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SS&C Expands Risk Analytics with Agreement to Buy Algorithmics’ Assets from IBM
SS&C Technologies has reached a definitive agreement to acquire certain Algorithmics’ and related assets from IBM. The addition of Algorithmics, a provider of risk analytics products and capital management solutions, will extend SS&C’s risk analytics and regulatory offering by adding over 200 clients, 350 employees and offices in 25 countries. Client types include banks, broker…
AB Max Sievert Acquires Nasdaq’s Stake in Scila AB
Swedish investment company AB Max Sievert has acquired a minority stake in Stockholm-based surveillance and risk technology provider Scila AB. The minority stake originated from the Nasdaq acquisition of Cinnober in early 2019. Cinnober had a minority shareholding in Scila for over 10 years before being acquired by Nasdaq. Scila AB provides surveillance, AML and…
RegTech Summit London Fast Approaching – Have You Booked Your Place?
The third annual edition of A-Team Group’s highly sought-after RegTech Summit is nearly here! On October 3, 2019 industry leaders, regulators, practitioners and providers will converge on the etc.venues at St Paul’s London to discuss the most innovative and effective approaches for building a better regulatory environment. This year is our strongest line-up yet, with…
LIBOR Change Requirements Mean Major Data Challenges for Financial Firms – Are You Ready?
With the London Interbank Offered Rate (LIBOR) ceasing to exist at midnight January 1, 2022, financial services firms around the world are faced with an enormous data management challenge. LIBOR, and the interest rate curves built off of it, are used within a wide variety of financial instruments and products, including derivatives, loans, and bonds….
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…
AkinovA Deploys Trading Platform on OpenFin
AkinovA, an electronic marketplace for the transfer and trading of re/insurance risk, has selected OpenFin for the deployment of its trading platform. The integration with OpenFin allows users to access the AkinovA marketplace with an easy-to-use interface that looks and feels like a native app experience while enabling instant deployment and upgrades. AkinovA is the…
FRTB Impact a Triple Threat, Finds ISDA
Final market risk capital rules will lead to a higher increase in bank capital requirements than previous estimates given by international regulators earlier this year, an undisclosed industry study has found, as reported by Risk.net – leading to concerns that the capital hike could force firms to scale back trading activities to meet the new…
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…
Axioma Enhances Canada Equity Risk Model
Axioma, a provider of enterprise risk management, portfolio management and regulatory reporting solutions, has added a new Canada equity risk model (AXCA4) to its next-generation Equity Factor Risk Model suite. The release builds on existing risk models, offering enhanced country-specific content to meet the risk-management needs of investors. The estimation universe for the Canada model…