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Predictions for 2025: Regulatory Climate to Impact Data Management as KYC Initiatives Evolve
By Cenk Ipeker, General Manager, Product Management, Cloud, NICE Actimize. As we enter 2025, financial institutions are likely to witness a shift toward more efficient, customer-friendly, and compliant Know Your Customer (KYC) practices. These changes will occur as institutions navigate an evolving regulatory landscape and technological advancements, with data management becoming a key focus area…
Why is Comms Surveillance Still a Problem? Key Insights from RegTech Summit 2024
More than $3 billion in fines and even higher legal costs have underscored the persistent challenges firms face in e-communications surveillance. Despite abundant evidence of the regulatory, financial, and reputational risks at stake, this problem continues to vex compliance teams worldwide. This provided the context for a group of senior practitioners and RegTech experts convened…
A Holistic Approach to Regulatory Change Management: Insights from RegTech Summit 2024
In November, the RegTech community gathered for A-Team Group’s RegTech Summit in New York City, now in its eighth year. 2024 also saw a record number of national elections including the United States, the UK and six other G20 countries. The details of any changes in regulatory policy and any impact on Governance Risk and…
Transforming Compliance: Key Takeaways from the RegTech Summit Panel on GenAI and LLMs
A deep dive on Generative AI (GenAI) in compliance was the focus of the first panel session at the recent A-Team Group RegTech Summit in New York. The panel comprised Erin Preston, Chief Compliance Officer, Wedbush Securities; Harsh Pandya, Vice President, Product Management, Saifr; Brandon Carl, EVP, Product Strategy, Smarsh; and Rachna Srivastava, Head of…
From Fragmented to Unified: KOR Streamlines SEC and CFTC Derivatives Reporting
In August, KOR received its license from the Securities and Exchange Commission (SEC) to operate as a Securities Based Swap Data Repository (SBSDR) and Securities Information Processor (SIP)—a milestone that positions it squarely within a particularly exclusive segment of the U.S. derivatives reporting environment. This achievement makes KOR only the second SBSDR in the country…
KYC 2.0: Elevating Customer Due Diligence Practices
By Steve Marshall, Director, Advisory Services, FinScan, an Innovative Systems solution. Know Your Customer (KYC) requirements for anti-money laundering (AML) programmes are entering a new era. Evolving regulations, industry best practices, and ongoing scrutiny of compliance programmes are pushing organisations subject to KYC regulations to reevaluate their approach to customer due diligence (CDD), the process…
How RegTech has Shaped Compliance in a Year of Global Regulatory Changes
2024 has been a transformative year for the regulatory landscape marked by major updates to trade reporting rules across the globe. Leo Labeis, CEO of REGnosys, reflects on the year and discusses how firms can harness RegTech solutions to stay prepared for ongoing regulatory evolution. While some will remember 2024 as “the year the world…
Behavioural Surveillance: Key Insights from the Smarsh -Sponsored Webinar on Conduct Risk Management
A recent webinar hosted by RegTech Insight and sponsored by Smarsh, brought together industry leaders to explore innovative strategies for tackling conduct risk. The panel included Sepehr Irandoost, Head of Global Surveillance Effectiveness and Efficiency, Bank of America; Marili Anderson, Head of Compliance, Rabobank; Theo Hill, Senior Director of Product Management, Smarsh. Managing conduct risk…
Kaizen and RegGenome Partner to Streamline Global Regulatory Intelligence
Reg reporting specialist Kaizen has forged a partnership with RegGenome, a spin-out from the University of Cambridge and a founding member of the open-source Regulatory Genome Project (RGP), aimed at helping financial institutions navigate complex global regulations. The tie-in combines RegGenome’s AI-powered regulatory data repository with Kaizen’s award-winning Single Rulebook platform. The partnership leverages the complementary…
2024 Nasdaq Compliance Survey Reveals Top Compliance Challenges and Investment Priorities
Nasdaq’s Global Survey Highlights AI, Cloud, and Data Quality as Key Drivers in Compliance Evolution The financial services sector is navigating an increasingly complex regulatory and operational landscape, as highlighted in Nasdaq’s ninth Annual Global Compliance Survey. The survey, conducted among 94 compliance professionals from the sell-side, buy-side, and financial market infrastructure sectors, underscores a…