Almost three-quarters of capital markets participants are utilising data standards and identifiers beyond their immediate regulatory use cases, realising the huge benefits that ordered and consistent datasets can bring to an enterprise’s entire operations. The findings of an A-Team Group Data Management Insight poll showed that 40% of respondents said they are using the resources to a “great extent”, while another 33% are using them to a “good extent”. Just 13% reported they aren’t utilising them at all. The poll illustrates how financial institutions are seizing on the consistency t ..read more

The merger of Gresham Technologies and Alveo, which was announced last week, was born of a desire by each company to scale their capabilities to meet growing international demand from financial institutions at a time of increased focus on data management. The venture saw Gresham Technologies delist from the public market to create the new company, which will be known as Gresham. The deal has resulted in a company that combines Gresham Technologies’ transaction control and reconciliations, data aggregation, connectivity solutions and regulatory reporting capabilities with Alveo’s enterprise dat ..read more

Investment Banking firm Jefferies has deployed AWS services to streamline OTC derivatives post-trade operations to meet the new T+1 settlement deadline. The implementation was presented as a case study at the recent AWS Summit in New York. The session was presented by Jefferies’ executives Sudhakar Paladugu, SVP Corporate Technology, and Manish Mohite, SVP Global Head Public Cloud. Despite the best efforts of the International Swaps Dealers Association (ISDA) the middle office OTC derivatives confirmations (confirm) process has remained largely manual due to variations in templates across coun ..read more

The recent A-Team webinar “Best Practices in regulatory Reporting” identified data quality, adoption of standards, and transparent stakeholder communications as recurring themes in an effective regulatory reporting strategy for today’s complex and rapidly changing regulatory environment. This webinar brought together experts from the practitioner and RegTech communities; Jehangir Abdulla, Head of Back Office Development at Schonfeld Strategic Advisors LLC., and Joshua Beaton, Head of Non-Financial Regulatory Reporting (NFRR) at Wells Fargo. The RegTech sector was represented by Paul Rennison ..read more

The Fixed Income Clearing Corporation (FICC), a subsidiary of the Depository Trust and Clearing Corporation (DTCC), has launched two new publicly available tools to help participants navigate the financial obligations that come with membership in a clearing system. The facilities are aimed at helping firms address the post-trade implications of a Securities and Exchange Commission (SEC) July 2023 rulemaking that mandated central clearing for a wide range of U.S. Treasury (UST) securities transactions including cash, repurchase agreements (repos) and reverse repos. Related: Book your place for ..read more

By David Turmaine, Head of International at Broadridge Consulting Services, and Maria Siano, Head of International Strategy at Broadridge. Today’s digital world is increasingly complex, characterised by interconnected systems and data that is stored, and widely shared, online. Looking through a financial services lens, cyber threats and incidents are becoming more sophisticated, posing significant risks to financial stability and security. The number of attack vectors has multiplied in line with the growing reliance on technology and associated spike in remote and decentralised working since t ..read more

Duco, a data management automation specialist and recent A-Team Group RegTech Insight Awards winner, has launched an artificial intelligence-powered end-to-end reconciliation capability for unstructured data. The Adaptive Intelligent Document Processing product will enable financial institutions to automate the extraction of unstructured data for ingestion into their systems. The London-based company said this will let market participants automate a choke-point that is often solved through error-prone manual processes. Duco’s AI can be trained on clients’ specific documents, learning how to in ..read more

This past 18 months has been a time of significant growth for RegTech consolidator Corlytics. RegTech Insight recently spoke with founder and CEO John Byrne to delve into the Corlytics backstory and learn more about the company’s development. Corlytics is Byrne’s fourth company. He describes how, after the 2018 financial crisis, experiences at his prior company shaped the insights and innovation that would become Corlytics. “If you look back at the early 2000s, banking was about the P&L but after 2008, banking and the capital markets became about the balance sheet and risk. Compliance and ..read more

By Osvaldo Berrios, SME, Compliance, NICE Actimize. The financial services industry is undergoing a transformative shift, with artificial intelligence (AI) playing a central role. Investment firms are starting to explore the potential of Generative AI (GenAI) to enhance their business dealings, particularly in the areas of monitoring, surveillance and regulatory compliance. Monitoring and Surveillance One of the primary areas that GenAI provides value to investment firms is detecting anomalies. GenAI can be trained on historical data to identify patterns of normal advisor activity which can th ..read more

Kaizen’s Single Rulebook has won the award for Best Solution for Regulatory Change Management in A-Team Group’s RegTech Insight Awards Europe 2024. The London-based company’s product impressed judges with its ability to streamline compliance workflows. The RegTech Insight Awards recognise established providers and innovative newcomers that offer solutions that are successfully improving firms’ ability to respond effectively to evolving and ever more complex regulatory requirements across the global financial services industry. Winners are selected by A-Team Group’s independent, expert advisory ..read more