Editor’s pick
Taming the Regulatory Beast with Advanced Data Integration Techniques
The last decade has seen the emergence of an increasingly complex regulatory environment – one that demands an unprecedented level of data access and integration, for which, it seems, the both the industry and its regulators remain surprisingly under-prepared. A recent white paper from JWG and MarkLogic entitled ‘Ready for Digital Regulation?’ predicts that there...
Top Blogs
Evidology Systems Breaks the Mould with New Argument-Based Compliance Approach
Rupert Brown, CTO of Evidology Systems, thinks that the industry is in trouble. With a lack of inspiration and a mountain of documentation, financial services firms are failing to handle their evolving regulatory requirements in an efficient manner – and compliance checks form a crucial part of that transition. “We stopped innovating in 2008,” he...
Speeding up the Onboarding Experience, FactSet-Style
This week’s RegTech Summit in New York welcomes an array of leading-edge innovators to discuss the biggest issues, challenges, innovations, and opportunities in the RegTech industry today. One of these is the tricky question of how to digitise the customer experience with KYC and AML technology, and joining us to discuss the issue is Ali...
SEC Extends MiFID II Exemption Once Again, FCA Approves for UK Dealings Post-Brexit
The US Securities and Exchange Commission has once again extended its October 26, 2017 no-action letter allowing US banks to sell research directly to European fund managers under MiFID II without registering as investment advisors. Set to expire on July 3, 2020, the letter has been extended for a further three years to July 3,...
Latest briefs
CFTE Launches RegTech Book, Online Course
The UK-based Centre for Finance, Technology and Entrepreneurship (CFTE), a platform providing online learning for the FinTech space, has announced the launch of a targeted new online RegTech course providing a “thorough foundation of regulatory technologies” through eight hours of video content, curated readings and online assessment. The announcement was made at the London launch…
SteelEye Launches RegTech Glossary
London-based regulatory compliance and data analytics firm SteelEye has published a new RegTech glossary that aims to demystify the complex language of the RegTech sector. The online guide aims to assist professionals to navigate the most common terminology, abbreviations and jargon across the evolving regulatory landscape.
Charles Stanley Selects Red Deer for MiFID II Research Compliance
Charles Stanley, a UK wealth management firms with £24.4 billion AUM, has selected Red Deer’s Research Management solution to integrate MiFID II compliance across its investment process. The solution captures and attributes research consumption across all channels including email, chat and voice, while its Outlook plugin and mobile application achieves compliance quickly and with minimal…
Fenergo Launches Digital KYC
Fenergo today announced the launch of a new product enhancement, Digital KYC, a real-time, rules-driven, API-enabled KYC solution enabling financial institutions to automate and perpetuate KYC compliance reviews. The product works with existing client lifecycle management (CLM) solutions, automating continuous customer due diligence (CDD) reviews for low to medium-risk clients and reducing the need for…
US Regulators Join Global Financial Innovation Network
The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) have confirmed their membership of the Global Financial Innovation Network (GFIN). They join 46 other financial authorities, central banks, and other international organisations with the goal of fostering greater…
Glue42 Partners with RocketFin on Behaviour Mining for Regulatory Requirements
Desktop solutions provider Glue42 has formed an implementation partnership with RocketFin Consulting to help the former extend its capabilities from classic interop into the world of business analytics, insight and process optimization in the field of regulatory compliance, particularly around MiFID II and CAT. Joint customers can expect improved support for common financial procedures and…
FCA Authorises Bloomberg Index Services as a Regulated Benchmark Administrator
The UK Financial Conduct Authority (FCA) has authorised Bloomberg Index Services Limited (BISL) as a regulated UK benchmark administrator under the European Union Benchmark Regulation. BISL has conducted index administration since 2014, including serving as the administrator of the Bloomberg Barclays fixed income indices. In addition, it administers the Bloomberg Commodity Index, the UBS Bloomberg…
EU Considers Including FX Spot Trading Under MAR
The European Commission (EC) is reportedly considering a move to bring foreign exchange spot trading in scope of the Market Abuse Regulation (MAR). As part of a regulatory review, the EC has asked ESMA to consult with the industry on whether FX spot transactions should fall under the three-year old market abuse rules. The consultation,…
Continuity Acquires TraceRisk Enterprise Risk Management Platform
Continuity, a US-based provider of regulatory technology and compliance management systems (CMS) for financial services organisations, has acquired Ohio-based TraceRisk, a provider of cloud-based enterprise risk management (ERM) solutions. With technical integration efforts now underway, Continuity becomes the first provider to connect the strategic aspects of enterprise risk management to the tactical oversight of compliance…
Standard Charted Bank Launches Bearing Point Tax Solution
BearingPoint RegTech has confirmed that Standard Chartered Bank has successfully deployed the tax reporting solution FiTAX to fulfill its global reporting obligations. These include CRS (Common Reporting Standard), FATCA (Foreign Account Tax Compliance Act) and QI (Qualified Intermediaries) reporting.
