Editor’s pick
Two Golden Sources: How Will the New FCA FIRDS System Hold Up Post-Brexit?
At the end of 2020 the UK’s Financial Conduct Authority (FCA) lost access to the EU’s MiFID database: instead launching its own FIRDS system. It’s a big change, and it could have a significant impact on the way firms are able to manage their transaction reporting requirements. The new FCA FIRDS database was built to...
Top Blogs
ACA Compliance Group Launches New Global ESG Practice
ACA Compliance Group (ACA) today launched a specialist global environmental, social, and governance (ESG) advisory practice, headed up by Dan Mistler, who joins ACA from ESG and environment firm, Bridge House Advisors. Sustainability and responsible investing increasingly appear on the agendas of global political leaders, regulators, and firms alike. According to President-elect Joe Biden, the U.S. will...
Two Golden Sources: How Will the New FCA FIRDS System Hold Up Post-Brexit?
At the end of 2020 the UK’s Financial Conduct Authority (FCA) lost access to the EU’s MiFID database: instead launching its own FIRDS system. It’s a big change, and it could have a significant impact on the way firms are able to manage their transaction reporting requirements. The new FCA FIRDS database was built to...
Q&A: The Future of Regulatory Reporting
Tom Wieczorek, MD of Global Product Management at UnaVista, part of the London Stock Exchange Group, gives us his unique insights into the key challenges and opportunities within today’s rapidly evolving regulatory reporting environment – and what firms should be doing to stay ahead. What are the key functional challenges for those seeking to implement...
Latest briefs
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…
Global Financial Institution Fines for AML, Data Privacy and MiFID Rise 26%
CLM specialist Fenergo has released its annual findings on global financial institution fines which show that for the year to date, penalties have totalled $10.4 billion for non-compliance with AML, KYC, data privacy and MiFID regulations. The total volume of fines levied to financial institutions for these breaches was 198, a year-on-year increase of 141%….
UK’s RegulAItion Wins Singapore FinTech Accelerator
UK-based data platform company RegulAItion has won the Monetary Authority of Singapore (MAS) 2020 Global Fintech Hackcelerator, competing against over 270 submissions from across more than 40 countries. To secure the win, RegulAItion successfully demonstrated how its ground-breaking AIR platform can enable the financial sector to respond to two of its most pressing global challenges…
Know Your Customer Partners with Refinitiv on AML/KYC Solution
RegTech provider Know Your Customer has confirmed a new partnership with Refinitiv, to integrate Refinitiv’s World-Check risk intelligence data into its own client onboarding solutions. The partnership will enable clients to leverage both Refinitiv’s and Know Your Customer’s solutions through one integrated interface. Compliance professionals will now be able to access Refinitiv’s world-leading financial crime…
Kyckr Launches Company Watch
San Francisco-based RegTech firm Kyckr this week launched the international rollout of its new SaaS technology platform, Company Watch, which gives clients notification of material changes at a frequency that suits them, enabling them to move from periodic to perpetual, event-driven KYC and remove unnecessary customer interaction. The launch expands the firm’s KYC solutions suite from…
Kompany Joins TruNarrative App Store
RegTech platform TruNarrative has partnered with business verification & KYC specialist kompany to add the Austrian RegTech’s digital onboarding solutions to the TruNarrative App Store.TruNarrative’s partnership with the kompany data network means its customers can now access entity information directly from the primary source, reducing manual KYB processes and enabling a low friction digital onboarding…
Compliance.ai Closes $3m Funding Round
Regtech firm Compliance.ai has raised raised $3 million in a Series A funding round led by Cota Capital, an existing investor in the company. The funding round brings Compliance.ai’s total funding to $10 million.
FCA: One Month to Go till LIBOR Ends
The FCA has reminded firms to be ready for the end of the transition period in one month’s time. When the transition period ends at 11pm on December 31, firms will need to be prepared for a number of changes to the regulatory environment in which they operate. EU laws will no longer apply and…
Latest people
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…
Wolters Kluwer Finance, Risk & Reporting Hires Co-Head of Sales & Account Management for APAC
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has hired Mourid Nasri as Co-Head of Sales & Account Management for the Asia Pacific (APAC) region, based in Singapore. Nasri joins Wolters Kluwer from Moody’s Analytics where he was Senior Sales Director for South East Asia. During his 10 years with Moody’s Nasri worked across a…
RegTech Associates Appoints New Advisory Board Members
RegTech Associates has appointed Janet Adams (Head of Strategic Projects and Performance, Business Banking at TSB) and Ian Hollowbread (Head of RegTech at ING Labs, London) to its Industry Advisory Board, with the remit of providing strategic oversight to the company as it expands. Ian Hollowbread comments “Meeting global regulatory requirements is a challenge that all…
Eventus Confirms Four Senior Appointments
Eventus Systems, a global trade surveillance and risk management software platform provider, has appointed Perry Barth as Chief Financial Officer (CFO), Dan Burton as Vice President of Engineering, Nolan Schiff as Director of Relationship Management and Sharad Kumar as Sales Engineer. Barth and Burton will be based in Austin, TX, reporting to Eventus CEO Travis…
André Helfenstein Joins the Board of Directors of SIX
Shareholders at SIX’s AGM yesterday elected André Helfenstein to the Board of Directors. He becomes the representative of Credit Suisse with immediate effect, replacing Thomas Gottstein. The 53-year-old Swiss and British citizen is CEO of Credit Suisse (Switzerland) and a member of the Executive Board of Credit Suisse Group, responsible for the bank’s entire Swiss…
Featured
FEATURED WEBINAR
Upcoming Webinar: Developing operational resilience
Date: 25 March 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Financial institutions’ operational resilience – essentially the ability to prevent, adapt and respond to, and recover and learn from operational disruptions – has come under extreme pressure during the coronavirus pandemic, with last year’s March lockdown creating unprecedented circumstances…
FEATURED EVENT
FEATURED GUIDE
RegTech Suppliers Guide 2020/2021
Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a…
Top White Papers
Financial Markets Operations Response to COVID-19: Best Practices for Working from Home
The COVID-19 pandemic is disrupting all walks of life, and carries with it implications for society beyond even the obvious and immediate health impact. Business is being hit across the board, with many corporations sending staff home in an effort to keep them both safe and working. It’s clear that firms can’t rely on a...
Addressing the Reference Data Challenges of SFTR
The EU’s Securities Financing Transactions Regulation (SFTR), which comes into effect in April 2020, is a data-heavy transaction reporting regulation along the lines of MiFIR and EMIR, but has a significant reference data element as well. The regulation is extensive, with some 150 data fields in its mandatory regulatory reports, a dozen of which will...
Trade Surveillance and Mobile Recording in the Era of Data Privacy
The EU’s MiFID II and other regulations globally have placed greater emphasis than ever on market surveillance, recording of trading communications and records-retention processes in an attempt to stamp out market abuse and boost investor confidence and protections. At the same time, the public’s attitude toward data privacy has hardened, most visibly through new regulations...
Events and webinars
RegTech Summit New York City
Now in its 5th 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 moreRegTech Summit London
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.
Find out moreRegTech Summit Virtual
The RegTech Summit Virtual is a global online event that will be held in May 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.
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 USA
The RegTech Insight Awards – USA celebrate providers of leading RegTech solutions, services and consultancy. These awards are uniquely designed to recognise both start-up and established providers who are creatively finding solutions to help with regulatory challenges, and span a wide range of regulatory requirements.
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