Editor’s pick
FinCrime Enforcement Actions Up 31%, H1/2024 – Fenergo Study
Recently released findings from client lifecycle management (CLM), know your customer (KYC) and transaction monitoring specialist Fenergo indicate a 31% increase in the global value of penalties for anti-money laundering (AML) violations, compared to the same period in 2023. The findings underscore a significant rise in enforcement actions, particularly in the Asia-Pacific region, where penalties...
Top Blogs
SEC Charges 26 Financial Firms for Record-Keeping Failures, Resulting in $392.75 Million in Penalties
The U.S. Securities and Exchange Commission (SEC) has taken enforcement action against 26 broker-dealers, investment advisers, and dually-registered firms for widespread violations in maintaining and preserving electronic communications. The charges highlight longstanding failures by these firms to comply with federal record-keeping requirements. The implicated firms admitted to the facts outlined in the SEC orders, acknowledging...
Delta Capita’s Kapoor and Kingsley Outline Compliance Tech Strategy
Delta Capita, best known for its capital markets consulting and managed services solutions, bolstered its client lifecycle management (CLM) offering earlier this year through the acquisition of GoldTier, a client onboarding solution, from LSEG. This has now been woven into Delta Capita’s AI-powered Karbon suite, which aims to streamline client onboarding, KYC, AML and regulatory...
MCO Extends KYC/KYTP Reach with Pythagoras Acquisition
Conduct risk and compliance technology provider MyComplianceOffice (MCO) has acquired Pythagoras, a Swiss provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions. The acquisition strengthens MCO’s product portfolio in the compliance technology sector, and marks a significant step in the company’s global reach, leveraging Pythagoras’ presence across Europe, South Africa and Hong Kong....
Latest briefs
Eventus Partners with ANCORD to Offer Validus Trade Surveillance Platform to Brazilian Brokers
Eventus, the trade surveillance and financial risk solutions vendor, has entered a partnership with ANCORD, Brazil’s National Association of Securities, Foreign Exchange and Commodities Brokers and Dealers. Through the collaboration, Eventus’ Validus platform will be accessible to ANCORD members, enabling them to implement a comprehensive trade surveillance solution tailored to their specific needs. The partnership…
Adesso Unveils Compl.AI to Address DORA Contractual Provisions
Global IT services provider, Adesso, has unveiled Compl.AI, a generative AI (GenAI) tool to verify that third-party contracts for critical services are in alignment with the EU’s Digital Operational Resilience Act (DORA). The third-party risk management provisions of DORA require the rigorous oversight of third-party ICT providers, including cloud services providers, to ensure that they…
SymphonyAI Extends Financial Crime Data Solution
Artificial intelligence-powered software-as-a-service provide SymphonyAI has expanded its financial services offerings with a product to help organisations overcome entity data shortcomings that could enable financial crime. The Palo Alto, California-based company said its Entity Resolution service enables clients to solve issues such as records duplication, poor data quality and data fragmentation. The company, which focuses…
Abaxx Exchange Selects Eventus for Trade Surveillance
Abaxx Exchange, a new marketplace based in Singapore, has chosen Eventus to provide its trade surveillance platform. Abaxx Exchange commenced trading on June 28, 2024, offering global futures on energy, metals, and other energy transition-focused commodities, starting with liquified natural gas (LNG) and carbon, with plans to introduce battery metals soon. Abaxx Exchange, under the…
REGnosys Contributes Rosetta Language to FINOS
REGnosys has contributed its proprietary language, formerly known as the Rosetta DSL (Domain-Specific Language) and now renamed Rune, to the Fintech Open-Source Foundation (FINOS). This move is part of REGnosys’s broader mission to foster industry-wide collaboration and innovation in regulatory reporting through open-source solutions. Rune, the language underpinning REGnosys’s digital regulatory reporting solution, is now…
Bloomberg Adds Data for Compliance with EU Corporate Sustainability Reporting Directive
Bloomberg has added a data offering to the Bloomberg Terminal that collates data that companies have started to report in line with the EU’s Corporate Sustainability Reporting Directive (CSRD). The offering is also available via Data License for scalable enterprise-wide use. CSRD expands the range of firms that need to disclose ESG data publicly and…
