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Applicants Sought for New York RegTech Trade Mission
A-Team Group is delighted to partner with the UK’s Department for International Trade (DIT) to call for applications from UK RegTech businesses (specifically companies with a focus on regulatory monitoring, reporting and compliance) to participate in its upcoming 2019 UK RegTech Trade Mission to New York. Taking place November 13-15 in New York City, the…
NICE Actimize Launches New Regulation BI Solution
On June 5, 2019 the US Securities and Exchange Commission (SEC) voted to approve the new Regulation Best Interest (BI), imposing rigorous new requirements to ensure firms are transparent and act in their clients’ best interest. Due to come into force on June 30, 2020, the new rule substantially upgrades existing suitability regulations to raise…
kompany Wins Successful Funding Round
Austrian banking group Raffeisen Bank International (RBI) via its corporate venture capital unit Elevator Ventures has joined UNIQA Ventures to invest in business verification and KYC provider kompany, while previous investors, including the European Super Angels Club (ESAC), have increased their stakes. kompany is an alumnus of the Elevator Lab Program and became a group…
SmartStream Expands Further into Germany with New Partnership
Transaction Lifecycle Management (TLM) solutions provider SmartStream Technologies has moved further into the German market, joining forces with Finanz Informatik Solutions Plus (Finanz), a specialist in outsourcing, consulting, development and integration services for business applications in the financial sector. Under the new agreement, Finanz will help its German clients with implementation projects and application management…
Compliance Costs Hit Profits at Commonwealth Bank
Australia’s biggest bank has seen profits slump by 8.1% following regulatory and compliance costs of over $1 billion amid a series of scandals, lawsuits and regulatory investigations. According to CEO Matt Comyn, Commonwealth is currently handling a number of “regulatory and risk projects.” The bank is working with RegTech firm Red Marker to implement a…
ComplyAdvantage Expands with New York and London Offices
ComplyAdvantage, a UK-based regtech firm that uses data science and machine learning to neutralize the risk of global financial crimes, has opened new offices in both London and New York to service the growing demand for modern compliance solutions. The firm has opened commercial offices in Covent Garden, London and in Bryant Park in New…
UK SupTech Firm FNA Wins $5.5m Series A Funding
London-based supervisory technology (‘SupTech’) start-up FNA has closed a $5.5 million Series A investment round led by IQ Capital, with participation from GETTYLAB. Founded in 2013, FNA offers deep technology analytics company via a platform that uses network analytics, AI and machine learning platform to help financial institutions to map and monitor complex financial systems,…
Synechron Data Science Launches New LIBOR Solution
London-based Synechron has launched a LIBOR accelerator using data science to address thechallenges of financial sector benchmarking. The accelerator for LIBOR Impact Analysis enables financial institutions to identify and quantify their LIBOR exposure at either a contract level or across all contracts within an institution. Thesolution leverages Optical Character Recognition (OCR) and three levels of…
Verint Systems Integrates with Microsoft for Compliance Recording
Verint Systems has engaged with Microsoft to support compliance recording for Microsoft Teams. The added layer of compliance recording will enable clients to capture Teams interactions properly across contact center, back-office, and trading floor operations. Verint has worked with Microsoft Unified Communications (UC) to provide compliance solutions for 10 years, and was one of the…
Pragmatic Innovation is the Key to Success
By Alessandro Tonchia, co-founder and director of Finantix. Delivering innovative Artificial Intelligence (AI)-based technologies to improve business and operational performance is crucial to the future of the wealth management industry. Wealth management advisors are paid a certain amount of basis points on the proviso that they will give a clear view on what is best…