Editor’s pick
The Trials, Tribulations and Potential Benefits of FRTB Compliance
Fundamental Review of the Trading Book (FRTB) regulation is more prescriptive than former Basel 2.5 market risk requirements, calls for a consistent workflow across risk, finance and the front office, and needs firms to source previously unused and difficult to find data – challenges that many banks have yet to conquer ahead of the January...
Top Blogs
SimCorp Partners SIX on Sanctions Service
SimCorp and SIX have partnered to add the latter’s Sanctioned Securities Monitoring Service to the former’s Compliance Manager module of SimCorp Dimension. The aim is to give SimCorp users access to global sanctions data directly from SIX, allowing them to detect breaches against supported sanction regimes. The Sanctioned Securities Monitoring Service from SIX provides a...
Refinitiv Details Ongoing Commitment to KYC and Fighting Financial Crime
Refinitiv is back on track following its decision to withdraw its KYC as a Service offering with plans to focus on its World Check, Media Check, Extended Due Diligence and recent partnership with Trulioo on digital entity solutions to meet customer needs for Know your Customer (KYC), due diligence and third-party risk management. The company...
Refinitiv Addresses Money Laundering through Partnership with Napier
With financial crime a key agenda issue at financial institutions, Refinitiv has partnered Napier, a provider of anti-money laundering (AML) and intelligent compliance software, to offer a next-generation transaction monitoring solution designed to help firms tackle money laundering and combat emerging threats of financial crime. The partnership offers Napier’s analytics, automation and artificial intelligence (AI),...
Latest briefs
Broadridge Introduces Change Management Service for SFTR
Broadridge Financial Solutions has introduced a change management service to help companies design target operating models that are compliant with Securities Financing Transactions Regulation (SFTR). The service provides a blueprint for front-to-back changes to overall architecture, organisational structure, business processes and location strategy. The company is also offering project management, business analysis and testing support…
Fenergo Enters Taiwanese Market in Tie Up with TUNG-I
Fenergo has entered the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I), a provider of solutions powered by artificial intelligence (AI) in finance, information security, private cloud implementation and smart retail. As an exclusive client lifecycle management partner (CLM), Fenergo will provide TUNG-I’s current and prospective Taiwanese clients access to Know Your Customer…
eXate enables ‘Privacy by Design’ in OpenFin OS
Desktop interoperability platform OpenFin has added eXate’s data privacy capabilities to its operating system to ensure compliance with the EU’s GDPR, which came into force a year ago and requires that new applications are designed with privacy considerations factored in from the outset, a so-called ‘privacy by design’ approach. eXate restricts data only to authorised…
Colt Deploys ADVA to Add Encryption for GDPR Compliance
High-performance trading connectivity specialist Colt Technology Services has added an Ethernet Line Encryption service to help organisations comply with new data privacy rules, particularly the EU’s GDPR, as firms seek to protect their data during transport from cyberattacks. The new Colt solution uses the ADVA FSP 150 with ConnectGuard security technology, which provides end-to-end data…
LCH RepoClear Selects UnaVista as Trade Repository for SFTR Reporting
LCH RepoClear has selected UnaVista as its trade repository for reporting under Securities Financing Transaction Regulation (SFTR). LCH Group’s collateral and liquidity management function will also use UnaVista for SFTR reporting. The regulation is scheduled to go live in April 2020 and will require firms to report details of their Securities Financing Transactions (SFTs) to…
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…
Latest people
Financial Machineries Makes Three Strategic Appointments
Financial Machineries, a provider of data lineage, sourcing, digital rights management and commercialisation of contributed market data, has appointed Keiren Harris, Frank Verstraeten and Daniel Muri to its team. They bring industry experience, regional insight, and networks of professional contacts from across APAC and continental Europe to the company, which is accelerating its ambition to…
Refinitiv names William Leahey as Head of Regulatory Compliance for Wealth Management
Refinitiv has appointed William Leahey as head of regulatory compliance for wealth management. In this role, Leahey will lead all regulatory activities for the wealth management business, identifying key regulatory developments, risks and initiatives for customers. Before joining Refinitiv, Leahey was vice president and assistant general counsel of the operations and technology group at the…
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…
Featured
FEATURED WEBINAR
Upcoming Webinar: Senior Managers and Certification Regime (SMCR) – challenge or opportunity?
Date: 11 July 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Are you ready to meet the requirements of the Senior Managers and Certification Regime (SMCR) when it comes into force for all firms authorised by the Financial Conduct Authority (FCA) in December 2019? Have you allocated all your staff to one of…
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 moreRegTech 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 moreRegTech 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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