Reporting/compliance

909 articles tagged with this keyword

/regulation

SteelEye reinforces commitment to SOC 2 compliance

SteelEye, the compliance technology and data analytics firm, has reinforced its commitment to ensuring institutional-grade data security by achieving System and Organisation Controls (SOC) 2 compliance.

/retail

ZA Bank receives Type 1 SFC licence

Hong Kong’s No.1 virtual bank ZA Bank has expanded its footprint into investment business as the first local digital-only bank to be licensed by the Securities and Futures Commission (SFC) for Type 1 regulated activity (dealing in securities).

/regulation

Viola Money enters administration

On 21 December 2021, a special administration order was made by the Court, in relation to Viola Money (Europe) Limited, under the 2021 Payment and Electronic Money Institution Insolvency Regulations.

/wholesale

Barclays to operate as foreign ADI in Australia

Barclays today announced that the Australian Prudential Regulation Authority (APRA) has authorised Barclays Bank PLC to operate as a foreign authorised deposit-taking institution (ADI) in Australia. Barclays Bank PLC Australia Branch is targeted to go-live as a foreign bank branch locally in April 2022.

/regulation

Broadridge proxy voting service goes live in France

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), and SLIB, a leading-edge software vendor in electronic voting and securities services based in France, have announced the live operational running of their joint cross-border proxy voting solution.

/identity

GBG acquires Acuant

GB Group plc (AIM: GBG), the experts in digital location, identity and identity fraud software, has today announced that it has reached agreement to acquire Acuant, a leading identity verification and KYC/AML compliance provider, for a cash-free, debt-free enterprise value of $736 million. The acquisition of Acuant brings together two of the leaders in the global digital identity market with a combined revenue of c.£265 million.

/sustainable

EY verifies Meniga's carbon footprint calculator

Meniga (www.meniga.com), the global leader in digital banking and personal finance solutions, today announced that the index underpinning its innovative green banking solution ‘Carbon Insight’ - which allows banking app users to track and reduce their carbon footprint - has been reviewed by EY, one of the “Big-4” accounting & professional services firms in the world.

/regulation

Willis Towers Watson and ITFA launch harmonised Basel III policy

After three years of effort and numerous negotiations with insurers, banks, law firms and brokage firms, ITFA has released a Basel III policy form which elevates policy wordings and enhances market efficiency based on an original policy form developed by Willis Towers Watson (NASDAQ: WTW).

/cloud

BT launches solutions to help financial institutions utilise cloud

BT today announced a portfolio of industry-tailored solutions to help financial services firms take a controlled approach to adopting cloud. BT Cloud Control for Financial Services helps customers’ IT teams address the challenges they face in balancing the risks and rewards of moving their applications and secure data to the cloud; it helps chart the path to growth and delivering outstanding digital experiences.

/retail

Nucleus Commercial Finance granted accreditation to offer RLS term loans

Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, has been accredited by the British Business Bank under the government-backed Recovery Loan Scheme (RLS). Nucleus will be the first lender to offer interest-only on all RLS term loans.

/devops

Cloud security solution provider ThycoticCentrify enhances devops offering

ThycoticCentrify, a leading provider of cloud identity security solutions formed by the merger of privileged access management (PAM) leaders Thycotic and Centrify, today announced enhancements to its PAM solution for DevOps, Thycotic DevOps Secrets Vault. The latest version offers certificate-based authentication and the ability to configure Time-to-Live (TTL) for secrets, leading to even tighter DevOps security and easier management.

/crime

Total value of AML enforcement is skyhigh, reaching $2.2bn in 2020

Kroll, the world’s premier provider of services and digital products related to valuation, governance, risk and transparency, has today published new data showing that the COVID-19 pandemic has not stunted global enforcement action for anti-money laundering (AML) failings.

/wealth

Wahed receives license from South African regulator FSCA

Wahed Inc, (Wahed) parent company of a leading halal financial investment platform, has received a new regulatory license from the Financial Sector Conduct Authority (FSCA), the regulator of the South African financial markets.

/crypto

Goldex launches online academy for financial literacy around gold

Goldex, the award-winning multi-dealer marketplace for allocated physical gold, today announced that it has launched a free online academy to democratise financial literacy around gold. Goldex Academy hosts a dedicated vault of expert-backed content with everything an individual needs to know about investing in gold, regardless of their prior financial experience or background.

/regulation

PwC and Cube to shake up regulatory compliance management

Compliance in financial services is set to be transformed by technology-based assessments drawing on regulatory data from 180 jurisdictions as part of a collaboration between PwC and RegTech company CUBE.

/regulation

Clausematch launches compliance management programme

Global RegTech firm Clausematch officially announced today the launch of the Partnerships and Certification programme. The main goal of the programme is to create an end-to-end holistic solution and an ecosystem for a complete compliance process, as well as educate the market we're working with to get wider adoption of digital transformation.

/regulation

Revolut extends use of BearingPoint RegTech solution to meet regulatory reporting requirements

BearingPoint RegTech accompanies leading financial technology company Revolut as it expands its international brand and entities. Revolut will extend the use of the Abacus360 Banking solution as it faces new regulatory requirements after opening a bank in the United Kingdom. Revolut already relies on the innovative regulatory reporting solution by BearingPoint RegTech since September 2019, when it selected Abacus360 Banking with a Managed Services offering for EBA (European Banking Authority) and AnaCredit reporting. In total, three additional modules (UK Statistical Reporting Module, EBA Solo Reporting Modules and EBA Consolidated Modules) are now being added to the solution to meet the requirements imposed by UK regulators with regards to PRA (Prudential Regulation Authority), EBA and BoE (Bank of England) statistical reporting. Since Revolut already uses Abacus360 Banking via Managed Services, there is no need to implement new software. Instead, reports can easily be added to the software and services that are already in place.

/regulation

MSCI expands SFDR reporting service

MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today expanded its toolkit of climate data and reporting capabilities to help investors meet the requirements of the European Union (EU) Sustainable Finance Disclosure Regulation (SFDR).

/regulation

Mansfield Building Society taps Suade Labs for reg reporting

Award-winning RegTech firm Suade Labs, specialised in bridging the regulatory gap through modern technology, has recently added Mansfield Building Society to its client portfolio.

/regulation

Anorak and Iress to provide regulated protection advice for mortgage brokers

Anorak, the world’s first fully automated life insurance advice platform, has today announced a partnership with Iress, the market-leading financial software company, to provide a cutting-edge protection advice platform to mortgage brokers.