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Recorded Webinar: Market Abuse: Trends and Issues to Watch Out for in 2023
With the FCA taking a supervisory approach to regulating firms, many regulatory interventions won’t end up in the public domain. What are they looking for and how do you ensure you stay on the right side of their supervision? Join this webinar with A-Team Group and Leaman Crellin to discover what you need to focus…
FINOS Promotes Industry Standards with Release of Common Domain Model
The Fintech Open Source Foundation (FINOS) has released a long-awaited Common Domain Model (CDM) designed to drive transparent and inclusive industry standards. The model is a result of cross-industry collaboration between FINOS, the International Swaps and Derivatives Association (ISDA), International Capital Market Association (ICMA), and International Securities Lending Association (ISLA). The CDM is integrated into…
Sikoia Secures $6 Million Funding to Accelerate Growth of Client Onboarding Platform
Sikoia, provider of a unified data platform for client onboarding and counterparty evaluation, has secured $6 million in seed funding, bringing total capital raised to over $8.3 million. The London-based company will use the funding to accelerate international expansion, extend the platform’s data coverage and workflow automation, and develop unique technology to help its clients…
Market Abuse Regulation and How Not to Fall Foul of the Rules
The messy collapse of once revered construction and professional services multinational Carillion in 2018 not only shook the City of London, but also offered powerful insight into authorities’ determination to stamp out market abuse. While the £845 million hole Carillion reported in its accounts was stunning, the Financial Conduct Authority’s (FCA) response was just as…
Delivering on ESG Through the Cloud
By Shaun Hurst, Principal Regulatory Advisor for EMEA, Smarsh. ESG, the acronym that refers to the alignment of environmental, social, and governance performance and objectives with company practices and investor strategies, has evolved from being a ‘nice to have’ for companies and financial institutions to a concrete expectation. But with rising regulation, litigation and growing scrutiny…
Are You Ready for the Tide to Change for Compliant Communications?
By Jennie Clarke, Senior Manager at Global Relay, the electronic communications compliance specialists. Regulatory obligation and guidance surrounding the capture, monitoring and surveillance of digital communication channels is far-reaching and increasingly robust. The Financial Conduct Authority’s (FCA) Handbook SYSC 10A, for example, requires firms to “take all reasonable steps to record telephone conversations, and keep…
Corlytics Buys SparQ from ING in €5 million Deal
Dublin-based Corlytics has acquired ING SparQ, which helps financial institutions identify and implement external regulation more efficiently, in a transaction valued at €5 million. Corlytics will SparQ with its own capabilities to create a unified ‘monitoring to policy’ platform that automates the regulatory change lifecycle and allows firms to update and enforce internal policies and…
Themis Secures £3.1 Million Funding for Financial Crime Platform
Themis, provider of a digital financial crime platform, has secured £3.1 million in its latest Pre-Series A funding. The London-based company raised £1.7 million in a seed round in 2021, and will use the funds to continue development of its automated due diligence platform, Themis Search and Monitoring, that was released in 2020. The platform…
EU Regulatory Priorities for 2023, According to our Brussels Insider
Higher Interest Rates, A Volatile Crypto-Asset Environment and the Growth of Opaque Non-Bank Institutions Challenge Central Banks and Regulators in the EU. These were the opening remarks of Dr. David Doyle, an EU financial services regulatory expert, and frequent speaker at A-Team Group conferences, when we met up with him early in the New Year…
Cube Acquires The Hub to Help Clients Automate Compliance Processes
Regulatory data automation specialist Cube has acquired The Hub, a provider of artificial intelligence solutions for capturing and monitoring unstructured regulatory data. Cube plans to integrate The Hub’s technology with its own RegPlatform to allow clients to automate their regulatory compliance processes. The acquisition aims to address what Cube has identified as financial firms’ growing…