Encompass launches a fully automated Anti-Money Laundering system for banks
- 9 years 4 months ago
- Security, AML and KYC
A fully automated Know Your Customer (KYC) solution for achieving superior Anti-Money Laundering (AML) and Counter Terrorism Finance (CTF) compliance has been launched by Encompass Corporation. The software platform enables banks to meet the increasingly demanding regulatory requirements of The European Union’s Fourth Anti-Money Laundering Directive, which comes into force on the 26 June 2017.
UK Micro-business Owners Expect More Information About Digital Tax
- 9 years 4 months ago
- Tax Authorities
The majority of UK freelancers and micro-business owners do not think they have been given enough information about the government’s digital tax plans, according to new research from cloud accounting software company FreeAgent.
Five Days To Go To Self Assessment Deadline
- 9 years 4 months ago
- Compliance, Tax Authorities
With only five days to go until the deadline closes for self assessment tax returns, you may be getting a little anxious about whether you’ll be able to actually complete everything on time.
New Thomson Reuters Compliance Solution Helps Organizations Manage Regulatory Change
- 9 years 4 months ago
- Compliance
Organizations facing regulatory overload can now benefit from powerful new tools to help them better manage their compliance workflow as Thomson Reuters introduces Regulatory Change Management (RCM), its new end-to-end compliance solution.
Mexico’s CIBanco Chooses Swift Compliance Analytic
- 9 years 4 months ago
- Security, Compliance
Swift announces today that Mexican bank CIBanco has signed up for Compliance Analytics, a Swift service that helps financial institutions mitigate financial crime risk by analysing their global message traffic on the Swift network. In an effort to strengthen its existing compliance efforts, and mitigate the de-risking threat, CIBanco will leverage SWIFT’s advanced data analytics to enhance the effectiveness of its compliance and anti-money... more
Dutch FinTech Ohpen receives full FCA authorisation
- 9 years 4 months ago
- Asset Management, Banking, Compliance
Ohpen announced today that it has gained approval from the regulator, the Financial Conduct Authority (FCA), to carry out its regulated activities. The approval enables Ohpen to provide its software and outsourcing services to asset managers, banks and insurance companies in the United Kingdom (UK) under its new British company, Ohpen Operations UK Ltd.
Deloitte Opens New Blockchain Lab in Dublin
- 9 years 4 months ago
- Audit and Reporting
Deloitte, which works with 90 per cent of the world’s largest financial institutions today opened its new EMEA blockchain lab at Whitaker Court in Dublin’s “Silicon Docks” district. This new bespoke designed lab builds on Deloitte’s global fintech and innovation practice which involves a network of labs around the world including a major lab on Wall Street. Blockchain is an evolving technology which has the capacity to change the way digital... more
CEB TowerGroup recognises FICO as a leading provider in KYC systems
- 9 years 4 months ago
- Compliance, AML and KYC
A 2016 report from CEB TowerGroup analysts recognises FICO as a leading provider in “Know Your Customer” systems, with FICO®TONBELLER® Siron® Anti-Financial Crime Solutions. CEB TowerGroup analysts’ 2016 “Do You Know Who I Am? Know Your Customer Systems Market Update” shows that FICO TONBELLER Siron system provides all 18 capabilities studied as standard features.
smartTrade easily handles MiFID II challenges
- 9 years 5 months ago
- Trading Systems, Compliance, Regulatory Standards
smartTradeTechnologies, a multi-asset electronic trading solutions pioneer,has been working with a number of institutions on MiFIR/MiFID II implementations. Transparency, best execution, algorithmic trading and transaction reporting are some of the key areas of concern identified. With less than a year before the 3-Jan-2018 deadline, smartTrade announces that it is ready for MiFID II challenges.
PwC Team Collaborates With Oracle to Offer Premium Technology Solutions
- 9 years 5 months ago
- Audit and Reporting, IT Innovations
Oracle Financial Services Analytical Applications and PwC announced today a global collaboration to offer premium technology, implementation and consulting solutions to help financial institutions meet near-term and ongoing compliance with the International Accounting Standards Board’s (IASB) new IFRS9 and FASB’s proposed CECL reporting standards.
Updated Technical Standards for PSD2 and The E-Commerce System
- 9 years 5 months ago
- Compliance
The European Banking Authority recently drafted the latest technical standards for the Payment Services Directive II (PSD2), which serves as the legal foundation for a new cross-EU payments market. In 2016, European e-commerce sales are expected to increase 17% to €183 billion and the use of payment service providers (PSPs) is increasing significantly.
Micro-business Owners Urged Not to Delay When Registering for Self Assessment
- 9 years 5 months ago
- Tax Authorities, Risk Management
Freelancers and micro-business owners who have yet to register their business with HMRC are rapidly running out of time if they want to get their Self Assessment tax return submitted to HMRC, FreeAgent has warned. The company - who provide award-winning cloud accounting software for freelancers, micro-businesses and their accountants - has warned business owners that failing to register for Self Assessment in the next week will mean they are... more
IHS Markit Launches Markit│CTI Tax Solutions for Section 871(M)
- 9 years 5 months ago
- Compliance, Tax Authorities
IHS Markit, a world leader in critical information, analytics and solutions, today announced the launch of Markit│CTI Tax Solutions for Section 871(m) to address compliance obligations for US equity derivatives. Brown Brothers Harriman and other financial institutions participated in the design phase of the solution and signed on as early adopters.
Axiomsl Introduces Reporting Solutions for Global Energy and Gas Producers
- 9 years 5 months ago
- Audit and Reporting, Risk Management
AxiomSL, the leading global provider of regulatory reporting and risk management solutions, is proud to announce it is currently rolling out its global trade and transaction reporting solution to one of the major oil and gas producers with global trading and hedging activities. The firm has strengthened its existing trade and transaction solution ahead of the release of the MiFID II module in early 2018. This development will give AxiomSL’s... more
Union Nordea – new legal structure
- 9 years 5 months ago
- Regulatory Standards, M&A Deals
Today, as of 2 January 2017, the cross-border mergers between Nordea Bank AB (publ) and its subsidiary banks in Denmark, Finland and Norway have been executed. As a result, all assets and liabilities of the subsidiary banks have been transferred to Nordea Bank AB (publ) and each of Nordea Bank Danmark A/S, Nordea Bank Finland Plc and Nordea Bank Norge ASA has been dissolved. The banking business in Denmark, Finland and Norway will be carried out... more