SmartSearch Receives Growth Equity Investment from Marlin Equity Partners
AML specialist SmartSearch has received a growth equity investment from Marlin Equity Partners, an investment firm with a long track record of backing software innovation. SmartSearch enables organisations to carry out AML checks without requiring clients to provide identity documents, with individual AML checks taking less than 30 seconds and business checks taking less than…
Clausematch Enters Italy with Banca Intesa Sanpaolo Partnership
Following a meeting at a FinTech Innovation Lab hosted by Banca Intesa Sanpaolo, the bank has implemented implemented the ClauseMatch platform within its Cost Management Office governance area. An advanced online document management and collaboration solution, the space is designed to optimise and streamline the process of creating and managing intra-group service contracts.
ACA Compliance Opens New Office in Birmingham
GRC tech specialist ACA Compliance has expanded its European presence with an office in Birmingham, UK. Key to the services offered from the new location will be ACA’s Analysis and Review Centre (ARC). The ARC helps to reduce the workload of Chief Compliance Officers (CCOs) and in-house compliance teams by allowing them to pass on…
SmartSearch Wins Equity Investment
RegTech software provider and AML specialist SmartSearch has received a growth equity investment from Marlin Equity Partners, a global investment firm with a substantial software funding track record. SmartSearch enables organisations to carry out AML checks without requiring clients to provide identity documents. Its automated verification approach allows individual AML checks to be processed in…
FSB publishes UPI governance arrangements
The Financial Stability Board (FSB) has published a report on governance arrangements for the Unique Product Identifier (UPI). The UPI will uniquely identify the product involved in OTC derivatives transactions reported to trade repositories. This will help authorities aggregate data on OTC derivatives transactions by product, allowing the effective use of OTC derivatives trade reporting…
Latest people
All Change at the Bank for International Settlements
The Bank for International Settlements (BIS) has named Jerome Powell, chair of the Federal Reserve System, as chair of the Global Economy Meeting and Economic Consultative Committee. He succeeds Mark Carney. John Williams, president of the Federal Reserve Bank of New York, becomes chair of the BIS Consultative Council for the Americas. Sir Jon Cunliffe,…
Finantix Appoints Two Senior Hires to European Team
Technology provider Finantix technology has appointed two further senior hires as part of the Finantix Swiss-based team. Albert Iselin joins as Executive Director for DACH (Germany, Austria, and Switzerland) and Anja de Troyer joins as Client Product Manager, both with the remit to support and further grow the firm’s presence in the region. Albert joins…
MetricStream Creates ‘Office of the CEO’
California-based Governance, risk and compliance (GRC) and integrated risk management (IRM) solutions provider MetricStream has created a new ‘Office of the CEO’ led by Andreas Diggelmann, interim CEO, and Gaurav Kapoor, COO. Former CEO Mikael Hagstroem has left to pursue other interests, but will retain a seat on the board. Diggelmann was formerly EVP and…
Treliant Appoints David Caruso
Washington DC-based multi-industry consulting firm Treliant has appointed financial crime expert David Caruso as Managing Director, to help the firm’s navigate the changing global AML landscape. Prior to joining Treliant, Caruso was the Chief Client Officer of a RegTech software company whose machine intelligence application improved how AML teams search and use adverse media in…
LogicGate Expands Leadership Team
LogicGate, an agile process automation platform helping organisations to operationalise governance, risk, and compliance programs, has announced the addition of two new leaders to its team. Gina Hortatsos joins the company as Chief Marketing Officer while Emily Heath, most recently United Airlines’ Chief Information Security Officer, has been named to the board of directors*
IHS Markit Expands SFTR Team
IHS Markit has boosted its SFTR coverage yet further with the hire of Rashid Ali (formerly of State Street) as Director and Lead Business Analyst for STFR and Que-Phuong Dufournet (previously with Morgan Stanley) as Director, SFTR regulatory affairs. Stuart Day, who left the firm to join a hedge fund last year, has also returned…
Carlo di Florio Joins ACA Compliance Group
Carlo di Florio has joined ACA Compliance as Global Chief Services Officer. He joins from FINRA, where he served as Chief Risk & Strategy Officer and as Co-Chair of the FINRA360 Project Management Office. Prior to joining FINRA, di Florio served as Director of the SEC’s Office of Compliance Inspections and Examinations, where he oversaw…
