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ESG Handbook 2021
A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges…
Confluence Outlines Development Plans Following Acquisition Agreement with Clearlake Capital Group
Clearlake Capital Group’s agreement to acquire a majority stake in Confluence provides the regulatory and data solutions provider with backing to accelerate global expansion, develop additional solutions, integrate emerging technologies, and continue down the acquisition trail. Clearlake will acquire Confluence from private equity firm TA Associates, which partnered with Confluence in 2018 and will continue…
Acin Enhances Operational Risk Control Platform
Acin has enhanced its SaaS-based operational risk control platform, adding a new Acin Score facility as well as forward-looking scenario analysis and emerging risk assessment capabilities. The enhancements seek to address financial institutions’ need for a holistic approach to operational risk to mitigate against expensive process failures, financial losses, regulatory penalties and reputational damage. The…
Relativity Acquires Text IQ to Boost Surveillance, Legal Review Capabilities
Legal and compliance technology company Relativity has acquired Text IQ, which uses artificial intelligence (AI) to identify sensitive data for financial services clients including Morgan Stanley, Goldman Sachs, US Bank and Bank of America. Relativity says the acquisition will augment its surveillance and legal review capabilities, in particular general privilege reviews for litigation, and responses…
ComplyAdvantage Tops Up Series C Funding with Goldman Sachs Investment
ComplyAdvantage, a financial crime compliance specialist, has received new investment from Goldman Sachs Growth Equity. The investment will be used to build on the company’s rapid growth and cement its position as a critical part of the value chain for companies managing evolving risks around anti-money laundering (AML) and know your customer (KYC) processes, as…
One Year On: Banks Resume Prioritization of FRTB, but Same Challenges Persist
By: Essan Soobratty, Regulatory Product Manager, and Eugene Stern, Head of Market Risk Product, Bloomberg. One year on from the start of the global pandemic which sent global markets into turmoil and prompted regulators to introduce a range of emergency measures to support the financial system and the broader economy, banks are continuing their return…
Confluence Acquires Fundpeak to Address Funds’ KIID, PRIIPS Requirements
Pittsburgh-based risk and regulatory solution specialist Confluence Technologies has agreed to acquire Fundpeak, a provider of tools for helping buy-side firms manage their marketing and communications based in Czech Republic. The acquisition aims to strengthen Confluence’s offerings in the segment by leveraging Fundpeak’s expertise in providing secure fund portals and marketing tools such as fund…
JP Morgan Extends Use of Acin for Operational Risk
JP Morgan has expanded the use of Acin’s operational risk management platform to cover its global markets activities, having worked with the system in its e-trading business for the past two years. The expansion supplements the US bank’s existing operational risk management processes. According to Jamie Hamilton, Global Head of Markets Business Control Management at…
Recorded Webinar: Trade surveillance: Deploying monitoring and surveillance capabilities for today’s new normal
Let’s face it: The old ways aren’t coming back. A plethora of challenges brought on by the covid-19 pandemic, coupled with unrelenting market volatility and uncertainty, have pushed financial service firms to look for rigorous monitoring and surveillance solutions to meet the demands of the emerging trading landscape. Working from home (WFH) has increased the…
Russell Investments Modernises Compliance Using ACA’s ComplianceAlpha
Russell Investments has embarked on a major modernisation of its risk and compliance programme based on ACA Group’s ComplianceAlpha managed service. The vision is to create a single platform to establish a single source of truth for all relevant data and analysis, boosting the effectiveness and efficiency of its risk and compliance teams. The initiative…