Editor’s pick
Surveillance Platform Operator Shield Raises $15 Million to Fund Sales Expansion
Tel Aviv-based surveillance system provider Shield has raised $15 million to expand its global sales teams and expand its capabilities. The series A funding round was led by Macquarie Capital and OurCrowd. Founded in 2018, Shield uses artificial intelligence (AI) and natural programming language (NPL) to identify market abuse and conduct issues. Its platform monitors...
Top Blogs
Surveillance Platform Operator Shield Raises $15 Million to Fund Sales Expansion
Tel Aviv-based surveillance system provider Shield has raised $15 million to expand its global sales teams and expand its capabilities. The series A funding round was led by Macquarie Capital and OurCrowd. Founded in 2018, Shield uses artificial intelligence (AI) and natural programming language (NPL) to identify market abuse and conduct issues. Its platform monitors...
EU Asserts ‘Strategic Autonomy’ in Post-Brexit Regulatory Landscape
With Brexit now ‘done’, the EU is taking stock of its regulatory environment as it settles down to life without the UK and its all-important financial capital London. The EU will spend 2022 setting out its regulatory stall as the UK seeks to differentiate itself from its former stablemates. What’s emerging is a multi-pronged regulatory...
IFPR – The UK’s New Prudential Regime: Is Your Firm Ready?
By Murray Campbell, CASS Business Consultant, AutoRek. The Investment Firm Prudential Regime (IFPR) comes into effect in the UK on January 1, 2022, and will overhaul the prudential regulations that are currently applicable to MiFID investment firms. This will bring significant changes to the way investment firms assess their capital adequacy and monitor associated risks....
Latest briefs
PKO Bank Polski Selects SS&C FRTB Solution
PKO Bank Polski has implemented SS&C’s Fundamental Review of the Trading Book (FRTB) standardised approach solution. As part of an update of its risk management framework, the bank will use SS&C’s FRTB solution to calculate risk sensitivities and provide FRTB-specific calculations and workflows, extensive model coverage, high performance, scalability and extensibility through APIs. The bank…
Finastra Adds €STR, TONAR and SORA Rates to Fusion LIBOR Transition Calculator
Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on December 31, 2021. In addition to SOFR for the US dollar and SONIA for pounds…
ICE Benchmark Administration Updates on LIBOR Cessation and Synthetic LIBOR
ICE Benchmark Administration (IBA), the authorised and regulated administrator of LIBOR, has provided an update regarding LIBOR cessation and synthetic LIBOR following announcements from the UK Financial Conduct Authority (FCA) made over the past year and focusing on when LIBOR settings will cease and the creation of a synthetic methodology for selected LIBOR settings through…
Anglo-Gulf Trade Bank Chooses Fenergo for CLM Solution
The world’s first digital trade finance bank, Anglo-Gulf Trade Bank (AGTB), based in the UAE, has chosen Fenergo to deploy its CLM platform. Fenergo will enable AGTB to meet its strategic objective to disrupt the trade finance market with a cloud-based, digital-first and client-centric model leveraging emerging technologies such as data analytics and API connectivity….
FCA & FRC Remind Firms Of Extended Financial Information Timelines
The FCA and FRC have issued a statement reminding companies of the measures issued in 2020 that provide more time for the work necessary to ensure that published financial information continues to be of the quality that preparers and users of financial information expect. These include allowing listed companies an additional two months to publish their audited…
EBA Announces Timing for 2021 EU-wide Stress Test Exercise
The European Banking Authority (EBA) will launch its 2021 EU-wide stress test exercise with the publication of the macroeconomic scenarios on 29 January at 18:00 CET. The EBA expects to publish the results of the exercise by July  31, 2021.
