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Arachnys Adds Cloud-Native Version of Customer Risk Intelligence Platform
Arachnys, a provider of customer risk intelligence solutions for client onboarding, Know Your Customer (KYC), customer due diligence (CDD), enhanced due diligence (EDD), and Anti-Money Laundering (AML), has introduced a cloud-native version of its platform. The capabilities of the platform address changing market dynamics that are leading financial institutions to focus on five initiatives: real-time…
Derivatives Service Bureau Names Members of Expanded Product Committee
The Derivatives Service Bureau (DSB), which issues ISINs for OTC derivatives, has announced the members that will join an expanded product committee from January 8, 2019. It has also named five trade associations that will join as non-voting members, and transitioned the role of chair from the DSB to two external co-chairs from industry with…
Main Capital Buys Stake in German RegTech Start-up cleversoft
Main Capital Partners, an investment manager focused solely on the software industry in Benelux, Germany and Scandinavia, has acquired a stake in Munich-based regtech software-as-a-service specialist cleversoft for an undisclosed sum. Founded in 2004, cleversoft provides cloud-based regulatory reporting services for regulatory regimes including PRIIPs, MiFID II, PIB, FIDLEG and AML, underpinned by lifecycle management…
German RegTech Start-up Alyne Raises €3 million in Seed Funding
Munich-based regtech start-up Alyne has raised €3 million in Series A financing in a round led by Alstin Capital and Hannover Digital Investments. The investment brings Alyne’s total funding to €4.2 million since launching its next generation regtech solution in early 2016. Alyne’s software-as-a-service product, the Governance Risk Compliance (GRC) platform, provides a curated and…
The Potential and Promise of AI and Machine Learning in Regtech
After engaging in Peter Moss’s exciting keynote speech, “Garbage in, Garbage Out—Why Regtech is Only Half the Answer” (listen to the Podcast here), discussing the crucial importance of data as a foundation for regulatory compliance, the audience at the recent RegTech Summit New York on November 15, 2018 prepared themselves for a leap into an…
Getting Ready for the Consolidated Audit Trail
One of the most detailed discussions of the recent A-Team Group RegTech Summit in New York centred around the arduous ongoing journey towards implementation of the long-delayed Consolidated Audit Trail (CAT). Approved by the US Securities and Exchange Commission two years ago to the day (November 15, 2016), the CAT aims to create a single…
Panelists Agree that Regulatory Ambiguity Hampers Regulatory Reporting Efficiency
In a panel moderated by Robin Doyle, Managing Director of the Office of Regulatory Affairs at J.P. Morgan, regtech practitioners discussed potential solutions for regulatory reporting efficiency—and the challenges surrounding them. Doyle addressed some of these challenges when she kicked off the panel, citing the lack of consistency in the manner in which data is…
Recorded Webinar: How to find common ground for data management across multiple regulations
We’ve asked over many years how financial institutions can find common ground for data management processes to meet the requirements of multiple regulations, such as MiFID II, MiFIR, EMIR, MAR and BCBS 239. While this is a goal most firms have aspired to, the reality of pressing deadlines for regulation after regulation meant firms had…
BearingPoint Partners with IBM for Regulatory Reporting
Management and technology consultancy BearingPoint last week confirmed a new regulatory reporting partnership with IBM Services. The joint venture will allow financial institutions to outsource their regulatory reporting processes, and covers both the business processes and technical operation as well as software maintenance and further development. The offering will target small to medium-sized clients, who…
SteelEye Wins £5.7 million Seed Funding
Compliance technology and data analytics firm SteelEye this week confirmed the successful close of a £2.9 million fundraising extension led by fintech-focused venture capital firm Illuminate Financial, bringing the total seed funding raised to £5.7 million. SteelEye offers cloud-based solutions to assist clients with MiFID II, MAR, EMIR, Dodd Frank and other international regulatory compliance…