RegTech Insight Risk, Governance & Controls The latest content from across the platform
Recorded Webinar: Modernising Data Infrastructures: Challenges and opportunities of managing complex financial data and analytics in hybrid and multi-cloud environments
As they forge ahead with their digital transformation programs, financial institutions are finding that the internal platforms they use to manage complex data sets for trading, investment, risk, and compliance are no longer fit for purpose. The ongoing shift toward cloud hosting is forcing practitioners to manage the transition from deeply entrenched legacy platforms to…
MCO Closes Acquisition of Schwab Compliance Technologies for Conduct Risk
Dublin-based conduct risk and compliance technology specialist MCO (MyComplianceOffice) has completed its acquisition of Schwab Compliance Technologies (SCT). The purchase – for an undisclosed sum – adds the ability to monitor employees’ trading activities to MCO’s product line and brings its client base to more than 1,300 firms globally. SCT – which started life as Compliance11 Inc….
Citi, State Street Join FundGuard Platform as Part of $40 Million Funding
Citi and State Street Corp. have joined existing investors in FundGuard’s $40 million Series B funding round, becoming strategic partners in the company’s bid to establish a SaaS-based investment management and asset services platform. With ‘anchor tenants’ Citi and State Street on board, FundGuard is now launching efforts to add more specialised providers of capabilities…
What is Digital Transformation and How Do You Get it Right?
While financial institutions are grasping the opportunities offered by the digital transformation of their activities, a number of impediments are hampering some from extending the strategy to their operations teams in the back office. A stubborn corporate culture, fear of change and a lack of planning are just some of the challenges cited by industry…
The Best Conduct Risk Solution Providers
Following many well publicised misconduct issues within financial services, there is now a regulatory spotlight on the issue of conduct risk (in addition to all the fines) in an effort to help rebuild trust and support future growth. The FCA broadly defines conduct risk as ‘any action of a regulated firm or individual that leads…
Recorded Webinar: The future of KYC and AML: How to tackle the challenges and gain the opportunities of perpetual KYC
Perpetual Know Your Customer (or pKYC) could be a game changer for client onboarding, due diligence and financial crime compliance. Moving on from today’s reactive approach that conducts client KYC processes at onboarding and typically at one, three and five year intervals, pKYC takes a proactive approach, creating a digital KYC profile and dynamically refreshing…
Top 6 Use Cases for AI in RegTech
As artificial intelligence’s influence on regtech continues to grow, so does the importance of minimising algorithm bias and maximising data quality. The use of Artificial Intelligence (AI) and machine learning in RegTech is playing an increasingly important role and helping to reshape risk and regulatory compliance. It can offer many benefits and we outline the…
RiskBusiness Acquires Gold Operational Loss Database
RiskBusiness Services has acquired the Global Operational Loss Database (Gold) from partner UK Finance, the former British Bankers Association (BBA). RiskBusiness, a UK-based provider of SaaS-based compliance solutions, plans to offer the Gold database to allow firms to benchmark and measure their exposures to operational risk. Mike Finlay, CEO and Chief Product Architect, RiskBusiness, says:…
Recorded Webinar: FRTB: What still needs to be done before the global deadline of January 2023?
While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away. For banks in scope of the regulation, the time to put necessary risk infrastructure and data…
Suffolk Building Society Adopts TruNarrative for Financial Crime Mitigation
Suffolk Building Society has opted to start using TruNarrative’s platform for real-time financial crime decisioning and risk rating, in a move which the UK mutual says will significantly improve the efficiency and speed of onboarding new mortgage customers. Acquired by LexisNexis Risk Solutions in 2021, TruNarrative is UK based regtech which has developed a unified…