RegTech Insight Governance The latest content from across the platform
Singapore RegTech Plan Signals Asian Maturity in ESG Approach
Singapore’s recent decision use RegTech to tackle greenwashing illustrates the strides leading Asian economies are making to toughen regulation of sustainable finance. The announcement at the city state’s annual fintech conference coincides with the release of a white paper by the Fintech Association of Hong Kong (FAHK). The document lays a vision of an ESG…
Apex Group Partners with Governance.com to Automate Regulatory Process Management
Fund administrator and wider financial services provider Apex Group has forged a five-year digitalisation partnership with Governance.com, which provides a low-code process managed platform for regulated entities. The Governance.com solution supports Apex’s ‘digital first’ agenda; the partnership aims to allow Apex to be an early adopter of FinTech in regulatory process management. As its first…
Recorded Webinar: Managing unstructured data to ensure regulatory compliance and add value
As unstructured data floods into capital markets in the wake of traditional structured data, firms must manage both data types and ensure ease of access to extract data required for regulatory compliance efficiently and effectively. Beyond compliance, firms can add value to the business by gaining a clear understanding of their unstructured data, integrating the…
BoE and FCA Plan Report on Impact of AI in Financial Services
The Bank of England (BoE) and the Financial Conduct Authority (FCA) have completed a one-year exploration into the deployment of artificial intelligence (AI) by financial institutions, and what implications this may have on the financial system, including the potential need for additional regulatory standards. The findings – from four quarterly meetings and a series of…
Clausematch Reaches 90,000-User Milestone at Early Adopter Barclays
Barclays has completed the rollout of Clausematch’s Policy Portal across the bank, reaching almost 90,000 employees globally, having adopted Clausematch as part of its inaugural Barclays Accelerator programme in 2014. The use-case may be seen as a benchmark for RegTech adoption, as many early-stage innovators struggle to gain a foothold at large enterprises like Barclays….
Recorded Webinar: Meeting the requirements of the EU’s ESG Disclosure Regulation
The EU Sustainable Finance Disclosure Regulation (SFDR) is central to the European drive towards a sustainable financial market. As such, it is complicated and multi-faceted, and makes rigorous demands on financial firms to source large volumes of ESG data and meet numerous reporting obligations. Key elements of disclosure include sustainability risk, principle adverse impacts, and…
US Regulatory Reporting: The Data Management Response
Given the rapid pace of change in the US regulatory reporting landscape in recent years, the banking sector is increasingly required to focus on its data management capabilities in order to meet these requirements effectively. At A-Team Group’s Data Management Summit USA virtual conference last month, Kenneth Lamar, Principal Partner at Lamar Associates, moderated a…
MCO Acquires Governor Software, Adds Founder Pike to Payroll
MyComplianceOffice (MCO) has acquired Governor Software, adding the company’s visual mapping of global regulations to its lineup of regulatory data collection and work flow capabilities. Terms of the transaction weren’t disclosed, but it’s understood that Governor was for sale for some time after a planned funding round never materialised due to the global Covid pandemic….
GRAC Service Provider RiskBusiness Launches GDPR Equivalency Checker
Governance, risk, audit and compliance (GRAC) content and service provider RiskBusiness has introduced a GDPR Equivalency Checker ahead of new EU data privacy requirements coming into effect later this month. The new tool is targeted at all financial services firms impacted by the incoming changes under the so-called Schrems II legislation that comes into effect…
Creating An Effective ESG Framework and Managing a Changing Risk Landscape: Boldly Go Where the World Is Going!
By Fraser Hall, Global Product Manager – FinReg, AxiomSL. European regulators are leading with environmental, social, and governance (ESG) disclosure requirements, although given the direction the world is going – in terms of ESG framework development – other regulators will not be far behind. The European Banking Authority (EBA), European Securities and Market Authority (ESMA)…