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An Integrated Approach to Combating Financial Crime
Digital transformation in the capital markets sector has given rise to a dramatic increase in the volume of transactions and data, particularly in highly liquid markets. This increase coupled with complexities in cross-border and cross-product trading activity and innovations in financial assets (crypto, digital assets) has created a fertile ground for criminal exploitation. Financial crime…
CUBE Expands Regulatory Reach With Strategic Acquisitions & Partnerships
CUBE recently announced the acquisition of Reg-Room, a strategic move aimed at broadening its regulatory intelligence capabilities. This acquisition, coupled with a significant new partnership with investment firm Hg, marks a pivotal phase in CUBE’s growth strategy. The acquisition of Reg-Room, allows CUBE to incorporate and expand its regulatory change monitoring and analysis. This is…
Recorded Webinar: How to leverage Generative AI and Large Language Models for regulatory compliance
Generative AI (GenAI) and Large Language Models (LLMs) offer huge potential for change across capital markets, not least in regulatory compliance where they have the capability to help firms understand and interpret regulations, automate compliance, monitor transactions in real time, and flag anomalies in the same timeframe. They also present challenges including explainability, responsibility, model…
Hosting GenAI in the Cloud for RegTech
In his recent letter to shareholders, JP Morgan Chase CEO Jamie Dimon highlighted cloud computing and GenAI as integral components of the firm’s strategy, with 75% of its data and 70% of its applications to be hosted in a combination of public and private clouds this year. Over the past decade, cloud computing has become…
S&P Global’s Cappitech Extends Pirum Collaboration for SEC Rule 10c-1a
Pirum, the London based, post-trade services and securities financing automation vendor and the Cappitech unit of S&P Global Market Intelligence have extended the functionality of their joint Securities Financing Transaction Reporting (SFTR) solution to address the upcoming SEC rule 10c-1a, which covers the reporting of securities lending transactions. The two originally partnered in 2021 to…
FinScan Launches Sanctioned Securities Screening
FinScan, the Pittsburgh-based division of Innovative Systems, Inc. has released FinScan Securities adding sanctioned financial instrument screening to its AML and KYC solutions. Screening for sanctioned securities is an increasingly challenging requirement. Data identifying ultimate beneficial ownership is difficult to source and integrate and the number of securities and entities subject to sanctions continues to…
A-Team Group Names Winners of Innovation Awards 2024
A-Team Group has named the winners of its prestigious Innovation Awards 2024. The awards celebrate innovative projects and teams across vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets with a focus on data management, trading technology, RegTech or ESG. This year’s…
Generative AI in RegTech: Promise, Pitfalls and a Glimpse Into the Future
The release of ChatGPT in October 2022 created an overnight sensation and Artificial Intelligence (AI) now dominates every corner of the business news cycle including financial services and capital markets. Before ChatGPT, the world of AI/ML revolved largely around data scientists and communities of developers on GitHub. Financial institutions have been leveraging AI technologies for…
T+1 Accelerators Showcased at Symphony Innovate 2024
With less than 30 days until the May 28 T+1 implementation for US markets, collaboration platform operator Symphony last week used the occasion of its annual Symphony Innovate event to highlight three innovations that promise to significantly accelerate the resolution of post-trade exceptions. The new capabilities, which build on the company’s foundational secure communication platform,…
Top 20 e-Comms Surveillance Providers 2024
Earlier this month, the Securities and Exchange Commission announced charges against a registered investment adviser for widespread and longstanding failures to maintain and preserve certain electronic communications; the matter was settled for $6.5 million. This case is notable because it is the first time the SEC has brought charges against an RIA with no ties…