RegGenome Launches GenAI-Optimised Reg-Data Repository
RegGenome, a spin-out from the University of Cambridge, has launched an enriched regulatory data repository powered by Generative Artificial Intelligence (GenAI). This solution aims to address the increasing regulatory costs and complexities faced by firms by leveraging advanced AI technologies for regulatory operations and compliance management. A study by Accenture indicates that while 93% of…
ESMA Good Practices Statement Hides a Warning on Pre-Close Calls
ESMA recently published a statement titled Good practices in relation to pre-close calls. The statement was prompted by media reports and verification by National Competent Authorities (NCAs) of a link between pre-close calls between issuers and analysts and subsequent volatility, in some cases raising suspicion about possible unlawful disclosure of inside information. It should be…
Saifr Extends AI-Powered Marcomms Content Compliance Solution
Saifr has extended the functionality of its suite of marketing compliance capabilities to detect comparison, ranking, and rating claims; performance claims made about investment options; testimonials; and references to tax-free or tax-exempt income. Additionally, expanded AI models for marketing optimisation can determine grade-level readability. These features join Saifr’s existing compliance suite, which flags promissory, misleading,…
FinScan Launches Sanctioned Securities Screening
FinScan, the Pittsburgh-based division of Innovative Systems, Inc. has released FinScan Securities adding sanctioned financial instrument screening to its AML and KYC solutions. Screening for sanctioned securities is an increasingly challenging requirement. Data identifying ultimate beneficial ownership is difficult to source and integrate and the number of securities and entities subject to sanctions continues to…
Droit and FINBOURNE Partner to Produce Position Reporting Solution
Droit, a provider of computational law and regulation, is partnering FINBOURNE Technology, a provider of cloud-based investment data management software, to deliver an end-to-end position reporting solution. The integration embeds Droit’s Position Reporting product that delivers determination of reporting obligations based on consensus interpretations of requirements from Endoxa, a consortium of six global financial institutions,…
Bloomberg Releases Tool for Sustainable Investment Screening
Bloomberg has released a tool that helps investors assess portfolios, funds and indices based on sustainability criteria and thresholds customised by the user. Available on the Bloomberg Terminal and based on the company’s ESG data, the solution facilitates a transparent screening process and can be used for both making investment decisions and to help clients…
ZERO13 Collaborates with Industry Leaders to Launch First Digital Carbon Credit Platform for Renewable Energy
ZERO13, the GMEX Group company operating a carbon exchange, registry and aggregation hub ecosystem, has partnered with Decarb.earth, CarbonCX, and XTCC to introduce a digital platform for end-to-end digitally measured, reported and verified carbon credit distribution, trading, and settlement for renewable energy projects ZERO13 is a cloud-native, infrastructure-agnostic, decentralised platform that streamlines workflows across various…
R3 and Quant Selected to Develop Prototype for UK’s Regulated Liability Network
R3 and Quant have been chosen to create the technology prototype for the UK’s Regulated Liability Network (RLN) experimentation phase, an initiative led by UK Finance and supported by EY. This project aims to establish a unified platform facilitating various financial transactions using tokenised and traditional commercial bank deposits. The RLN will serve as a…
T+1 and Voice Analytics to Feature at Symphony Innovate 2024 (NYC)
A-Team Group recently caught up with Ben Chrnelich, President and CFO of Symphony Communications to discuss how their Enterprise Collaboration and Workflow platform is helping firms prepare for T+1 – which goes live on May 28, and the significant uptick in e-comms messaging volume over their Federated Communications offerings. Both of these core offerings will…
Latest people
Delta Capita Appoints Caroline O’Sullivan as Head of Ireland
Global financial services consulting, managed services, and technology provider Delta Capita has appointed Caroline O’Sullivan as its new Head of Ireland. Based in Dublin, Caroline will lead the company’s regional business strategy, focusing on sustainable growth across all core service lines, client relationship management, and overseeing business operations. She will report to Philip Freeborn, Co-Head…
ESG Book Names RegTech Veteran Fitzpatrick as New Chief Executive
