Axia: Advisory service capabilities enhanced, MiFID II-ready
- 7 years 7 months ago
- Wealth Management, Compliance, Regulatory Standards
Profile Software, an international financial solutions provider, today announced the enrichment of Axia, its leading web-based platform for wealth management across all service lines, with new advisory service capabilities in light of the forthcoming MiFID II regulation.
Research Shows 64% of Financial Services Firms Still at Risk of Non-compliance Fines
- 7 years 7 months ago
- Compliance
Compuware Corporation, the world’s leading mainframe-dedicated software company, today released new research revealing that, despite making progress over the past 12 months, the majority of European and U.S. businesses are still inadequately prepared to comply with the new EU General Data Protection Regulation (GDPR), due to be enacted next year. Key findings include:
GreySpark and Oxial Go for Compliance Collaboration
- 7 years 7 months ago
- Compliance
Capital Markets firms can now benefit from a new continuous compliance service for algorithm risk management, thanks to a partnership from new generation GRC solution provider OXIAL, and financial markets specialist GreySpark.
IRIS and Xero to streamline tax processes
- 7 years 8 months ago
- Tax Authorities, Accounting
Two of the UK’s leading accountancy sector software providers have joined forces in anticipation of the digital tax changes sweeping the nation. IRIS Software is today announcing a partnership with Xero to streamline the bookkeeping process for UK accountants in preparation for HMRC’s ‘Making Tax Digital’ (MTD) initiative.
Wolters Kluwer Hires Finance & Risk Market Manager for APAC Business
- 7 years 8 months ago
- Compliance, Regulatory Standards, Audit and Reporting, Accounting
Wolters Kluwer’s Finance, Risk & Reporting business has hired Sarfaraz Ahmed as Market Manager, Finance and Risk, for its growing Asia Pacific (APAC) business.
EBRD Joins SWIFT’s Know Your Customer Registry
- 7 years 8 months ago
- AML and KYC
In a move to facilitate global and local financial flows and ensure their transparency, the European Bank for Reconstruction and Development has signed up to use SWIFT’s Know Your Customer (KYC) Registry and is encouraging partner banks in countries where it invests to follow suit
60 financial services companies have signed manifesto lobbying for changes to PSD2
- 7 years 8 months ago
- Compliance, Regulatory Standards
Today, PPRO Group announced that the company is one of the 60 companies and associations operating on EU or global level in the financial and payments industry that have signed a manifesto to lobby the EU in regards to making changes to the current draft of the RTS of the PSD2.
APRA’s Economic and Financial Statistics Form Review: Shoring Up Data Quality to Meet New Regulatory Demands
- 7 years 8 months ago
- Regulatory Standards
Examining IT infrastructure capabilities and reconciling data will be key for meeting the new EFS requirements from the Australian regulator, according to Douglas Cheung, Regulatory Product Manager for Wolters Kluwer’s Finance, Risk & Reporting business in Asia Pacific.
Financial Conduct Authority Reveals First Set of Data Under New Complaints Rules
- 7 years 8 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 8 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 8 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 8 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 8 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 9 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.
