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Recorded Webinar: The Data Management Challenges of Client Onboarding and KYC
A-Team Group recently held a webinar on the popular topic of The Data Management Challenges of Client Onboarding and KYC, discussing the data management challenges of client onboarding and KYC, and detailing new technology solutions that have the potential to automate and streamline onboarding and KYC processes. If you missed it, don’t worry! You can register…
Opinion – BCBS 239 Compliance: Slip Slidin’ Away?
By Jennifer L. Costley, Ph.D., Principal, Ashokan Advisors “Slip slidin’ away Slip slidin’ away You know the nearer your destination The more you’re slip slidin’ away…” – Paul Simon A couple of weeks ago, the Basel Committee on Banking Supervision (BCBS) issued their second annual progress report on the adoption of the Committee’s Principles for…
Alacra and Accuity Partner to Integrate Bankers Almanac with Alacra Compliance Enterprise
Accuity and Alacra have partnered to integrate data from Accuity’s Bankers Almanac with the Alacra Compliance Enterprise (ACE) workflow application. The partnership includes integration of Bankers Almanac’s Due Diligence Data File with ACE and is expected to increase the speed and efficiency of client onboarding. The partnership has been made in response to client requests…
Opinion – Tougher Stress Tests Bring Banks to an Impasse: Revolutionise or Fail
By Peter Ku, Senior Director of Global Financial Services, Informatica Just before Christmas, the results of the first stress testing exercise for the UK banking system were revealed. The test scenarios modelled a financial doomsday, in which the housing market crashes, unemployment spikes and inflation rises. The aim of the exercise was to determine which…
A-Team Webinar Offers Solutions to the Data Management Problems of FATCA
The US Foreign Account Tax Compliance Act (FATCA) raises significant data management challenges, but it is only one of a number of tax avoidance schemes that are emerging, making a strategic rather than tactical approach the best way to achieve compliance. The challenges of FATCA were discussed during a recent A-Team Group webinar entitled ‘How…
A-Team Webinar Discusses the Next Frontier of Customer Due Diligence
Customer onboarding processes are often complex and burdensome, leading to poor customer service despite significant investment and costly penalties resulting from non-compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These problems can damage financial firms’ customer relationships, reputations and ongoing business, but they are not insurmountable if collaborative technology approaches are embraced…
Recorded Webinar: How to Meet FATCA Requirements
A-Team Group recently held a webinar on the topic of How to Meet FATCA Requirements, discussing the data management challenges FATCA presents and suggests how firms can best meet the regulation’s requirements.
Silverfinch Allies with Fundsquare to Promote Adoption of Solvency II Look-Through Solution
Silverfinch, a business within the MoneyMate Group, has tied up with Fundsquare to push its Solvency II look-through data utility further into the European market. Fundsquare, a data utility set up last year by the Luxembourg Stock Exchange to support cross-border distribution of investment funds, has a larger European footprint than Silverfinch and will make…
SunGard Details Cost and Compliance Issues of BCBS 239
The Basel Committee regulation BCBS 239 could cost the financial services industry $1.5 billion to $2 billion a year as firms remodel their IT architectures to meet the demands of the regulation’s 11 principles – but while the cost of compliance is high, the regulation is a game changer and could improve firms’ profitability. The…
The Data Management Implications of Solvency II
This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.