ESG Book has named Justin Fitzpatrick, the founder and executive of several UK-based RegTech companies, as its new chief executive replacing global sustainability leader Daniel Klier. The Germany-based data and tech company, which made headlines in 2021 when it put a large part of its ESG database on a free-to-use platform, said Fitzpatrick has “deep expertise…
Encompass Names Neil Acworth Chief Information Security Officer
Encompass Corporation, a provider of real-time digital Know Your Customer (KYC) profiles, has appointed Neil Acworth as chief information security officer (CISO) as part of its focus on delivering gold-standard information security processes to global banks. Acworth joins Encompass with extensive experience in the technology space and will oversee the company’s information security team and…
REGnosys Works with WISE to Empower Women in Tech
REGnosys has joined forces with WISE, a UK specialist in STEM gender parity, as part of a project to empower women tech leaders. The collaboration aims to champion women role models in tech and inspire young women to pursue careers in STEM (science, technology, engineering and mathematics). With women making up only 24% of the…
Encompass Appoints Former CEO of CoorpID Job den Hamer as Head of Business Development
Encompass Corporation, a provider of real-time digital Know Your Customer (KYC) profiles that recently acquired CoorpID and Blacksmith KYC from ING, has named Job den Hamer, former CEO of CoorpID, as head of business development to bolster the company’s mission to underpin KYC with Corporate Digital Identity (CDI). With more than 20 years of experience…
Broadridge Names Mike Sleightholme as President of Broadridge International
Broadridge Financial Solutions has appointed Mike Sleightholme as president of Broadridge International. Sleightholme, who is based in London, will be responsible for delivering the company’s capital markets technology and data solutions throughout the EMEA and Asia Pacific regions. Sleightholme first joined Broadridge in 2022 as president of its Asset Management Solutions business where he was…
Persefoni Boss Mohin Chosen to Sit on FCA’s ESG Advisory Board
Tim Mohin, chief executive of data provider Persefoni, is among the sustainability-linked financial figures selected to help shape the UK’s regulatory response to ESG issues. The former Global Reporting Initiative chief will be joined by five other executives on the Financial Conduct Authority’s ESG Advisory Board. They include Harald Walkate, senior fellow at the Center for…
More Names Added to Bring ISSB Team to 10
Four more members have been added to the International Sustainability Standards Board (ISSB), the IFRS Foundation’s recently created body that’s been tasked with hammering out an international framework for ESG reporting. They are Richard Barker, of the University of Oxford Saïd Business School’s sustainable business initiatives; Verity Chegar of California State Teachers’ Retirement System; Bing…
SmartSearch Appoints Former Dow Jones Executive as CEO
SmartSearch, an anti-money laundering specialist using electronic entity verification, has named Guy Harrison as CEO with responsibility to drive the company’s strategic growth plan. Harrison joins from Dow Jones, where he was general manager of the company’s risk and compliance business. He takes over the CEO role from SmartSearch CEO and founder John Dobson, who…
Kay Swinburne Named as Chair of the International Regulatory Strategy Group
Dr Kay Swinburne, vice chair of financial services at KPMG UK and former vice chair of the European Parliament’s Economics and Monetary Affairs Committee, has been named chair of the International Regulatory Strategy Group (IRSG). The role was previously held by former city minister Mark Hoban. The IRSG is focused on promoting regulation that encourages…
Léo Apotheker Joins Appway
Appway, a specialist in technology for workflow automation in financial services, has appointed Léo Apotheker as the first independent member of its board of directors. Apotheker was formerly CEO of German software giant SAP, and is also former CEO and President of Hewlett-Packard. He currently sits on the boards of a number of other leading…
Kavitha Venkita Joins ACA Compliance to Lead Cybersecurity
Kavitha Venkita has been appointed to lead ACA Aponix, the dedicated global cybersecurity and technology risk advisory team at ACA Compliance Group. Kavitha will oversee all aspects of the business, including cybersecurity advisory, cyber and technology risk diligence for financial sponsors and corporates, and vendor management. She has over 20 years of experience in launching,…
RIMES Appoints Former Nasdaq CIO Anna Ewing to Board
