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DTCC Replaces Benchmarks Service with ITP Data Analytics for Operational Performance
DTCC has updated its Institutional Trade Processing (ITP) service with ITP Data Analytics, a service including analytical tools that allow broker/dealers and investment managers to measure and compare their operational performance against counterparties, industry standards and peers. ITP Data Analytics replaces DTCC’s legacy Benchmarks service. It consumes underlying daily transaction activity from DTCC’s post-trade central…
Encompass Plans Global Growth Acceleration Following £25 Million Funding Round
Encompass, a provider of automated Know Your Customer (KYC) solutions, has completed a capital raise of £25 million. The funds will be used to accelerate global growth, particularly in the US where the company opened its first office in New York in October 2021, and in Europe where an office was recently opened in Amsterdam….
SmartStream Combines Air, RDU to Offer Comprehensive Transaction Reporting for MiFID II
SmartStream Technologies has combined its SmartStream RDU reference data utility with its SmartStream Air (Artificial Intelligence Reconciliations) solution to create a new offering that provides regulated entities with comprehensive reporting capabilities for MiFID II. The new solution – Transaction Reporting Reconciliation and Reporting Decision Control – aims to address regulators’ growing requirement for completeness and accuracy…
Recorded Webinar: How to optimise the business value of your data using agile data governance
Data governance is transforming from a risk management and compliance tool with limited and prescriptive controls, to a solution that can help you optimise the business value of your data. In this role, data governance must scale to manage rising volumes of data, more and different data types, and changing user requirements, while continuing to…
Derivatives Service Bureau Sets Timeline for 2022 OTC ISIN Consultation
The Derivatives Service Bureau (DSB) has set out the timeline for the 2022 industry consultation related to 2023 OTC ISIN and CFI service provision. The OTC ISIN consultation paper will be published on 29 April 2022, with industry being able to respond until 5pm UTC on 30 May 2022. The final results of the consultation…
Recorded Webinar: FRTB: What still needs to be done before the global deadline of January 2023?
While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away. For banks in scope of the regulation, the time to put necessary risk infrastructure and data…
Mining the Value of Data through Agile Data Governance
Agile data governance frameworks are presenting financial institutions with valuable new ways to use their data and respond swiftly to the changing demands placed upon it. They are also offering deeper insights into firms’ own operations, helping them to identify and eliminate emerging risks, shortening time to market and streamlining decision making. While the common…
Sanctions Against Russia Mean Screening is More Vital than Ever
By Collette Allen, Client Services Director, SmartSearch. Firms should take action to review their due diligence and sanctions screening procedures to avoid falling foul of extensive new and emerging sanctions against Russia. The wide-ranging sanctions imposed so far by Western nations include restrictions against individuals, entities and their subsidiaries, and the introduction of legislation to…
ANNA Plans Implementation of Revised ISO 6166 ISIN Standard in February 2023
The Association of National Numbering Agencies (ANNA) will implement the revised ISO 6166 International Securities Identification Number (ISIN) standard on 2 February 2023. The revised standard was published in February 2021 and is designed to bring additional clarity and transparency to the identification and reporting of trades through the use of international standards. Highlights of…
Bank of England and FCA Artificial Intelligence Public-Private Forum Publishes Final Report
The Bank of England and Financial Conduct Authority’s Artificial Intelligence Public-Private Forum (AIPPF), which was set up in October 2020 to share information and understand the practical challenges of using AI within financial services, has published its final report. The report focuses on three areas of potential risk in AI systems – data, model risk,…