RegTech Insight Blogs The latest content from across the platform

Refinitiv Withdraws KYC as a Service Solution

Refinitiv is planning to withdraw its KYC as a Service offering, most likely late this year, once again raising questions around the viability of the utility model and following Bloomberg’s decision to pull out of the KYC market and withdraw its Entity Exchange KYC and client onboarding solution little more than a month ago. Refinitiv’s…

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…

DTCC Adds Vendor Partners to Help Mutual Clients Achieve SFTR Compliance

Reflecting DTCC’s recent announcement that Barclays, Goldman Sachs and J.P. Morgan have signed up to use its Global Trade Repository (GTR) to meet their obligations under the European Union’s Securities Financial Transactions Regulation (SFTR), the company has named additional vendor partners that it will work with to support mutual clients. New partnerships have been made…

idaciti Introduces Viewer to Support iXBRL Reporting Format

Jurisdictions around the world are beginning to adopt Inline XBRL (iXBRL), leading idaciti to bring Inline XBRL Viewer, a means of working with data from corporate reporting filings,  to market. iXBRL combines human-readable disclosures (in HTML) and machine-readable data (in XBRL) in the same filing, creating a new digital reporting format. The format reduces the…

SEC N-PORT Deadline Compliance Met with RegTech

Confluence has announced that those of its clients with a May 30, 2019 Form N-PORT filing requirement have completed their filings with the US Securities and Exchange Commission (SEC). Confluence’s clients represent fund administrators and asset managers servicing more than 75% of funds filing Form N-PORT. They have met their Form N-PORT requirements using Unity…

Investment in Regulatory Technology can Reap Wider Business Benefits

By: Yousaf Hafeez, Head of Business Development at Radianz, BT One of the major outcomes of the financial crisis has undoubtedly been the marked rise in regulatory scrutiny. The banking industry, for example, has paid in the region of $345 billion in global regulatory fines over the past decade, according to research from the Boston…

KRM22 Opens Wallet to Create Risk and Compliance Ecosystem

KRM22 is looking to make one acquisition or partnership per month, in a bid to build an ecosystem of risk and compliance software solutions available through a single, cloud-based platform. RegTech Insight spoke to Keith Todd, CEO at the company, shortly after it announced its acquisition of Object+, a Netherlands-based risk management and post-trade services…

Refinitiv deploys Trulioo digital identity verification technology to strengthen fight against financial crime

Refinitiv and Trulioo, a provider of digital identity verification technology, have partnered to offer access to digital identity solutions that could strengthen the fight against financial crime and foster financial inclusion. The partnership plans to deliver innovative solutions that will help financial institutions reduce fraud and financial crime by verifying billions of customers online while…

FRTB 2022 Deadline Proves Tricky for Firms and Regulators

Global regulatory implementation of the Basel Committee on Banking Supervision’s (BCBS) Fundamental Review of the Trading Book (FRTB) may be unevenly paced, creating challenges for financial institutions and regulators alike. FRTB was introduced to fix problems that both regulators and the industry perceived with so-called ‘Basel 2.5’ market risk changes, which were put in place…

Barclays, Goldman Sachs and J.P. Morgan select DTCC for SFTR compliance

As the deadline for the European Union’s Securities Financial Transactions Regulation (SFTR) approaches,  Barclays, Goldman Sachs and J.P. Morgan have signed up to use DTCC’s Global Trade Repository (GTR) service to meet their obligations under the regulation, which is due to take effect in April 2020. Other banks already signed up to the service as…