Thomson Reuters Finds 88 Percent of Financial Institutions Work Strategically Across Regulatory Agencies
- 7 years 6 months ago
- Compliance, Regulatory Standards
A Thomson Reuters report reveals that 88 percent of financial institutions will work strategically across regulatory agencies over the next two years. Financial institutions are recognizing the benefits of harmonized approaches to data management, enabling them to leverage data commonalities that exist across multiple global regulations. The major benefit identified by 79 percent of respondents was consistency of data across the business,... more
Vermilion Software Secures Active Equity Specialist Martin Curie for Reporting
- 7 years 6 months ago
- Audit and Reporting
Vermilion Software (‘Vermilion’), the leading global supplier of client reporting and communications software, is delighted to announce that its client reporting suite and pitchbook facility have been selected by active equity specialist Martin Currie.
AI RegTech Firm Raises $8.2m Series A for AML Platform
- 7 years 6 months ago
- Investment, AML and KYC
ComplyAdvantage, which uses artificial intelligence and machine learning to help firms manage compliance obligations and reduce costs, announced today an $8.2 million Series A funding round led by Balderton Capital. The funding will allow the RegTech firm to realise its ambitious growth strategy, and increase product penetration across Europe and North America, with the New York office officially opening this week.
MiFID II Forcing Buyside Firms to Work Harder to Protect their End-investors
- 7 years 6 months ago
- Trading Systems, Compliance
A new report from GreySpark Partners, a leading global capital markets consulting firm, emphasises the importance of investment firms making changes to comply with MiFID II as soon as possible.
BGFI Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting
- 7 years 7 months ago
- Compliance, Regulatory Standards, Audit and Reporting
BGFI Bank, the Gabon-based financial services conglomerate, has chosen Wolters Kluwer’s OneSumX to provide its regulatory reporting software for its French and European Banking Authority reporting obligations.
Samsung SDS launches MiFID II-compliant mobile recording solution
- 7 years 7 months ago
- Security, Regulatory Standards
Samsung SDS, a global IT services company, today, unveils Mobile Voice Recording Solution (MVRS) Powered by Samsung SDS EMM, a secure and FCA-compliant communications recording Enterprise Mobility Management (EMM) solution.
Brunel Selects Tagetik for Financial Consolidation and Reporting
- 7 years 7 months ago
- Audit and Reporting
Tagetik, a visionary leader in global performance management software solutions, today announced that Brunel International NV has successfully implemented Tagetik’s software to meet the global company's financial consolidation and corporate reporting requirements. Brunel, a world leader in staffing and recruiting services, has approximately 11,000 employees and conducts business in 37 countries.
FICO Releases Financial Crime and Compliance Solutions in the Cloud
- 7 years 7 months ago
- Compliance
Leading analytics software firm FICO today announced that its FICO® TONBELLER Compliance Solutions are now available in the FICO® Analytic Cloud. This suite includes highly integrated software modules for anti-money laundering, tax compliance, counter-terrorism financing, Know Your Customer initiatives and business partner due diligence.
Raiffeisen Bank International AG goes live with SmartStream’s Corona Cash & Liquidity solution
- 7 years 7 months ago
- Cash management, Liquidity, Compliance, Regulatory Standards
SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announced that Raiffeisen Bank International AG has taken a proactive approach to Basel III and implemented a cash and liquidity reporting solution – to monitor and manage cash positions on an intraday basis, throughout the group.
Accuity Simplifies KYC with New Ultimate Beneficial Ownership Data
- 7 years 7 months ago
- AML and KYC
Understanding the risk that a financial counterparty represents to a financial institution is critical in deciding whether to continue to do business with an existing counterparty or to form a relationship with a new one. Having sight of the entities and individuals with an owning interest in a bank or financial institution (FI) is essential if they are to avoid dealing with sanctioned entities and comply with new regulations.
Accuity Launches Next Generation of Assurance Services
- 7 years 7 months ago
- Compliance
Accuity, the leading global provider of financial crime compliance solutions, is developing the next generation of assurance services with policy management capability to help compliance professionals respond to increased regulatory scrutiny for transparency, traceability and auditability. The new service will provide compliance leaders with oversight, control and assurance over their screening systems, which will support their agile decision... more
Kuflink Integrates Contego’s Multi-Source Identity Verification and Risk-Scoring Platform
- 7 years 7 months ago
- AML and KYC
Contego, the multi-source identity verification and risk-scoring platform, today has been appointed by Kuflink, the peer-to-peer lending platform, where loans are secured against UK based property, to carry out checks on individuals to help ensure compliance with Anti-Money Laundering (AML) regulation. As the P2P and property markets are experiencing ever greater regulatory scrutiny, implementing effective fraud mitigation and risk management is... more
Fiserv Awarded SWIFT Certified Application Label for Reconciliation Accreditation
- 7 years 7 months ago
- Compliance
Fiserv, a leading global provider of financial services technology solutions, announced today that it has been awarded the 2016 SWIFT Certified Application Reconciliation label for its Accurate™ Reconciliation solution for transaction matching, reconciliation and exception management.
EastNets showcases advanced anti-money laundering & terrorist financing solutions at Sibos 2016
- 7 years 7 months ago
- Fraud Detection, Compliance, AML and KYC
EastNets, a leading global provider of compliance, payment and cloud solutions for the financial services industry, will unveil its advanced systems for countering money laundering and terrorist financing at the 2016 SWIFT International Banking Operations Seminar (Sibos), the latest edition of the world’s premier financial services event. The company will highlight its partnership with Dow Jones, the world's most trusted business news and... more
SIX Securities Services: Financial Institutions Look to Outsource Tax Services to Reduce Costs
- 7 years 7 months ago
- Compliance
Research conducted by SIX Securities Services has revealed that as financial institutions become increasingly capital constrained, almost a third (32%) are looking to outsourcing as a way to reduce costs. The research, conducted amongst global and domestic systemically important banks and clearing houses reveals that competitive pressure from disruptive business models is considered the second most significant driver for outsourcing.