TP ICAP Hires Head of Compliance
Intermediary giant TP ICAP has appointed senior US regulator Amir Zaidi as its new global head of compliance. Zaidi previously spent nine years with the US Commodities Futures Trading Commission (CTFC), which regulates the US derivatives market – most recently as Director, Division of Market Oversight. He also worked as Legal Counsel & Policy Advisor…
Revolut Hires Financial Crime Head
Digital challenger bank Revolut has hired Philip Doyle as its new head of financial crime. His previous roles include head of financial crime at UK-based clearing bank ClearBank and fraud prevention manager at Visa. The new hire comes following recent queries by UK regulators around Revolut’s money laundering controls, amid a record number of complaints…
Scope Markets Hires New Head of Compliance
Eliza Eliadou has joined Scope Markets, an online institutional trading platform, as its Group Head of Compliance. Eliadou joins from London Capital Group, where she worked for two years starting in 2017. She was formerly with global brokerage firm easyMarkets. Scope Markets is in a period of expansion, in July teaming up with Gold-i, a…
Gresham House Appoints Head of Compliance
Alternative asset manager Gresham House has appointed Geoff Lambert as Head of Compliance, effective from August 19, 2019. Based out of the firm’s London office, Lambert will report to Samee Khan, General Counsel and Company Secretary of Gresham House. Lambert joins Gresham House from Nikko Asset Management Europe (NAME), where he led the compliance team…
Samantha Miller Joins Visible Alpha as CPO
MiFID II investment research specialist Visible Alpha has appointed Samantha Miller to the newly created post of Chief Product Officer. Miller joins from Dun & Bradstreet where she was Vice President of Global Product Portfolio Strategy and Management. Prior to Dun & Bradstreet, she led a division at LexisNexis as a General Manager and VP…
Garry McClure Joins Delta Capital as Head of KYC
Garry McClure has joined the London office of financial services professional services firm Delta Capital to head up the firm’s KYC business, starting from September 2019. McClure was a previously a managing director at HSBC responsible for global KYC operations across investment, commercial and retail banking. Prior to that he headed up client onboarding at…
First Derivatives Founder Brian Conlon Dies
Brian Conlon, the Northern Irish founder and CEO of the £1 billion+ FinTech firm First Derivatives, lost his battle with cancer on July 28, 2019 at the age of 53. Conlon started at KPMG and worked briefly at Morgan Stanley and software firm Sunguard before starting First Derivatives. He listed the company in 2002 but…
NeoXam Hires New Data Expert
Buy-side software provider NeoXam has appointed Philipp Sfeir to head up its DACH (Germany, Austria and Switzerland) business. Sfeir was most recently Head of Data Management at Zürcher Kantonalbank, one of the top four banks in Switzerland, and since 2016 has been President of the Swiss Information Providers User Group (SIPUG). Florent Fabre, COO of…
Featured
FEATURED WEBINAR
Upcoming Webinar: Digital Investor Onboarding and Transformation for Asset Servicers and their partners
Date: 6 February 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Transfer agents, fund administrators & custodians are endeavouring to deliver a better Investor Experience (IX) for their clients, seeking to differentiate their offerings and to truly deliver value adding services across the entire investor lifecycle. The race is on to stand out…
FEATURED EVENT
FEATURED GUIDE
Regulatory Data Handbook 2019/2020 – Seventh Edition
Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This…
Top White Papers
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...
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...
Events and webinars
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 moreBreakfast 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 moreUpcoming Webinar: Digital Investor Onboarding and Transformation for Asset Servicers and their partners
Date: 6 February 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Transfer agents, fund administrators & custodians are endeavouring to deliver a better Investor Experience (IX) for their clients, seeking to differentiate their offerings and to truly deliver value adding services across the entire investor lifecycle. The race is on to stand out...
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
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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