TA Associates Sells ITRS Stake to Montagu Private Equity
Montagu Private Equity has agreed to acquire a majority position in ITRS Group, a global provider of real-time monitoring and analytics software, from TA Associates, which will remain a minority holder alongside Montagu and Management. Financial terms were not disclosed but completion is expected next month, subject to regulatory approvals.London-headquartered ITRS Group has over 3,000…
KBC Bank chooses Finastra for LIBOR transition
KBC Bank, a Belgium-based bank with operations across Europe, US and Asia Pacific, has chosen Finastra to help manage its transition through the upcoming interbank references rates changes. It has selected Fusion Loan IQ Alternate Reference Rates (ARR) module to manage new rates and to expand its lending business. The bank has also opted for…
DTCC Releases White Paper on Managing Post-Covid Risk
The Depository Trust & Clearing Corporation (DTCC), a provider of market infrastructure for the global financial services industry, has released a white paper identifying key priorities where financial market infrastructures (FMIs) should focus in the coming years to proactively and effectively manage risk in a post-pandemic environment. FMIs around the globe performed remarkably well amid unprecedented market…
ATP Goes Live with SimCorp’s SFTR Solution
ATP, Denmark’s largest public pension fund, has gone live on SimCorp’s cloud-based SFTR solution. ATP’s go-live coincides with the reporting start date for the third phase of SFTR, on January 11, where it joins several SimCorp clients who have smoothly transitioned to the cloud-based regulatory reporting platform, and successfully automated reporting to their chosen Trade…
DSB Seeks Views on UPI Fees
The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA), to facilitate the allocation and maintenance of ISINs, CFIs and FISNs for OTC derivatives, is calling on industry to respond to a first consultation on the fee model principles underpinning the Unique Product Identifier (UPI) service, which opened this week. The…
Fenergo Automates Client Onboarding Systems for Mizuho Americas
Mizuho Americas has deployed Fenergo client lifecycle management (CLM) software to automate Know Your Customer (KYC) and Anti-Money Laundering (AML) regulatory processes, digitalise workflows and accelerate client onboarding. The Fenergo implementation replaces manual processes and provides Mizuho Americas with a single, comprehensive view of customers across all business lines. Mizuho Americas’ parent, Mizuho Financial Group,…
SmartStream Reveals New Brand Identity
SmartStream Technologies, the financial Transaction Lifecycle Management solutions provider, has launched a new corporate brand identity, including an updated logo and website. The new logo includes the infinity symbol, selected to demonstrate the continual evolution of the business, in line with the rapid pace of industry change. CEO Haytham Kaddoura said: “We are proud of…
NICE Actimize Offers Advanced Facial Recognition Through FACEPOINT
NICE Actimize today announced that FACEPOINT, which provides a biometric risk screening engine offering facial recognition technology for advanced KYC and watch list risk screening, has joined its X-Sight Marketplace. FACEPOINT uses facial recognition to disambiguate potential matches, reduce false positive rates and identify emerging threats such as those posed by unnamed persons of interest…
GRI Calls for Strengthened Sustainability Reporting
The Global Reporting Initiative (GRI), the provider of some of the most widely used sustainability reporting standards around the world, has called for strengthened financial reporting that complements sustainability reporting and takes account of the financial risks and opportunities related to a company’s sustainability impacts – with mandatory disclosure to ensure transparency on corporate contributions…
Latest people
SmartSearch Appoints Former Dow Jones Executive as CEO
SmartSearch, an anti-money laundering specialist using electronic entity verification, has named Guy Harrison as CEO with responsibility to drive the company’s strategic growth plan. Harrison joins from Dow Jones, where he was general manager of the company’s risk and compliance business. He takes over the CEO role from SmartSearch CEO and founder John Dobson, who…
Kay Swinburne Named as Chair of the International Regulatory Strategy Group
Dr Kay Swinburne, vice chair of financial services at KPMG UK and former vice chair of the European Parliament’s Economics and Monetary Affairs Committee, has been named chair of the International Regulatory Strategy Group (IRSG). The role was previously held by former city minister Mark Hoban. The IRSG is focused on promoting regulation that encourages…
Léo Apotheker Joins Appway
Appway, a specialist in technology for workflow automation in financial services, has appointed Léo Apotheker as the first independent member of its board of directors. Apotheker was formerly CEO of German software giant SAP, and is also former CEO and President of Hewlett-Packard. He currently sits on the boards of a number of other leading…
Kavitha Venkita Joins ACA Compliance to Lead Cybersecurity