RIMES has appointed former Nasdaq CIO, Anna Ewing, to its board of directors as a non-executive director. Ewing will bring her expertise in Financial Services technology solutions to help RIMES further expand its Managed Data Services and build out its product roadmap for its proprietary and scalable technology and platform.During her career, Anna has established…
SmartSearch Appoints Martin Tuvey as Development Director
UK-based anti-money laundering (AML) firm SmartSearch has bolstered its global growth ambitions with the appointment of international development director Martin Tuvey to oversee its expansion into US and European markets. The role was created as part of the firm’s global business growth strategy. Tuvey brings with him insight into the US market having previously developed…
Arctic Intelligence Promotes Darren Cade to CEO
Australian RegTech firm Arctic Intelligence has promoted its longstanding COO, Darren Cade, to CEO; taking over from Artic Founder Anthony Quinn. Cade has an extensive risk management background including over 20 years in risk and operational leadership roles at Macquarie Bank, Deloitte and EY. He will focus on driving growth in key markets and industry sectors…
Featured
FEATURED WEBINAR
Upcoming Webinar: Addressing conduct risk: approaches to surveillance
Date: 3 December 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Conduct risk in financial services is a critical area that requires vigilant monitoring and robust surveillance mechanisms. Regulatory bodies, (FCA, FINRA and others) have tightened their scrutiny and financial institutions must adopt advanced approaches to effectively manage and mitigate…
FEATURED EVENT
AI in Capital Markets Summit London
The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.
FEATURED GUIDE
Regulatory Data Handbook 2023 – Eleventh Edition
Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new…
Top White Papers
Getting Control of Access to Key Market Services
Use of single dealer portals that allow banks to trade assets on behalf of their clients is growing rapidly, particularly among firms in the fixed income and foreign exchange markets in particular. But while trading portals offer great benefits in terms of broader market reach and enhanced client functionality, they bring risks too. Firms are...
How to Build an Efficient Enterprise ESG Data Strategy in Banking with Cloud and Machine Learning
ESG investing is now integral to financial institutions’ activities, motivated by client demands for sustainable investment options, regulatory obligations and a growing cultural shift towards ensuring that capital is allocated in order to do better for the planet and the people on it. Data is the magic dust that is enabling the translation of that...
Best Practice Approaches to Cross-Product Market Surveillance
As perpetrators of financial crime become more sophisticated, regulators worldwide are focusing more of their efforts on cross-product and cross-market manipulation, as evidenced by a growing number of high-profile prosecutions. Led by the UK’s FSA and the EU’s ESMA, regulators in key global markets are targeting sophisticated operators, whose cross-product activities typically involve are able...
Events and webinars
Recorded Webinar: Preparing For Primetime – How to Benefit from the Global LEI
This webinar has passed, but you can view the recording here. Much has been made of the initiative to create a global standard legal entity identifier (LEI). Its backers have taken great pains to explain how the new identifier will improve transparency and contribute to the ongoing regulatory war against systemic risk. After months of...
Recorded Webinar: Practical Applications of the Global LEI – Client On-Boarding and Beyond
This webinar has passed, but you can view the recording here. With the March ‘launch’ of the global legal entity identifier (LEI), the marketplace now officially has a standard it can use for managing entity data. Post-Credit Crunch, the lack of such a standard has forced firms to embark on their own initiatives to create...
Recorded Webinar: FATCA – The time to act is now
This webinar has passed, but you can view the recording here. The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year, but with the exception of a few modifications the legislation...
Awards
RegTech Insight Awards Europe
Introducing the winners in the RegTech Insight Awards – Europe 2024. These awards recognise both established solution providers and innovative newcomers, seeking to herald and highlight RegTech solutions that throughout the year have successfully improved firms’ ability to effectively respond to the evolving and ever more complex regulatory requirements across the global financial services industry.
