Shield Financial Compliance (Shield FC), a cross-regulation compliance platform providing a 360 view on eComms and trades utilizing AI, NLP and visualization capabilities to make compliance more efficient and ROI driven, today announces its membership of B-Hive.
B-Hive is a Brussels-based European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Its Executive Chairman, Fabian Vandenreydt states: "We are excited to welcome Shield FC to the B-Hive community! Their expertise in the ever-changing RegTech landscape will be a great asset to the community overall."
Vice President Global Sales and Business Development at Shield FC, Eran Noam, states: “We are delighted to join B-Hive as part of our expansion plans across Europe. Brussels is the perfect gateway into the financial hubs of the EU and beyond, a vital market for firms looking to further explore and improve their digital transformation in the sector.”
Eran adds, “This is just the latest part of Shield FC’s ambitious expansion. We already have an exciting presence and portfolio of clients in London and have recently unveiled our entry into the heavily regulated German financial market, where the Shield 2.0 Financial Compliance Data Management Platform is introducing machine learning to drive down false positives.”
With increasing legislation such as MiFID II, MiFIR, GDPR and Dodd FRANK across financial markets worldwide, RegTech solutions have never been more important or in demand. The Shield FC platform is unique in its ability to capture, archive and investigate interactions across all electronic communications (eComms) channels.
By joining B-Hive, Shield FC will work closely with major banks, insurers and market infrastructure organisations to fine-tune its solutions, ensuring they continue to precisely match the evolving requirements of the financial sector. B-Hive ensures its members can work on common innovation challenges and builds bridges to the start-up and scale-up community inside and outside the Eurozone and EU.
Shield FC’s B-Hive membership follows recent news that a large European investment firm has adopted its eComms platform to enhance both regulatory compliance and customer assurance.