Editor’s pick
Fenergo Builds National KYC Utility with Bahrain’s Electronic Network for Financial Transactions
The Kingdom of Bahrain has set out to improve financial institutions’ client onboarding and minimise fraud through a partnership with Fenergo. Bahrain’s Electronic Network for Financial Transactions (BENEFIT) is working with the vendor to design and implement a national Know Your Customer (KYC) utility that incorporates blockchain technology. The utility platform will support sectors including...
Top Blogs
How to Meet the Data Rules and Requirements of Fundamental Review of the Trading Book Regulation
Implementation of Fundamental Review of the Trading Book (FRTB) regulation is complex, demanding and time consuming, but can be achieved by setting priorities, working with external data vendors, and taking best practice approaches to the data management challenges presented by the regulation. A well-attended A-Team Group briefing hosted at the Glaziers Hall in London, Meeting...
Fenergo Finds Outdated Technology Preventing Investment in Disruptive Technologies
Fenergo has published the final installment of its three-part Client Lifecycle Management Trends Report – Disrupt the Disrupters and the findings are rather gloomy in an industry that needs to drive towards digitalisation to sustain success. According to the research, 20% of C-suite executives in banks say the lack of maturity of their technology infrastructure...
How Process Mapping is the Starting Point for Effective KYC Automated Solutions
By Oliver Parris, Pre-Sales Consultant, encompass corporation. Your business knows that process automation will give you a strategic advantage but how do you begin to create this vision? How is all the detail of your complex Know Your Customer (KYC) process accurately captured in order to form a foundation for the journey towards automation? What...
Latest briefs
Red Box Partners Theta Lake to Detect Voice Compliance Risks
Red Box, a voice specialist, has partnered Theta Lake, a provider of compliance artificial intelligence (AI) for video, voice, and unified digital communication. The partnership allows Red Box customers to use Theta’s purpose-built AI and deep learning powered software to automatically detect compliance risks in their recordings and reduce the cost and complexity of managing…
StatPro Signs €1.2 Million Contract
StatPro, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a three-year contract, including a significant uplift in annual value, with a EU investment manager for Revolution Delta. The minimum contract value is €1.2 million. The investment manager uses Revolution Delta, StatPro’s flagship fixed income service,…
Investment Association Names Five Firms Joining Velocity Innovation Hub
The Investment Association has named the second cohort of FinTech firms joining its Velocity innovation hub for the buy-side and asset management industry: AxeTrading, a fixed income EMS delivering toolkits for trading connectivity, bonds pricing and data aggregation; BlueFireAI, which unlocks Chinese capital markets to foreign institutional investors; CUBE, an enterprise-scale platform delivering regulatory intelligence…
Oktris Offers MiFID II Transparency Reporting Services
Start-up regulatory reporting firm Oktris is offering MiFID II services beyond transaction and post-trade reporting with software-as-a-service solutions covering transparency calculation data reporting, instrument reference data reporting, and best execution reporting. The company also provides an ESMA and FCA Financial Instruments Reference Data System (FIRDS) solution that automates the task of taking large datasets from…
Asian Banks Struggle with FRTB
Banks across Asia are widely divergent in their implementation of Basel III rules, including the new Fundamental Review of the Trading Book (FRTB) regime. Panellists at the recent International Swaps and Derivatives Association (ISDA) conference in Hong Kong warned that this divergence is creating uncertainty, with some banks implementing the new rules to a high…
AxiomSL Achieves ISO Certification
AxiomSL, a global provider of regulatory-reporting, risk and data-management solutions, has received ISO/IEC 27001:2013 certification (known as ISO 27001). The certification covers AxiomSL’s core software and ControllerView flagship product, its system development, professional and client support services and company operations. It also covers AxiomSL’s cloud-based solutions, operations and client support. Companies receive this certification following…
Accuity Adds AI to Financial Crime Compliance Screening
Accuity has introduced an AI-driven account screening capability, Firco Automated Alert Reduction, aimed to increase accuracy in detecting and evaluating screening matches during Know Your Customer (KYC) processes. The solution results from Accuity’s acquisition of Safe Banking Systems in July 2018 and has been optimised through integration with WorldCompliance data. Rather than leaning on manual…
Sequantis Expands RegTech Offering
Sequantis, the French specialist in services and tools to help investors effectively monitor their financial investments within the accounting and regulatory rules framework, has announced the expansion of Sequantis Look-Through (LT), its RegTech company. With expertise in regulations analysis and compliance assistance, Sequantis LT was founded by Sequantis partners Nicolas Fournier and Olivier Durquety. The…
Australia To Invest $390m in Financial Regulation
Australia’s new budget will include an additional AUD550 million ($390 million) to boost funding for policing the country’s financial sector, according to Reuters, citing Treasurer Josh Frydenberg. The funds will finance the implementation of recommendations issued earlier this year by a government-appointed Royal Commission enquiry into financial sector greed and malpractice. The recommendations include a…
