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NICE Actimize ARCHIVE-X Offers Single Source Regulatory Record Keeping
NICE Actimize has released ARCHIVE-X, a cloud-based, all communications archiving and records management solution that provides buy-side, sell-side and online trading platforms with one solution to support regulatory requirements for communications archiving and records management. The aim is to help financial institutions achieve more robust records lifecycle management and reduce compliance risk by archiving all…
Global Screening Services Raises $47 Million, Moves into Operational Phase
Global Screening Services (GSS), a provider of transaction screening, has completed a Series A2 funding round raising over $47 million (£37 million). The investment will support the London-based company’s transition from a development to operational phase as its cloud-native platform prepares to go live with inaugural clients. Originally incubated by AlixPartners, GSS tackles the complexity…
Baader Bank Selects Broadridge for Regulatory Trade and Transaction Reporting
Baader Bank has extended its relationship with Broadridge Financial Solutions with an agreement to use the vendor’s regulatory trade and transaction reporting solution to ensure a more unified and comprehensive regulatory reporting framework. The bank already uses Broadridge’s front- and middle-office solutions for order management, trading and market connectivity. Baader Bank offers asset classes including…
Best Practice Approaches to Trade Surveillance for Market Abuse
In 2023, Openmarkets Australia was fined the largest ever penalty imposed by the?Australian Securities and Investments Commission (ASIC) of $4.5 million. Among other observations, the regulators noted that Openmarkets had not appropriately calibrated its post-trade surveillance system and that this resulted in an unmanageable volume of alerts, most of which were not reviewed. “This outcome…
EU Parliament Approves Landmark Artificial Intelligence Act
The EU Parliament has approved the Artificial Intelligence Act, marking the world’s first regulation of AI. The regulation establishes obligations for AI based on its potential risks and level of impact and is designed to ensure safety and compliance with fundamental rights, democracy, the rule of law and environmental sustainability, while boosting innovation. The act…
Alexandre Kech Steps Up to Role of GLEIF CEO as Stephan Wolf Steps Down
Following the decision by Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation (GLEIF), to step down from the role on 24 June 2024 after a decade of leading the foundation from its start-up phase to the growing organisation it is today, the GLEIF board of directors has appointed Alexandre Kech to the position….
SmartStream Reference Data Services Provides Derivatives Data for EMIR Refit
SmartStream Reference Data Services (RDS) has released an enhanced derivatives data service providing in-depth insights into futures related transactions and playing into EMIR Refit reporting requirements. EMIR Refit is geared towards enhancing transparency and stability in the OTC derivatives trading market and is set to take effect in April for Europe and September for the…
SteelEye Strengthens Presence in APAC by Incorporating in Singapore
SteelEye, provider of an integrated surveillance platform, has strengthened its footprint in Asia-Pacific (APAC) by incorporating in Singapore. This will enable closer collaboration with clients and regulatory authorities and comes at a time of heightened enforcement action by the Monetary Authority of Singapore (MAS), which over the past year fined four banks and an insurer…
Duco Offers Transaction Reporting Eligibility Validator for EMIR
Duco, a provider of Software-as-a-Service (SaaS) AI-powered data automation, has released a transaction reporting eligibility validator that provides an independent validation of internal eligibility rules by using field-by-field comparison of individual financial services firms’ rules versus existing ESMA eligibility requirements. The solution highlights under and overreporting using Duco’s reconciliation and exception management capabilities, and regulatory…
A-Team Group Announces Winners of RegTech Insight Awards APAC 2024
A-Team Group has announced the winners of its RegTech Insight Awards APAC 2024. The awards are designed to recognise excellence in RegTech solutions and services, and focus on vendors providing exceptional offerings to capital markets participants in APAC. The winners of the awards were announced on 6 March 2024. This year’s RegTech Insight Awards APAC…