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Recorded Webinar: FRTB: The time to get your data in order is now
Fundamental Review of the Trading Book (FRTB) regulation requires firms within its scope to source significant amounts of data, some of which has not previously been required and is difficult to pin down. The data management challenges of the regulation’s Internal Model Approach (IMA) to market risk capital calculations include ongoing P&L attribution, back testing…
Global RegTech Industry Tops $5bn, But More Collaboration is Needed
The global RegTech industry generated an estimated $5 billion in revenue last year, as regulatory changes and technological advancements drove a surge of new startups in the past five years – according to a new Global RegTech Industry Benchmarking Report released this week by the Cambridge Centre for Alternative Finance (CCAF). Sponsored by EY Japan…
Shield FC Opens London Office, Plans New SME Product
Specialist RegTech start-up Shield, which provides a cross-regulation platform for electronic communications compliance, has branched out from its Israeli base to open a new office in London, led by business development manager Shira Rottner. “As a key financial hub, London is one of the most important markets for Shield, and now is the right time…
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,…