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Gresham Technologies Extends Presence in Sub-Saharan Africa
Gresham Technologies has signed consultancy Data-Xchange Technologies as a distribution partner for its Clareti software platform in Sub-Saharan Africa. The platform addresses financial control, risk management, data governance and regulatory compliance. Data-Xchange provides process automation services for financial services firms, enabling clients to manage operational risk, compliance and control challenges. Data-Xchange’s Ross Thompson says: “This…
J.P. Morgan Steps Forward as First Validation Agent in Global LEI System
J.P. Morgan has become the first validation agent in the Global LEI System, signalling early interest in the scheme as a means of improving client onboarding and Know Your Customer (KYC) . The validation agent framework was introduced by GLEIF in September 2020 and is designed to help financial institutions improve customer experience, accelerate client…
Making the Case for Ongoing KYC: Why the Time for Change is Now
By John O’Neill, senior vice president, Silent Eight. If you work in financial services then you’re already aware that knowing your customer (KYC) is not just an essential process, it is also a legal requirement. It’s part of the essential tasks banks perform to tackle anti-money laundering (AML) and other financial crimes. Back in June…
The UK Regulatory Regime after Brexit – What Comes Next?
By Martin Lovick, Director, and Bobby Johal, Managing Director, ACA Compliance Group. A regime in transition Investment managers are – quite rightly – focusing near-term on the cliff-edge nature of the UK/EU negotiations on future trade arrangements. Their contingency planning will have already considered the likely loss of passporting rights for UK firms exporting their…
FSB Consults on Outsourcing and Third-party Relationships
The Financial Stability Board (FSB) has published a discussion paper for public consultation on Regulatory and Supervisory Issues Relating to Outsourcing and Third-Party Relationships. Coverage includes the financial sector’s response to COVID-19, which highlighted benefits and challenges of managing the risks of financial institutions’ interactions with third parties, and common concerns about the possibility of…
DTCC Details Lessons Learnt and Best Practice Approaches Resulting from its Cloud Adoption Journey
DTCC has highlighted the challenges and opportunities of its cloud adoption journey in a white paper published today and designed to help financial institutions take best practice approaches to cloud implementation. The paper, Cloud Technology: Powerful and Evolving, is authored by the company and recognises financial firms’ ongoing move to the cloud in search of…
Join Next Week’s RegTech Summit Virtual to Discuss Regulation Post-Covid, the Brexit Regime and Ongoing Challenges of KYC and AML
The coronavirus pandemic has changed the way we work and it is becoming increasingly clear that the business environment will be irrevocably changed by the 2020 experience. Remote engagement has become more important than ever, and agility and versatility have become valuable characteristics in this new normal. At the same time, regulatory oversight is becoming…
Recorded Webinar: Data Standards – progress and case studies
Global data standards and identifiers are essential to business growth, market stability and cost reduction – but they can be challenging to implement, while a lack of consistency across jurisdictions has presented obstacles to global take-up. However, with regulators starting to sit up and take note, the issue of data standards is coming increasingly to…
How to Combine Data Science and Analytics to Drive Business Value Out of Data
Data science and analytics are critical to driving value out of data, delivering business insight at speed, and gaining competitive advantage. With so much at stake, financial institutions need a strategy that puts data scientists in business units, identifies appropriate technologies and tools, and scales solutions beyond proofs of concept. This week’s A-Team Group webinar…
Data Standards Can Be a Challenge, But Also an Opportunity
Data standards are crucial to interoperability across capital markets, can be challenging to implement, and are constantly evolving. Against this backdrop, how can market participants implement and make best use of existing and forthcoming data standards? And how are regulators approaching standardisation? Next week’s A-Team Group webinar, Data Standards – Progress and Case Studies, will…