RegTech Insight Blogs The latest content from across the platform

SteelEye and UnaVista Partner on Reporting Solution Following CME Announcement

SteelEye, the compliance technology and data analytics firm, and UnaVista, the regulatory reporting platform from London Stock Exchange Group, have joined forces to support financial firms with best-in-class reporting services as they migrate from CME’s European Trade Repository (TR) and NEX Abide regulatory reporting services, which will close in November 2020. SteelEye has been a technical…

LexisNexis Risk Solutions Partners with Cabinet Office on Fraud Detection

Global data and analytics provider LexisNexis Risk Solutions has partnered with anti-fraud data management company Synectics Solutions to work with the Cabinet Office on the UK’s National Fraud Initiative (NFI). The NFI is a government-led exercise first launched in 1996 that matches data within and between public and private sector bodies to prevent and detect…

UK Opts Out of CSDR Buy-in, SFTR Reporting

In a written statement outlining a series of regulatory reforms planned for the UK, Chancellor Rishi Sunak confirmed last week that the UK will not include the Central Securities Depositories Regulation’s (CSDR) settlement discipline regime as part of its adoption of EU regulations post Brexit. Instead, UK firms should “continue to apply the existing industry-led…

FCA Explores New Prudential Regime, Considers Operational Resilience Guidelines

The UK’s Financial Conduct Authority (FCA) has published a discussion paper on a prudential regime for UK investment firms: marking the first step in introducing a set of prudential rules for investment firms to better reflect their business models and the risk of harm they pose to consumers and markets. “We have long advocated for a bespoke…

Delta Capita Claims Major Cost Savings with CLM Solution

Delta Capita, a global provider of Fintech solutions, managed services and consulting, claims that its latest client lifecycle management (CLM) platform could help financial institutions to cut their operational costs by up to 40%. With technology and operating costs typically running into the millions of pounds per year, banks have traditionally deployed thousands of people…

Borrowing Time: Industry Must Converge on Margin Call Automation

By Tim Keady, Chief Client Officer (CCO) and Head of DTCC Solutions. Although the global impact of Coronavirus (Covid-19) feels like a once-in-a-generation event, it is the latest in a string of crises that have impacted financial markets over the past couple of decades. With the tech bubble burst in 2000; followed by September 11, 2001; then the financial crisis of 2008-2009; and the flash crash of 2010, the industry is no stranger to disruptive events. Not…

SmartStream RDU Launches API to Get Firms Over the SFTR Finish Line

Transaction Lifecycle Management specialist SmartStream has extended its Reference Data Utility (RDU) SFTR service to include a new API targeting firms who need fast access to the technology and data needed need to meet ESMA’s delayed SFTR reporting deadline of July 13. The API gives access to new tools to validate reference data content during…

Cappitech Joins Forces with REGIS-TR for End-to-End Service

EU trade repository REGIS-TR and Cappitech, a regulatory reporting service provider, have confirmed a new collaboration to deliver a streamlined, end-to-end regulatory reporting service. The partnership will link the two firms’ complimenting services for the Securities Financing Transactions Regulation (SFTR), the European Market Infrastructure Regulation, and its UK iteration, along with Switzerland’s Financial Market Infrastructure…

SFTR Approvals Could Cast a Spanner in the Works

With the delayed go-live date for the EU’s SFTR regulation less than a month away, the pressure is once again on as firms scramble to get ready for their new regulatory reporting requirements, pushed back from April 2020 due to coronavirus. And while most firms should be well into the testing phase by now, there…

Santander Selects ThetaRay’s AML Solution to Boost Data Lineage Capabilities

Banco Santander has joined forces with ThetaRay, a provider of AI-based big data analytics, to utilise its AML solution for correspondent banking. The rules-free solution uses machine learning algorithms to identify anomalies in SWIFT and KYC data that point to money laundering, enabling early resolution. The system will analyse the bank’s SWIFT traffic, risk indicators…