Kavitha Venkita has been appointed to lead ACA Aponix, the dedicated global cybersecurity and technology risk advisory team at ACA Compliance Group. Kavitha will oversee all aspects of the business, including cybersecurity advisory, cyber and technology risk diligence for financial sponsors and corporates, and vendor management. She has over 20 years of experience in launching,…
RIMES Appoints Former Nasdaq CIO Anna Ewing to Board
RIMES has appointed former Nasdaq CIO, Anna Ewing, to its board of directors as a non-executive director. Ewing will bring her expertise in Financial Services technology solutions to help RIMES further expand its Managed Data Services and build out its product roadmap for its proprietary and scalable technology and platform.During her career, Anna has established…
SmartSearch Appoints Martin Tuvey as Development Director
UK-based anti-money laundering (AML) firm SmartSearch has bolstered its global growth ambitions with the appointment of international development director Martin Tuvey to oversee its expansion into US and European markets. The role was created as part of the firm’s global business growth strategy. Tuvey brings with him insight into the US market having previously developed…
Arctic Intelligence Promotes Darren Cade to CEO
Australian RegTech firm Arctic Intelligence has promoted its longstanding COO, Darren Cade, to CEO; taking over from Artic Founder Anthony Quinn. Cade has an extensive risk management background including over 20 years in risk and operational leadership roles at Macquarie Bank, Deloitte and EY. He will focus on driving growth in key markets and industry sectors…
Gresham Technologies Continues APAC Expansion with Strategic Hire
Gresham Technologies Plc (Gresham) has appointed Joel Jerome as Director of Sales, APAC to grow the firm’s regional footprint. Globally, heightened market volatility, digital transformation and increased regulatory scrutiny are demanding better reconciliation and reporting of all data types. Jerome’s appointment in Singapore is an extension of Gresham’s commitment to meeting these challenges for existing…
Gresham Technologies Appoints New Board Members
Gresham Technologies has appointed Jenny Knott and Dr. Ruth Wandhöfer as Non-Executive Directors. The appointments follow the recent news of a Clareti Annualised Recurring Revenue (ARR) increase of 18% to £10.7 million and a significant new Tier 1 bank win during H1 2020. Knott is the co-founder of FinTech Strategic Advisors, and has previously held…
Gresham Technologies Pushes International Growth with Senior European Hire
Gresham Technologies plc (Gresham), has appointed Vincent Him as Sales Director, Europe to grow the firm’s global footprint. Previously holding Senior Sales positions at SmartStream and Duco, Him brings almost 25 years’ experience across the post-trade reconciliations industry to the role. He will be responsible for driving growth across Europe, and for growing existing customer partnerships…
ACA Compliance Group Hires Ron Weekes as Mirabella CEO
ACA Compliance Group (ACA), a provider of governance, risk, and compliance advisory services and technology solutions, has appointed Ron Weekes as CEO of Mirabella, the firm’s regulatory hosting platform. He replaces Mirabella founder and CEO Joe Vittoria, who will assist in the transition over the coming months. Weekes has been a Partner and the European…
Wolters Kluwer FRR Hires VP of Sales and Business Development for China
Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) business has hired Benjamin Jing as Vice President of Sales and Business Development for its operations in China. Jing previously worked for Vanda Group (part of PCCW Solutions), as Assistant Vice President in charge of more than 100 staff in its Financial Services unit. He has also…
SteelEye Names Rob Friend as COO
SteelEye, the holistic compliance technology and data analytics firm, has appointed Rob Friend as Chief Operating Officer, effective immediately. As the company plans for expansion into North America and Asia Pacific, and a Series-B fundraise to support further growth, Friend joins to scale SteelEye’s operations. Prior to joining SteelEye, he spent 12 years at Bloomberg,…
Delta Capita Appoints Head of Regulatory Change
Managed services firm Delta Capital has hired Karan Kapoor as its new Head of Regulatory Change and Technology. Kapoor has over a decade of experience in bank regulation-driven business and technology change management, spanning CSDR, Dodd Frank, MIFID II, Basel III and EMIR. Most recently he managed the CSDR initiative at a global investment bank where…
CubeLogic Makes Two Executive Hires
CubeLogic, a provider of enterprise risk management solutions for the energy, commodities, and financial services industries, has hired David Baker as Group Chief Technology Officer and John Harris as Chief Operations Officer for the Americas region. These are both new roles which have been instated due to growing client demand and rapid business expansion. Baker…
Featured
FEATURED WEBINAR
Upcoming Webinar: The future of KYC and AML: How to tackle the challenges and gain the opportunities of perpetual KYC
Date: 24 March 2022 Time: 11:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes 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…
FEATURED EVENT
RegTech Summit APAC
Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.
