Raiffeisen Bank International AG goes live with SmartStream’s Corona Cash & Liquidity solution
- 8 years 3 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
- 8 years 3 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
- 8 years 3 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
- 8 years 3 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
- 8 years 3 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
- 8 years 3 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
- 8 years 3 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.
GreySpark Partners: MiFID II Research Unbundling Rules to Transform the Investment Research Industry
- 8 years 3 months ago
- Compliance
A new report from GreySpark Partners, a leading global capital markets consulting firm, explores the impact that the second iteration of the EU’s Markets in Financial Instruments Directive (MiFID II) will have on the investment research marketplace – forcing operators to itemise research payments separately from other fees, charges and commissions.
KY3P by IHS Markit joins forces with AITEC and AIMA to Drive Due Diligence Standard
- 8 years 4 months ago
- Security, Compliance
IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced an agreement with AITEC and the Alternative Investment Management Association (AIMA) to strategically strengthen its Know Your Third Party (KY3P) platform. The relationship brings together KY3P’s private cloud, one-to-many platform, with the AITEC-AIMA Illustrative Questionnaire for Due Diligence of Vendor Cyber Security.
Big Four US Banks Tap AxiomSL’s Capital Calculation and Reporting Solutions
- 8 years 4 months ago
- Regulatory Standards, Audit and Reporting
AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that one of the big four US banks has chosen AxiomSL’s capital calculation and reporting solutions for their two European subsidiaries in the UK and Ireland, as well as for their branches in the Netherlands, Switzerland, Luxembourg, Belgium, Germany, Italy, France and Spain.
Luup Opts Contego’s Identity Verification and Fraud Reduction Platform
- 8 years 4 months ago
- AML and KYC
Contego, the multi-source fraud reduction platform, today announced that Luup, a leading provider of merchant services for internet and e-commerce businesses, specialising in cross-border payments, has selected Contego’s platform to carry out checks on companies and individuals based in the UK, Europe and North America to help ensure compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
Bank Mendes Gans Benefits from SmartStream's Corona Cash and Liquidity
- 8 years 4 months ago
- Audit and Reporting
SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announced that Bank Mendes Gans (part of the ING Group) has implemented SmartStream’s Corona Cash and Liquidity solution and will go live in the last quarter of 2016 - in order to continue to meet regulatory requirements, such as BCBS 248 for intraday reporting, for managing 500,000 transactions per month.
Baker Hill and Compliance Systems Team Up to Improve Risk Management, Compliance for Banks & CUs
- 8 years 4 months ago
- Compliance, Risk Management
Baker Hill, a leading provider of SaaS solutions for common loan origination, relationship management and smart data analytics, has partnered with Compliance Systems, Inc. (CSi) to strengthen risk management and document compliance for financial institutions when originating and underwriting consumer and commercial loans.
MoneyRouter - AML Software Set to Change the Face of Money Transfers Worldwide
- 8 years 4 months ago
- AML and KYC
Brought to market by Musa Jammeh and Taimoor Iqbal of Route Trading Ltd (an experienced UK financial services compliance professional, and a tech entrepreneur with a background in money transfer),MoneyRouter is the first instant verification system to help thwart money laundering.
More Banks Join Sentinel as Initiative Prepares for MiFID II Implementation
- 8 years 4 months ago
- Compliance
As Project Sentinel completes the first round of assessments of potential technology partners, the initiative is pleased to announce an increase in consortium numbers from the original 4-7 banks to 8-10 banks in the current phase.
