RegTech Insight Blogs The latest content from across the platform
Financial Institutions Turn to AI and Cloud to Solve Data Challenges
Financial institutions are undergoing digital transformations that are seeing them harness the full potential of the huge volumes of data they generate. Importantly, to do that they are deploying the technologies that are already defining our era – artificial intelligence (AI) and the cloud. From streamlining back-office processes to informing front-office decision making, and from…
EMIR Refit is on the Horizon – Is Your Organisation Ready? Find Out at Next Week’s RegTech Summit London
European Market Infrastructure Regulation Refit (EMIR Refit) is on the horizon with new reporting standards including more reporting fields, a change in reporting format from CSV to XML, an increase in the number of trading repository reconciliation fields for pairing a matching, and mandatory use of the Unique Product Identifier (UPI), which moves into production…
GLEIF and Open Ownership Collaborate on Beneficial Ownership Data to Fight Financial Crime
The Global LEI Foundation (GLEIF) and Open Ownership, provider of a beneficial ownership database funded by donors including government agencies, have collaborated to integrate Legal Entity Identifiers (LEIs) into Open Ownership datasets produced in line with the Beneficial Ownership Data Standard (BODS), an open standard providing guidance on collecting, sharing and using high-quality data on…
Endoxa Consortium Partners with Droit for Innovative Position Reporting Utility
Following its $23 million Series B investment earlier this year, Droit, the technology firm specialising in computational law and regulation, has been chosen by the Endoxa Consortium, a new collaboration of five major global banks, to develop a position reporting and shareholder disclosure utility. The consortium, which includes Barclays, BNP Paribas, Goldman Sachs, HSBC, and…
TS Imagine Partners with eflow to Add Surveillance Capabilities
Trading and risk management platform provider TS Imagine has forged a partnership with eflow, a provider of regulatory compliance solutions, that aims to help mutual clients both to meet their regulatory obligations and to safeguard against market abuse through communications monitoring. According to Alex Carteau, head of corporate development at TS Imagine, “This partnership bolsters our…
Understanding the Value of Global Identifiers in the Fight Against Financial Crime
By Clare Rowley, Head of Business Operations, GLEIF. Money laundering and terrorist financing create significant systemic risks in the global financial system. The intricate webs spun by fraudsters and criminals to evade detection crisscross national borders and legal jurisdictions, commonly exploiting multiple financial institutions and legal entities. In today’s instant digital economy, this is exposing…
FinTech Veterans Create Data, Technology and Services ‘Ecosystem’ to Solve Regulatory Challenges
The battery of ESG and financial regulations introduced in the past few years – and the future rules already in an advanced state of preparation – are weighing on institutions as the threat of censure for breaches increases. But a team of FinTech specialists has come up with a novel approach to helping all parties,…
Xceptor’s Integration with Taskize Seeks to Aid Firms as They Grapple with T+1
With the US markets’ adoption of T+1 settlement looming, trade automation platform Xceptor has teamed up with corporate collaboration specialist Taskize to streamline the trade affirmation process. The integration of the Xceptor Confirmations solution with Taskize’s inter-company workflow platform is aimed at helping firms to orchestrate affirm, confirm, and dispute resolution with their counterparties as…
Building Trust in AI: An Imperative for Widespread Adoption
By Anshuman Prasad, Global Head of Risk Analytics, CRISIL. As large language models (LLMs) continue to surprise there is a clamour to adopt AI in a more meaningful fashion across the financial services sector, where machine learning was previously accessible only in rarefied tech or quant circles. From algorithmic trading to predictive analytics and chatbots,…
Suade Commits $20 Million to Grow Regulatory Reporting Business in US and Canada
Suade, a RegTech firm offering Regulation-as-a-Service (RaaS) to automate reporting and compliance for financial institutions, has committed $20 million to bolster growth in US and Canadian financial markets. The company says the financial commitment is also aimed at helping firms address the complex reporting requirements of Basel 3.1. Diana Paredes, CEO of Suade, explains: “The…