of its wider push to extend XBRL into other areas such as the tagging of source documents for mortgage backed securities (MBS) and corporate actions (see here and here), the Securities and Exchange Commission (SEC) is currently taking stock of the challenges faced by the industry during XBRL implementation thus far. To this…

UK FSA Sends Out “Dear Compliance Officer” Letter for SCV Reforms, Data Testing on its Way

In line with its recent more aggressive approach to ensuring the market complies with its demands (see another recent example here), the UK Financial Services Authority (FSA) has this month sent out a letter to compliance officers about the upcoming single customer view (SCV) reforms. According to the regulator, the letter is aimed at providing…

Sallie Mae and Société Générale Select SailPoint for Identity Governance and Compliance

SailPoint today announced that Sallie Mae and Société Générale have chosen SailPoint IdentityIQ to automate and streamline their identity related compliance processes. SailPoint IdentityIQ, an identity governance solution, helps corporations of all sizes keep track of who has access to critical applications, data and IT systems while greatly reducing audit and compliance costs. A comprehensive…

EMC to Acquire Archer Technologies, Provider of IT Governance Risk and Compliance Software

EMC Corporation today announced that it has signed a definitive agreement to acquire Kansas-based Archer Technologies, a privately held provider of governance, risk and compliance (GRC) software. The acquisition will build upon EMC’s expertise and leadership in helping customers better visualise and manage risk throughout their IT infrastructure. EMC’s acquisition of Archer is expected to…