Fiorano Partners with Konsentus for PSD2 Compliance
Fiorano Software, a specialist in enterprise middleware, integration and API management, has added Third Party Provider (TPP) Identity & Regulatory checking services from Konsentus, a UK-based Regtech company providing live SaaS-based APIs to check TPP identity and regulatory status, to its ready-to-deploy PSD2 platform to provide enhanced support to institutions working towards PSD2 compliance. Whilst…
Union of Arab Banks Calls for Increased RegTech Investment
FinTech has been enthusiastically adopted by local banks but the Middle East region is lagging behind on Regtech investment, warned Wissam Fattouh, who is also Chairman of the MENA Financial Crime Compliance Group. Speaking at a MENA Regulatory Summit in March, Fattouh urged greater investment in regtech applications, without which he warned that firms would…
Sanlam Asset Management Selects AQMetrics to Provide AIFMD Reporting
Sanlam Asset Management (Ireland) has selected AQMetrics to provide AIFMD Annex IV regulatory reporting for its funds. Sanlam will utilise AQMetrics software technology to automate Annex IV reporting, having deemed the AQMetrics platform the most scalable and robust technology best suited to fit the firm’s requirements as the regulatory landscape evolves. The announcement marks the…
CellTrust SL2 Reports 1900% YOY Revenue Growth
US-based CellTrust Corporation, which provides enterprise mobile communications compliance solutions, on March 25 announced a 1900% growth in revenue for 2018 over 2017. “As the RegTech market rapidly expands around the world, CellTrust is meeting the technology and geographic mobility demands,” explained Sean Moshir, CellTrust’s Chairman and CEO. “The number of financial enterprises and countries our SL2…
Binance Partners with IdentityMind to Enhance Compliance
IdentityMind, a risk management and RegTech compliance platform offering KYC and AML service including real-time onboarding, transaction monitoring, and case management solution built for digital currency exchanges, in March announced a new partnership with Binance, the world’s biggest cryptocurrency exchange by trading volume and users. As part of a joint mission to help raise the…
Clausematch Opens Asia-Pacific HQ
London-based ClauseMatch, which provides a Software-as-a-Service solutions that automates compliance management for banks and financial institutions, is expanding into Asia Pacific with the launch of new headquarters based in Singapore. The firm has also teamed up with local platform RegPac Revolution to gain networking connectivity and traction in the region. Arathi Arul, VP for Business…
Latest people
Ascent RegTech Hires New CEO
Ascent RegTech on April 15 announced the hiring of Arbela Takhsh as Chief Operating Officer. Arbela has held various engineering and operational leadership roles at Motorola, Google, Comcast, and most recently as Senior Vice President of Operations Excellence, Quality, and Data Analytics & Business Intelligence at Gogo. The Ascent team has grown rapidly since the…
DTCC Adds Three New Members to Board of Directors
The Depository Trust & Clearing Corporation (DTCC), a provider of post-trade infrastructure for the global financial services industry, on April 9, 2019 announced the election of three new members to DTCC’s Board of Directors during the firm’s Annual Shareholders Meeting. The new directors are Kieran Hanrahan from JP Morgan Chase’s Corporate and Investment Bank, Graeme…
Alex Ceponkus Joins Exiger
Global regulatory and financial crime, risk and compliance company Exiger has named Alex Ceponkus as Senior Vice President and Global Head of Software Engineering of Exiger Tech, based in Toronto. Ceponkus’ new role will be to drive innovation, scale and delivery of Exiger’s technology solutions and increase the reach of its product suite (including its…
SmartStream Technologies Forms New Team
Transaction Lifecycle Management solutions provider SmartStream this week announced a new strategic focus in line with the new FSA (now PRA) rules governing liquidity management for UK and foreign branches. In response to the new regulations, SmartStream has appointed Nadeem Shamim to lead cash and liquidity management solutions globally. Prior to SmartStream, Shamim was Managing…
RIMES Appoints Andrew Barnett as New Global Head of Product Strategy
RIMES Technologies, a provider of managed data and RegTech services for the financial sector, has appointed Andrew Barnett as its Global Head of Product Strategy. Barnett will bring to bear his extensive experience in both the end-user and vendor sides of the market to help RIMES continue its growth trajectory. Barnett has previously held a…
Dash Names Venu Palaparthi as Chief Compliance Officer
US-based Dash Financial Technologies, which provides multi-asset trading technology and execution services platforms, has appointed Venu Palaparthi as its new Chief Compliance officer. Palaparthi has held senior roles at several major firms including Tagomi, Virtu, Nasdaq and Instinet. He is the latest senior hire for Dash over the last 12 months, including last June’s hiring…
Fenergo Hires James Follette as Global Head of Commercial and Retail Banking
Following its recent expansion into the commercial and retail baning space, client lifecycle management solutions provider has appointed James Follette as its new Global Head of Commercial and Retail Banking. Follette was formerly responsible for client onboarding and know your customer (KYC) transformation at Citi.
