Data, portfolio valuations and OTC derivatives trade processing vendor Markit has launched a new documentation library that allows financial institutions to post, manage and share compliance, counterparty credit and regulatory documents securely. Called Markit Document Exchange, the new service automates KYC, anti-money laundering and compliance certification processes in order to reduce risk and lower operational costs. It is aimed at both buy side and sell side clients and thus far, five banks and two asset managers have signed up for the service.
A-Team Insight Blogs
Markit Launches Counterparty/Compliance Documentation Library
How to get regulatory change management right and avoid the risks of getting it wrong The burden of regulatory change on financial firms has never been greater, leaving compliance teams under increasing pressure to ensure that changes are reviewed and acted upon in a timely manner. Technology enhancements in this space can help, allowing firms...
The global RegTech community gathers virtually this week for A-Team’s RegTech Summit Virtual, which kicks off on Wednesday. Over its two-day programme of must-attend sessions, the conference will offer an assessment of the global RegTech landscape, plus discussions ranging from the ongoing regulatory reporting challenge, the emerging conduct compliance requirement, addressing financial crime and other...
Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...