RegTech Insight Risk Technologies The latest content from across the platform
Saifr Acquisition of Giant Oak Solution Adds Adverse Media Screening and Monitoring
Saifr, a Fidelity Investments company, plans to extend its RegTech capabilities with the acquisition of GOST, an AI platform developed by Giant Oak to deliver adverse media screening and monitoring. The addition is expected to provide financial institutions with broader functionality across regulatory intelligence, due diligence, risk management analytics and continuous monitoring, and help them…
UAE Commercial Bank International Selects Bloomberg MARS for Risk Management
Commercial Bank International (CBI), a national bank in the UAE, has selected Bloomberg’s Multi-Asset Risk System (MARS) modules for counterparty risk, market risk and valuation. The bank previously adopted MARS Front Office to help its LIBOR transition. The three additional modules make MARS the bank’s primary risk management system. The MARS counterparty risk (XVA) module…
NICE Actimize GenAI Solutions Cut Crime Investigation and SAR Filing Time
NICE Actimize, a provider of financial crime, risk, and compliance solutions, has released generative AI solutions designed to reduce the time and manual effort traditionally required for financial crime investigations and compliance reporting. The company suggests the solutions offer up to a 50% decrease in investigation time and a 70% reduction in Suspicious Activity Reporting…
SS&C and Regnology Collaborate to Ease Risk and Regulatory Reporting
SS&C Technologies, a provider of financial software and services, has made a strategic partnership with Regnology, a regulatory reporting and data company, to help clients meet upcoming regulatory requirements from the European Banking Authority (EBA). The collaboration is building a joint solution developed by SS&C Algorithmics and Regnology that addresses a wide range of needs…
Best Practice Approaches to Trade Surveillance for Market Abuse
Market abuse is a problem, a very big problem for financial institutions that fall on the wrong side of regulation. Penalties include eye-watering fines, reputational damage and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours, a lack of trust and the potential need for significant…
S&P Global Market Intelligence Adds Quantifind Sanctions Screening Data to Entity Insights
S&P Global Market Intelligence has enhanced its entity due diligence platform, Entity Insights, with the inclusion of sanctions and adverse media screening data. The additional data is provided by Quantifind and enables users to screen more than 30 million entity records from more than 30,000 global sources to meet due diligence requirements and manage reputational…
Azentio Partners Regula to Automate Identity Proofing In Digital Onboarding Solutions
Azentio Software, a Singapore-based technology firm, has made a strategic partnership with Regula, a global developer of forensic devices and identity verification solutions, to improve its digital onboarding solutions. Two Regula solutions, Regula Document Reader SDK and Regula Face SDK, will be integrated with Azentio ONEBanking and Azentio ONECapitalMarkets platforms. Regula Document Reader SDK ensures…
Now is the Time to Prepare for January 2025 DORA Compliance Deadline
Rich Cooper, Global Head of Financial Service Go-To-Market at Fusion Risk Management. The Digital Operational Resilience Act (DORA), which is designed to consolidate and upgrade Information and Communications Technology (ICT) risk requirements and sets out a common set of standards for mitigating risks, takes effect across the EU in January 2025. The legislation covers a…
Encompass Plans Corporate Digital Identity Platform Following Acquisition of CoorpID and Blacksmith KYC
Encompass Corporation, a provider of real-time digital Know Your Customer (KYC) profiles, has acquired CoorpID and Blacksmith KYC from ING to develop a platform that solves the critical challenge of identification and verification of corporate and institutional clients. ING will be a stakeholder and development partner to Encompass and will use the platform in the…
Quantexa Partners Anti-Human Trafficking Intelligence Initiative
Quantexa, a provider of decision intelligence solutions, has announced corporate sponsorship and advisory council membership of the Anti-Human Trafficking Intelligence Initiative (ATII). The ATII is a US-based non-profit organisation with a mission to fight human trafficking and child exploitation by providing data to advance the prevention, detection, investigation, and reporting mechanisms required to identify potential…