Control Risks Makes Strategic Compliance Hire
Specialist risk consulting firm Control Risks has appointed John Lash as Principal in its Compliance, Forensics and Intelligence practice. Lash will be based in Washington DC and is an expert on cross-border M&A. His hire will assist Control Risks to manage global trade compliance capabilities at a time when its clients are facing evolving and…
BNP Paribas Seeks RegTech Lead
BNP Paribas is advertising for a RegTech consultant, based in Paris, to support its Corporate and Institutional Banking (CIB) division in all projects relating to the digital transformation of their activities, with a focus on the needs of the trading desks. The hire will join the CIB Consulting RegTech Team, which is developing to support…
NuBox Hires New CTO
Pablo Vittori has joined NuBox, the biggest provider of small business financial software-as-a-service (SaaS) in Latin America. Vittori will spearhead the firm’s next expansion phase, focusing on big data, artificial intelligence and machine learning. Before joining NUBOX, Pablo worked as a CTO On Demand, helping companies around Latin America reshape their digital teams, implement processes…
BearingPoint Seeks New Consultant
Global management and technology consulting firm BearingPoint, which offers RegTech solutions including SFTR and MiFID II reporting compliance, is looking for a new Junior RegTech Consultant to implement and advise on its financial services solution for supervisory and regulatory reporting solution, ABACUS.
Refinitiv Names Sherry Madera as Global Head of Industry and Government Affairs
Refinitiv has named Sherry Madera as global head of industry and government affairs with a view to enhancing its engagement across government, policy initiatives, industry trends and regulatory developments. Madera joins Refinitiv from the City of London Corporation and has over 20 years’ experience across both the public and private sectors, including corporate finance, banking,…
RegTek.Solutions Hires ex-IHS Markit Exec Chris Cornish to Strengthen SFTR team
RegTek.Solutions has hired Chris Cornish as a consultant business analyst based in London. He joins from IHS Markit where he was a senior business analyst and a Securities Financing Transaction Regulation (SFTR) specialist. He was previously at ICBC Standard Bank, where he worked on SFTR implementation. At RegTek.Solutions, Cornish will focus on Validate.Trade, a product…
Accuity Promotes David Wilson to Role of MD and CEO
Accuity has promoted David Wilson to the role of managing director and CEO with responsibility to deliver innovative solutions for payments, risk and compliance, develop strategic partnerships, and deliver high quality client service. He steps up to the role after 18 months as chief operating officer (COO) at the provider of financial crime compliance, payments…
Andreas Shneble Joins IDNow
Andreas Shneble has joined German KYC specialist IDNow as Head of Marketing. Based in Munich, IDNow combines AI, facial recognition and machine learning to deliver instant identity verification through its KYC platform, in compliance with EU-wide regulations. Schneble joins from Rocket Media House, an advisory firm he founded in 2016. He was previously Director of…
Featured
FEATURED WEBINAR
Upcoming Webinar: FRTB: Laying the groundwork for compliance
Date: 6 June 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has…
FEATURED EVENT
RegTech Summit London
Now in its 3rd 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.
FEATURED GUIDE
RegTech Suppliers Guide 2019
Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering…
Top White Papers
Solving the KYC & AML Challenge for Cryptocurrencies, Tokens & ICOs
The cryptocurrency market is at an inflection point. It has gained substantial momentum from early investors (private & retail), day traders and prop shops but it has so far failed to get substantive engagement from wider institutional players. The crypto marketplace today is a mix of exchange and OTC-traded activity with little of the market...
Getting eComms Surveillance Right
Demand for electronic communications (eComms) surveillance has risen in response to regulatory requirements and compliance needs to pinpoint problems such as market abuse without wasting time and resources reviewing false positives. Innovative technologies such as machine learning, natural language understanding (NLU) and other strands of artificial intelligence (AI) are improving financial services firms’ ability to...
Quantity vs. Quality: An Evolving Research Paradigm
A revolution is under way in how buy-side firms conceptualize value in the research they consume. However, sell-side houses may be behind the curve in recognizing this. Driving this change in perception among buy-side firms is the EU’s Markets in Financial Instruments Directive II (MiFID II). Under MiFID II, buy-side firms have to pay for...
Events and webinars
Breakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
Find out more
RegTech Summit New York City
Now in its 3rd year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out more
RegTech Summit London
Now in its 3rd 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.
Find out moreTop 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
The RegTech Insight Awards recognise the best of the best in the RegTech industry. Find out how to vote, enter or see the past winners.
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