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IHS Markit and AcadiaSoft Offer Compliance with Incoming Initial Margin Rules

IHS Markit and AcadiaSoft have responded to ongoing extension of initial margin rules for non-cleared derivatives through an alliance that brings together the former’s information and analytics capabilities, and the latter’s specialism in margin automation solutions. The initial margin requirement for non-cleared derivatives was introduced in 2016, with increasing numbers of entities required to meet…

Three Ways Artificial Intelligence Improves Compliance

By: Shira Rottner, Business Development Manager, Shield FC Artificial Intelligence (AI) is carving out a growing niche in regulatory compliance because AI and Machine Learning (ML) applications address common challenges and systematic issues that compliance officers face every day. Enterprise software applications that integrate AI can increase the efficiency and effectiveness of regulatory compliance programs…

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…

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….

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…

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…

Entity Data Management Handbook – Fourth Edition

Welcome to the fourth edition of A-Team Group’s Entity Data Management Handbook sponsored by entity data specialist Bureau van Dijk, a Moody’s Analytics company. As entity data takes a central role in business strategies dedicated to making the customer experience markedly better, this handbook delves into the detail of everything you need to do to…

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…

ESMA Issues Latest Double Volume Cap Data for MiFID II

The European Securities and Markets Authority (ESMA) has updated its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II). The December updates include DVC data and calculations for the period of November 1, 2017 to October 31, 2018 as well as updates to…