Cyber, Identity and Privacy (CIP) – Trends and Challenges

This is the first of a series of two posts exploring the Cyber, Identity and Privacy (CIP) category of our RegTech Taxonomy. Below, we explore the challenges posed to the financial industry from cyberattacks, data security, and privacy. The next post will explore the technological solutions and trends we are seeing in the market. Banking … Continue reading Cyber, Identity and Privacy (CIP) – Trends and Challenges

Our 2020 Financial Crime Predictions

Fighting financial crime will continue to be a key focus for the global financial industry in 2020. Regulators show no sign of easing up on their expectations with respect to Anti Money Laundering (AML) compliance, especially given the findings of the EU’s postmortem report on recent money laundering cases involving EU banks, the high profile … Continue reading Our 2020 Financial Crime Predictions

Digital finance leads to a paradigm shift in fraud detection technology

2019 was not a good year for fraud detection. The Cifas Fraudscape report showed that fraud in the UK actually rose by 6% in 2019. Accompanied by the fact that 9 of 10 flagged transactions that are suspected fraud are later cleared, this rocky landscape can ruin relationships with consumers and waste company time and … Continue reading Digital finance leads to a paradigm shift in fraud detection technology

Regulatory Challenges of Saxo Bank

Our Associate Lilia Tira recently discussed all things RegTech with Rachel Przybylski, Regulatory Affairs and Company Secretary at Saxo Markets UK. Rachel Przybylski Saxo Markets is a UK FCA regulated entity of Saxo Bank AS, which is headquartered in Denmark. The Saxo Bank Group is a provider of electronic trading and investment services, entering the market … Continue reading Regulatory Challenges of Saxo Bank

Machine Learning can bolster our defences against financial crime

As winter approaches, so does the season of coughs, colds and ‘flu. Many of us will take the opportunity of having a ‘flu vaccine to ward off this seasonal lurgy. Unfortunately, ‘flu vaccines are not 100% effective because the ‘flu virus mutates rapidly, making it difficult for medical experts and scientists to predict precisely which … Continue reading Machine Learning can bolster our defences against financial crime

How technology can make name screening easier….

Whilst President Donald Trump’s tweets have already been found to move markets, and having significant consequences for investors, his more recent pronouncements about economic sanctions against Turkey are likely to prove even more of a headache for compliance departments. Financial firms are obligated to comply with economic sanctions as part of their financial crime compliance … Continue reading How technology can make name screening easier….

Roundtable banner for 12/9

Joining the FinCrime dots

For our fourth in our series of industry roundtables in collaboration with the FCA, we gathered financial crime practitioners, regulators and RegTech vendors in the Shard for a morning of lively and engaging discussion on all things KYC. Over 20 global banks, asset managers and FinTechs were represented and we also welcomed members of the … Continue reading Joining the FinCrime dots

Navigating the Fog of RegTech Innovation

As with all markets, the RegTech market comprises buyers and sellers - buyers being the regulated institutions dealing with the challenges of ever-increasing regulation and the sellers are the RegTech vendors, offering innovative technological solutions to help regulated firms meet those challenges. Sitting between both sides of the market, here at RegTech Associates we are … Continue reading Navigating the Fog of RegTech Innovation

Trade Finance: the challenge for RegTech

In discussion with Farah Shaikh, Trade Finance Expert, member of the ITFA* FinTech Committee Tell us about Trade Finance - how big is this market?  In simple terms, when goods are exported, the exporter will require payment for the goods in advance of the shipment, meaning the importer bears the risk of those goods not … Continue reading Trade Finance: the challenge for RegTech

The role of RegTech in the future of markets: Part 2

RegTech Associates were in discussion with Richard Fenner, Manager, Regulatory Affairs, World Federation of Exchanges (WFE) Part 2: What the WFE sees in the future What is the potential and interest for new technologies (AI, ML, DLT)? One of the things that characterises a lot of these new technologies is the necessity for collaboration. The … Continue reading The role of RegTech in the future of markets: Part 2