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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…
BIS Supports Fintech Innovation for Central Banks
The Bank for International Settlements (BIS) has confirmed plans for a new Innovation Hub to encourage international collaboration on financial technology within the central banking community. Launching initially at existing BIS facilities in Hong Kong and Basel, the hub will eventually span multiple locations with a third spoke due in Singapore within the first phase…
ClauseMatch Parters with Singapore’s Ingenia
Following on from its recent expansion into Singapore, UK-based regtech firm ClauseMatch has announced its first partnership in the region, with independent consultancy Ingenia. The alliance aims to provide ‘Compliance-as-a-Service’ for small and medium-sized financial institutions in Singapore, based on Ingenia’s existing service of developing and maintaining compliance networks for financial institutions who outsource their…
Datactics Secures £1.2m Seed Funding
Belfast software solutions provider Datactics has raised £1.2m from the Bank of Ireland Kernel Capital Growth Fund (NI) in its second round of funding, completing a package commenced in 2018. “Seldom does a day go by where the possibilities of machine learning aren’t being discussed, and everything we are hearing from industry agrees that any…
Capital Markets AML Gaps Need Plugging with RegTech, Says FCA
There are significant gaps in anti-money laundering (AML) defences within capital markets, according to a recent UK Financial Conduct Authority (FCA) thematic review, ‘Understanding the Money Laundering Risks in the Capital Markets’. Many of the issues raised by the regulator either relate to the way financial crime technology is deployed within capital markets, or how…
Five Fundamental Forces are Reshaping RegTech Says MetricStream’s Mazzone
Although there is considerable hype around technology buzzwords such as artificial intelligence (AI) and machine learning (ML), the reality is that today, the world of RegTech is being shaped by other, more fundamental forces, says Anna Mazzone. Mazzone is general manager and managing director for UK and Ireland at MetricStream, as well as a non-executive…
Recorded Webinar: Privacy vs. Surveillance: Managing conflicting regulations in Germany and other privacy-sensitive jurisdictions
The EU’s MiFID II and other regulations globally have placed greater emphasis than ever on market surveillance, recording of trading communications and records-retention processes in an attempt to stamp out market abuse and boost investor confidence and protections. At the same time, the public’s attitude toward data privacy has hardened, most visibly through new regulations…