Regulatory and reputational drivers for KYC and customer remediation

Wolters Kluwer’s Finance, Risk & Reporting business is holding its annual Client Conference in Amsterdam this week. The event, which takes place on October 11 and 12, brings together the firm’s valued clients globally to discuss finance, risk and regulatory reporting trends and challenges. The conference also allows clients to influence and drive Wolters Kluwer’s product strategy for its integrated regulatory compliance and reporting solution suite.

SaxoSelect, the digital service that enables clients of Saxo Bank to invest in pre-selected investments, has reported a 36% increase in AUM for its range of Managed Trading Strategies over the third quarter. The sharp increase in riskier investment strategies comes despite an uncertain economic background throughout the quarter. 

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, and Capitolis, a pioneering technology provider for the capital markets announce today they will collaborate in a partnership to provide immediate access to Capitolis’ FX novation service through the NEX Infinity platform.

Belgium-based bpost bank has chosen Wolters Kluwer’s Finance, Risk & Reporting business to provide its regulatory reporting and AnaCredit software for its operations in the country.

OneSumX Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 30 countries.

GlobalPlatform, the standard for secure digital services and devices, has published a Financial Configuration to update the configuration for banking smart cards and support the deployment of Secure Elements (SEs) in contactless-enabled wearables like rings and wristbands. Chip and device makers, banks and app developers now have an implementation guide to help them launch wearables that can be remotely updated and support multiple applications including payment, access control and transport ticketing.

B-Hive and KOOPHub signed a Memorandum of Understanding on September 19, 2018, during the Blockchain Fest in Istanbul. The signing ceremony took place in front of the audience.

Both Hubs will support each other towards networking events, business visits, scouting, start-up mapping, innovation programs, digital sandboxes and regulatory frameworks.

New research from Econocom, a European digital services company, has revealed that over half (55%) of office workers believe access to the latest workplace technology would make them more productive. Additionally, 43% said this would make them feel more valued, while 38% said it would motivate them to work harder.

OpenWay, a recognized leader in digital payments software, has implemented the nexo Acquirer protocol on the WAY4 platform. Now acquirers who run their payment processing business on WAY4 can use ISO 20022 to enhance their payment acceptance interfaces with extended transaction data and improved interoperability across their acquiring networks.