data analytics

Glasgow-based AutoRek Partners with Nationwide to Offer Data Management and Cloud-powered Financial Controls
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Glasgow-based AutoRek Partners with Nationwide to Offer Data Management and Cloud-powered Financial Controls

Glasgow-headquartered AutoRek, a firm that provides financial controls and regulatory reporting software, has teamed up with Nationwide to offer a data management solution and cloud-powered financial controls for a three-year period, with a two-year extension plan. Gordon McHarg, managing director at AutoRek, stated: “I am really pleased to welcome an […]

Bain & Co: Banks are Losing Customers to Fintech and Tech Giants
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Bain & Co: Banks are Losing Customers to Fintech and Tech Giants

Traditional banks are losing customers to nonbank competitors because they still lag the digital experience offered by leading fintechs, established specialist companies and major technology companies. In order to stay in the game, retail banks must improve their digital channels’ interface and functionality, according to research by Bain & Company. […]

European Union unsure how to regulate Facebook’s Libra
Compliance data analytics data strategy digital bank finance Fintech global markets Innovation innovative solutions new technology Regulation Regulatory System

European Union unsure how to regulate Facebook’s Libra

The EU cannot work out exactly what Libra is according to a memo by European Commission executive vice-president, Valdis Dombrovskis. Dombrovskis refers to the “need to ensure clarity” about what Libra is, but that the information provided by Facebook is not sufficient. Libra is described as a “moving target” that […]

The buy-side is saving compliance and control professionals from the cold
business development Capital market Compliance compliance training data analytics data protection data strategy finance Innovation new applications regulated investment Regulation Risk Managament

The buy-side is saving compliance and control professionals from the cold

If you work in compliance or regulation in an investment bank, you probably have very good reason to fear the rise of technology. As so-called ‘Reg-tech’ has taken hold, compliance spending is banks’ new target for cost-cutting. It’s fortunate, then, that compliance jobs are still very plentiful on the buy-side. “The buy-side has […]

ZignSec launches new anti-money laundering product as the RegTech company views global markets
banking platform business development Capital market Compliance data analytics data protection data strategy global markets Money-Laundering new applications

ZignSec launches new anti-money laundering product as the RegTech company views global markets

The Swedish RegTech company ZignSec has rolled out a new anti-money laundering (AML) product as the Nordics are still dealing with the fallout of a massive banking scandal. The identity verification venture, which went public in 2019, made the announcement at an event hosted by Sthlm Fintech Week on Monday, […]

Why 67% of companies fear they can’t sustain privacy compliance
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Why 67% of companies fear they can’t sustain privacy compliance

True privacy depends on where and how data travels. Data privacy management and protocol got a facelift with the enactments of the General Data Protection Regulation and the California Consumer Privacy Act. Many companies failed to meet compliance standards in time for GDPR. And for companies that met the deadline, 67% fear […]

InfoComply Launches Compliance and Data Privacy software Platform2.0 to Address New Regulations Worldwide
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InfoComply Launches Compliance and Data Privacy software Platform2.0 to Address New Regulations Worldwide

Consumer data privacy and corporate compliance management firm InfoComply announced today a new version of the company’s software platform, providing upgraded tools for companies seeking compliance with international security and privacy regulations, including the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and Brazil’s New General Data Protection […]

PayPal highlights Venmo profit strategy
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PayPal highlights Venmo profit strategy

PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability. In a fourth-quarter earnings report Wednesday, PayPal CEO Dan Shulman told investors the company is pushing ahead on its Venmo monetization strategy. Key enablers include Pay with Venmo, which allows consumers to use the tool to pay […]

Red Deer and Cappitech combine MiFID II and MAR services for the buy-side
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Red Deer and Cappitech combine MiFID II and MAR services for the buy-side

Compliance technology providers Red Deer and Cappitech will offer each other’s services to their respective clients for a more integrated solution. Technology providers Red Deer and Cappitech have teamed up to combine their services to provide investment firms with a holistic regulatory compliance solution. The partnership will see Red Deer […]

FCA takes control over AML and CTF supervision of UK cryptoasset activities
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FCA takes control over AML and CTF supervision of UK cryptoasset activities

UK businesses conducting cryptoasset activities must register with the FCA. The UK Financial Conduct Authority (FCA) has become the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor for businesses engaging in certain cryptoasset activities under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs). Any UK business […]