Data Management Insight Regulatory Compliance The latest content from across the platform
SymphonyAI Extends Financial Crime Data Solution
Artificial intelligence-powered software-as-a-service provide SymphonyAI has expanded its financial services offerings with a product to help organisations overcome entity data shortcomings that could enable financial crime. The Palo Alto, California-based company said its Entity Resolution service enables clients to solve issues such as records duplication, poor data quality and data fragmentation. The company, which focuses…
Citigroup Fine Shows Importance of Having Robust Data Setup
The US$136 million fine meted out to Citigroup for data irregularities dating back to 2020 should serve as a warning to all financial institutions that robust data management is essential to avoid sanctions amid tougher regulatory regimes. The Federal Reserve and Office of the Comptroller of the Currency (OCC) jointly imposed the penalty on the…
Data Warning After UK Signals New Law Covering AI Use
Financial institutions operating in the UK must begin ensuring the integrity of their data estates after the newly elected government signalled plans to forge a potentially far-reaching AI bill. Leaders of two large data management companies said that any new technology law could usher powers of intervention if AI models and processes are seen as…
Webinar Review: Harnessing the Wider Benefits of Data Identifiers
Almost three-quarters of capital markets participants are utilising data standards and identifiers beyond their immediate regulatory use cases, realising the huge benefits that ordered and consistent datasets can bring to an enterprise’s entire operations. The findings of an A-Team Group Data Management Insight poll showed that 40% of respondents said they are using the resources to a…
Meeting New Capital Markets Challenges: Gresham and Alveo Leaders Discuss Merger and Future Plans
The merger of Gresham Technologies and Alveo, which was announced last week, was born of a desire by each company to scale their capabilities to meet growing international demand from financial institutions at a time of increased focus on data management. The venture saw Gresham Technologies delist from the public market to create the new…
Recorded Webinar: How to maximise the use of data standards and identifiers beyond compliance and in the interests of the business
Data standards and identifiers have become common currency in regulatory compliance, bringing with them improved transparency, efficiency and data quality in reporting. They also contribute to automation. But their value does not end here, with data standards and identifiers being used increasingly for the benefit of the business. This webinar will survey the landscape of…
DMI Webinar Preview: How to Maximise the use of Data Standards and Identifiers Beyond Compliance and in the Interests of the Business
Data must be consistent, accurate and interoperable to ensure financial institutions can use it in their investment, risk, regulatory compliance and other processes. Without those attributes, they won’t achieve the efficiencies, surface the insights, action decisions or realise the many other benefits of digitalisation. Identifiers and standards ensure those attributes can be met. The challenge…
Duco Unveils AI-Powered Reconciliation Product for Unstructured Data
Duco, a data management automation specialist and recent A-Team Group RegTech Insight Awards winner, has launched an artificial intelligence-powered end-to-end reconciliation capability for unstructured data. The Adaptive Intelligent Document Processing product will enable financial institutions to automate the extraction of unstructured data for ingestion into their systems. The London-based company said this will let market…
Building Future Growth Around a Foundational Data Core: SIX’s Marion Leslie
There’s a neat symmetry in speaking to Marion Leslie, head of financial information at SIX after one of the busiest six months in the company’s recent history. SIX, a global data aggregator and operator of exchanges in its native Switzerland, as well as in Spain, has released a flurry of new data products since January,…
AI Startup BlueFlame Raises $5m for Alternative Markets Data Platform
BlueFlame AI, a start-up that harnesses artificial intelligence to help alternative market participants streamline their operational, regulatory and clerical processes, has raised US$5 million in a Series A funding round. The cash injection, which will be used to further develop BlueFlame’s AI platform, raises the company’s value to $50m, the New York- and London-based company…