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RegTech

Regulatory technology, is a new technology that uses information technology to enhance regulatory processes. With its main application in the Financial sector, it is expanding into any regulated business with a particular appeal for the Consumer Goods Industry. Often regarded as a subcategory under FinTech, RegTech puts a particular emphasis on regulatory monitoring, reporting and compliance and is thus benefiting the finance industry.

Justin Fitzpatrick

Justin Fitzpatrick Co-founder and CEO at DueDil

The growing urgency for proactive customer monitoring in commercial banking

During the middle of last year, Commerzbank AG (London Branch) was slapped with a £37.8 million fine from the FCA for failing to put adequate anti-money laundering systems and controls in place. Commerzbank was aware of the weaknesses in its operations and had failed to take reasonable and effective steps to fix them despite the FCA raising conc

/regulation /crime

Retired Member

Retired Member 

SPANISH FTT - NO TIME FOR SIESTA

As 2021 unfolds, the topic of tax is set to dominate headlines. Tax to recoup the costs of Covid, tax on large, high profit companies, and new areas of tax to generate revenue and influence changes in society, such as environmental social and governance (ESG). One tax that has gone live without much of a splash, though, is the new Spanish financia...

/regulation /markets

Retired Member

Retired Member 

Why policy management is no longer a back-office function

RegTech is set to have a pivotal year in 2021. The pandemic has brought the advantages of using regtech very much to the fore. A particular example has been communication surveillance, given recent announcements from the UK Financial Conduct Authority (FCA) on the subject of monitoring home workers as effectively as those in an office environment....

/regulation /sustainable

Adam Holden

Adam Holden Chief Executive Officer at NorthRow

7 Biggest Challenges of KYC Monitoring

Many firms have taken the trouble to digitally transform their onboarding, but are wasting eye-watering sums of money and man-hours on inefficient processes when it comes to ongoing monitoring. And yet KYC monitoring is vital to ensure compliance with Money Laundering directives so where does it all go wrong and what can firms do to implement chan...

/regulation /crime

Serkan Arslan

Serkan Arslan Sales and Business Development Director, CAMS at Fineksus

How to detect commonly used Trade-Based Money Laundering 'TBML' techniques

What does Trade-based Money Laundering (TBML) mean? Trade-based Money Laundering (TBML) is defined as the use of trade activities and transactions to transfer illicit cash of big quantities into legitimized or -in some cases- less suspicious commodities in order to avoid financial transparency regulations. There are different techniques of using T...

/regulation /crime

Devin Redmond

Devin Redmond Founder and CEO at Theta Lake

Four Security and Compliance Predictions for the Fintech Industry in 2021

The past year has prompted radical shifts to the corporate world, the likes of which we’ve never seen before. With the mass closing of traditional office spaces, companies across all industries were forced to reckon with an entirely digital world – whether they were ready for it or not. This new virtual collaboration space morphed the fundamentals...

/regulation /predictions

Retired Member

Retired Member 

The journey to automated regulatory change: how far have we come, and how much further to go?

Since the 2008 financial crash, financial services have developed their compliance systems at pace. From tools that analyse trades and behavioural anomalies, to those that track and map changing financial regulation – manual, error-prone systems are fast becoming a thing of the past. CUBE’s Elliot Burgess reflects on the journey of automation so f...

/regulation /people

Vladimir Ershov

Vladimir Ershov Head of Data Science & Machine Learning at Clausematch

Regulation 2.0 : The AI technology revolution is here and now

How do we reimagine the regulatory framework? In an increasingly interconnected world financial services are rapidly blurring boundaries. They need to constantly keep track of changing regulatory obligations in different jurisdictions, fragmented and differing rules written in different languages and using different taxonomy. One specific area of ...

/regulation /markets

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