RegTech Insight Regulatory Technologies The latest content from across the platform
Financial Markets Operations Response to COVID-19: Best Practices for Working from Home
The COVID-19 pandemic is disrupting all walks of life, and carries with it implications for society beyond even the obvious and immediate health impact. Business is being hit across the board, with many corporations sending staff home in an effort to keep them both safe and working. It’s clear that firms can’t rely on a…
Compliance.ai Launches Insurance RegTech Solution in Response to COVID-19
Compliance.ai has announced comprehensive coverage for insurance-related regulatory content on its platform, which automates the complex steps within the regulatory compliance process for banks, financial services and insurance companies. The move comes in response to a rapid influx of new claims and actions in the US as a result of COVID-19, especially in the US,…
LexisNexis Closes Emailage Acquisition
LexisNexis Risk Solutions has acquired Arizona-based Emailage, a fraud prevention and risk management solutions provider that provides fraud risk scoring solutions based on email intelligence. Its fraud prevention solutions assess fraud risks by utilizing email address metadata, a differentiated global contributory network, and machine learning algorithms. Emailage, which has established market presence in the US,…
FCA on Coronavirus: Take No Prisoners?
Regulators around the world have taken a largely supportive approach to COVID-19, albeit with varying approaches. While some are in total lockdown, others are taking a more measured approach – but according to the word on the street, firms have been surprised by the ‘take-no-prisoners’ stance adopted by the UK’s Financial Conduct Authority (FCA). With…
SWIFT Delays ISO 20022 a Further Year
In its March 2020 meeting, SWIFT endorsed ambitious plans for the group to support financial institutions’ payments and securities businesses – but confirmed that implementation of the ISO 20022 would be delayed by 12 months, following “feedback from the community.” ISO 20022 aims to create a single standardisation approach (including methodology, process, repository) for all…
Wolters Kluwer Pushes Forward AI Agenda With New Proof of Concept
In the latest step forward in the field of AI-driven regulatory reporting, Wolters Kluwer has completed a successful Proof of Concept (PoC) showing that a machine can learn how to take over any end-to-end regulatory reporting process for financial institutions and regulators, across every jurisdiction, by using historical source data and its corresponding regulatory submissions….
Broadridge Acquires FundsLibrary in European Data Push
Broadridge Financial Solutions has completed its acquisition of European fund data specialist FundsLibrary in a bid to boost its pan-European regulatory communications and digital data platform, which supports the lifecycle of fund data, documents, and regulatory reporting for the investment industry. FundsLibrary’s solutions enable fund managers to increase distribution opportunities and help them comply with…
Advocacy Body GDF Announces New Partnership, Team Members
Global Digital Finance (GDF), an industry body advocating and accelerating the adoption of digital assets, has partnered with Washington-based advisory and advocacy firm FS Vector and announced four new senior appointments to boost its global policy and regulatory affairs capability. John Beccia of FS Vector will now lead US Regulatory Affairs for GDF, while European…
Skills and Systems Investment Surging in Financial Services, Finds TR Regulatory Intelligence Report
The right talent plays a crucial role in leveraging the benefits of RegTech within financial services firms, according to the fourth edition of Thomson Reuters’ annual regulatory intelligence report, released today. ‘Fintech, Regtech & the Role of Compliance in 2020: The Shifting Regulatory Role’ urges regulators and policymakers to ensure they have the appropriate up-to-date…
Governor Software Partners with AI Specialists Waymark for Global Coverage
Oversight solutions specialist Governor has become a global reseller of financial regulatory content from UK-based Waymark Tech: including current regulations, regulatory news and regulatory change. The agreement launches Governor Software’s regulatory compliance solution onto the world stage, as Governor Reg can now support compliance teams across all financial regulations worldwide. Governor Reg was initially developed…