FEATURED GUIDE
Regulatory Data Handbook 2021/2022 – Ninth Edition
Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to…
Top White Papers
Next-Generation Network and Vendor Management: mitigating operational risk in relationship networks
The complex network of relationships that financial institutions have built with multiple partners has created a huge operational burden, resulting in significant operational risk as well as financial and compliance risk. Dating back decades, many of these relationships are now managed as a separate business function, costing organisations millions of dollars. Add in regulatory obligations,...
Practical Data Strategies for meeting ESG Obligations in Financial Services
The ESG investing landscape is poised to become more defined, as competing definitions, standards and regulatory initiatives start to converge. The impact of ESG will be felt far and wide across the financial services community, which will face practical challenges in developing and implementing an ESG strategy that is both effective and avoids box-ticking –...
Data integrity: Your key to confidence in a complex regulatory environment
Despite the recent challenges of the Covid pandemic, regulators have made it clear that they will not accept reporting errors, particularly those that are related to data. Enforcement is more stringent, scrutiny is more in-depth, and the pressure is on to ensure – and demonstrate – that the data underpinning your reporting and activities is...
Events and webinars
Recorded Webinar: Preparing For Primetime – How to Benefit from the Global LEI
This webinar has passed, but you can view the recording here. Much has been made of the initiative to create a global standard legal entity identifier (LEI). Its backers have taken great pains to explain how the new identifier will improve transparency and contribute to the ongoing regulatory war against systemic risk. After months of...
Recorded Webinar: Practical Applications of the Global LEI – Client On-Boarding and Beyond
This webinar has passed, but you can view the recording here. With the March ‘launch’ of the global legal entity identifier (LEI), the marketplace now officially has a standard it can use for managing entity data. Post-Credit Crunch, the lack of such a standard has forced firms to embark on their own initiatives to create...
Recorded Webinar: FATCA – The time to act is now
This webinar has passed, but you can view the recording here. The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year, but with the exception of a few modifications the legislation...
Top Knowledge Hub picks
MiFID II
Markets in Financial Instruments Directive II (MiFID II) builds on the original MiFID of 2007 to improve the competitiveness of European markets by creating a single market for investment services and activities, and ensuring protection for investors in financial instruments. Read everything you need to know and get access to all related content.
Regulatory Reporting
Regulatory reporting comprises the submission of raw or formatted data as required by regulators to evaluate and track the financial and operational status of financial institutions and their compliance with required regulatory provisions. Find out all about it in our Knowledge Hub.
Market Abuse Regulation (MAR)
The Market Abuse Regulation (MAR) provides an EU-wide regulatory framework on market abuse, including measures to enhance the attractiveness of securities markets for capital-raising through the prohibition of practices such as insider dealing, unlawful disclosure of inside information and market manipulation. Find out more and access all our key resources here.
Awards
RegTech Insight Awards Europe
The call for entry/nomination phase in the annual RegTech Insight Awards Europe is now CLOSED!. These awards recognise both established solution providers and innovative newcomers, seeking to herald and highlight RegTech solutions that throughout the year have successfully improved firms’ ability to effectively respond to the evolving and ever more complex regulatory requirements across the global financial services industry.
