EBRD Joins SWIFT’s Know Your Customer Registry
- 8 years 9 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
- 8 years 10 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
- 8 years 10 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
- 8 years 10 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
- 8 years 10 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
- 8 years 10 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
- 8 years 10 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
- 8 years 10 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
- 8 years 10 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
- 8 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
- 8 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
- 8 years 11 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
- 8 years 11 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
- 8 years 11 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
- 8 years 11 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
