Financial Conduct Authority Reveals First Set of Data Under New Complaints Rules
- 7 years 9 months ago
- Regulatory Standards, Risk Management
The Financial Conduct Authority (FCA) has published data on the number of complaints reported by firms under new rules which came into force on 30 June 2016. The total number of complaints reported by firms in the second half of 2016 was 3.04 million. This number is higher than previous reporting periods because under the FCA’s new rules all complaints are now captured in the data. The data reflect the fact that under the new rules, financial... more
Russia’s Sovcombank implements psychometric scoring from FICO and EFL to increase credit portfolio
- 7 years 9 months ago
- Fraud Detection, AML and KYC, Data, Risk Management
Russia’s Sovcombank is using a new form of credit scoring to attract young people looking for their first credit card. The score, developed by Entrepreneurial Finance Lab (EFL) and marketed by Silicon Valley analytics firm FICO, uses an interactive online assessment to evaluate an individual’s credit risk. Sovcombank, a universal bank with more than 2 million customers, is using the score to “gamify” the credit application process.
Bloomberg and Bats Europe Partner for MiFID II Reporting
- 7 years 9 months ago
- Wholesale Banking, Regulatory Standards
Today Bloomberg and Bats Europe have reported they plan to provide Bloomberg customers with the ability to use their respective Approved Publication Arrangements (APA)[1] to fulfil MiFID II transparency reporting requirements. Under MiFID II, market participants are facing a steep increase of reporting tasks they need to manage, for firm quotes as well as executed transactions, across a wide range of asset classes and within very short... more
Nice Actimize Introduces Consortium Data for Fraud Analytics Optimisation Tool
- 7 years 9 months ago
- Compliance
Nice Actimize, a Nice business and the industry's largest provider of a single financial crime, risk, and compliance software platform for the financial services industry has introduced ActimizeWatch, a cloud-based, fraud analytics optimization solution that uses consortium data to detect fraud-related attacks before they spread from one financial services organization to another.
Trax Transforms Integration of CME Global Repository Services Into Insight Platform
- 7 years 9 months ago
- Derivatives and OTC Derivatives, Audit and Reporting
Trax, a leader in providing of regulatory reporting, trade matching and capital market data services, has bolstered its strategic alliance with the CME by integrating the workflow of the CME Global Repository Services (GRS) into the Trax Insight™ platform to facilitate regulatory reporting of derivatives.
Consumer Financial Protection Bureau Issues Proposal To Clarify Mortgage Data Rule
- 7 years 9 months ago
- Regulatory Standards
Today the Consumer Financial Protection Bureau (CFPB) proposed to facilitate compliance with the 2015 updates to the Home Mortgage Disclosure Act (HMDA) rule. The changes proposed today would help financial institutions comply with the 2015 HMDA Final Rule by clarifying the information they are required to collect and report about their mortgage lending.
4finance Group Selects FICO TONBELLER Cloud Solution to Ensure Compliance with New Anti-Money Laundering Requirements
- 7 years 10 months ago
- Compliance, Regulatory Standards
Today Silicon Valley analytic software firm FICO reported that consumer online lender 4finance Group deploys the FICO TONBELLER Siron Anti-Financial Crime Solutions to ensure anti-money laundering regulatory compliance across its global network.
Combining Compliance With Innovation
- 7 years 10 months ago
- Compliance, IT Innovations
The demand for technology has risen over the years, mostly for supporting centralized data collection, streamlining procedures, and managing the constant changes in regulations with attention to risk and complying with client guidelines. With increased reliance on technology, vendor management systems are getting a major overhaul. The key components that are being focused on are analytics, automation, and data administration.
Diebold Nixdorf Ready To Support Windows 10
- 7 years 10 months ago
- Compliance, Regulatory Standards, Infrastructure
Today Diebold Nixdorf, a global leader in driving connected commerce, revealed that its first automated teller machine (ATM) manufacturer ready to support the Microsoft Windows 10 operating system.
GLEF Introduces "Registartion Agent" to Help Clients to Access the Network of Legal Entity Identifier Issuing Organizations
- 7 years 10 months ago
- Regulatory Standards
Basel, the Global Legal Entity Identifier Foundation (GLEIF), the organization responsible for ensuring the operational integrity of the Global Legal Entity Identifier (LEI) System, calls on market participants that will have to comply with the forthcoming European Union (EU) revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) to obtain an LEI as soon as possible. Failure to obtain an LEI (by the firm or its... more
MahiFX Authorised by Financial Conduct Authority
- 7 years 10 months ago
- Regulatory Standards, Infrastructure
MahiFX, a leading financial technology provider, are now authorised to provide regulated products and services by the FCA. The firm recognised that authorisation from the UK-based financial regulatory body was important for their European-based clients, in addition to already being authorised and regulated by both the Australian Securities and Investment Commission and the New Zealand Financial Markets Authority.
Erste Group Bank AG selects Nasdaq's BWise for Internal Audit, Internal Control and Finding Management processes
- 7 years 10 months ago
- Compliance, Risk Management
Today Nasdaq BWise, a world leader in enterprise Governance, Risk Management and Compliance (GRC), announced that it has been selected by Erste Group, one of the largest financial services providers in Central and Eastern Europe and headquartered in Austria, to support and further enhance their internal audit, internal control and finding
Wolters Kluwer Becomes Category Leader of Enterprise GRC Solutions in 2017 RiskTech Quadrant
- 7 years 10 months ago
- Compliance, Infrastructure
According to Chartis Research, Wolters Kluwer has been named a Category Leader in its 2017 RiskTech Quadrant for Enterprise GRC Solutions. It notes the fourth consecutive time it has earned this distinction.
Iroquois Federal Savings & Loan Association Select Fiserv to Build Commercial Capabilities and Attract Business Customers
- 7 years 10 months ago
- Payments, Compliance
Today Fiserv, Inc., a world leading provider of financial services technology solutions, announced that
Liquidnet and ONEaccess Provide Integrated Research Management Solutions for MiFID II Compliance
- 7 years 10 months ago
- Compliance, Infrastructure
Liquidnet, the global institutional trading network, and ONEaccess, a Visible Alpha company and leading corporate access and research valuation platform, today announced a partnership to provide institutional investors with solutions to seamlessly manage, track, and pay for eligible research under MiFID II. This partnership between Liquidnet and ONEaccess offers clients of both companies a more efficient technology solution for managing their... more
