RegTech Insight Blogs The latest content from across the platform

Making the Case for Ongoing KYC: Why the Time for Change is Now

By John O’Neill, senior vice president, Silent Eight. If you work in financial services then you’re already aware that knowing your customer (KYC) is not just an essential process, it is also a legal requirement. It’s part of the essential tasks banks perform to tackle anti-money laundering (AML) and other financial crimes. Back in June…

The UK Regulatory Regime after Brexit – What Comes Next?

By Martin Lovick, Director, and Bobby Johal, Managing Director, ACA Compliance Group. A regime in transition Investment managers are – quite rightly – focusing near-term on the cliff-edge nature of the UK/EU negotiations on future trade arrangements. Their contingency planning will have already considered the likely loss of passporting rights for UK firms exporting their…

LSEG Selects Members of Refinitiv Executive Leadership Team to Join LSEG Executive Committee Post-Acquisition

Refinitiv CEO, David Craig, and other members of the company’s executive leadership team will join the future London Stock Exchange Group executive committee, subject to completion of the acquisition of Refinitiv by LSEG. Craig will join LSEG’s executive committee post-merger as group head, information services and CEO, Refinitiv. Debra Walton will join the committee as…

RIMES Strengthens BMR Push with EBR Acquisition

RIMES Technologies Corporation (RIMES) has acquired London-based EBR Analytics (EBR), a Benchmarks Regulation (BMR)-focused RegTech company, adding the EBR solution to its own BMR compliance suite, RIMES RegFocus BMR. Following the transaction, the EBR brand will fold into RIMES, with the EBR team joining the company under RIMES’ leadership. There is a natural synergy between the two…

BearingPoint Sells RegTech Business to Nordic Capital

Tech consultancy BearingPoint has confirmed the sale of its independent RegTech business unit to Nordic Capital, a private equity investor with a strong track record of developing technology companies and enabling and driving global growth. The sale does not come as a complete surprise – RegTech has been working to develop its autonomy within BearingPoint…

Challenger Bank Allica Selects London Start-Up Sphonic for Financial Crime Compliance

Allica Bank, a digital challenger bank first launched in 2020 to focus on small businesses underserved by mainstream institutions, has selected a financial crime product suite from London-based Regtech firm Sphonic’s to support its compliance function. Sphonic, first formed in 2012 with the creation of its core product Workflow Manager (WFM), acts as a Data…

Lombard Odier Selects Bloomberg to Streamline Risk Management Processes

Lombard Odier Investment Managers, the asset management business of the Lombard Odier Group, has adopted Bloomberg’s PORT Enterprise solution to support portfolio and risk management across multiple assets classes. Lombard Odier IM is a long-standing client of Bloomberg’s order management system AIM, and first integrated PORT Enterprise back in 2019 to support performance attribution and…

Why the Reality of Third-Country Regulatory Reporting is About to Bite!

By Volker Lainer, Vice-President of Product Management at GoldenSource. Just two months until the end of the transition period, ESMA’s latest report brings home the stark reality of what third-country status means for UK financial institutions from a regulatory reporting perspective. Regardless of whether or not a trade agreement between the EU and the UK…

SteelEye Joins Forces with Refinitiv on RegTech Suite

SteelEye, the compliance technology and data analytics firm, has incorporated Refinitiv market data on its RegTech platform in a bid to help its clients enhance their compliance and analytics capabilities. Refinitiv provides one of the widest ranges of cross-asset data available, with 7.3 million price updates per second for over 84 million instruments and 2.5…