Risk Management Systems Insights

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The rise of goAML reporting and the impact of data quality

18th September 2017

As of June 2017, all reporting entities in Ireland are required to submit their regulatory reports, such as suspicious transaction reports (STRs), electronically to the Irish Financial Intelligence Unit (FIU) using the goAML portal. This is part of a global trend where regulators are standardizing reporting platforms, and represents a significant... read more
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4th EU AML Directive: What you should know

14th September 2017

Company: Trapets AB
The EU’s 4th Anti-Money Laundering Directive (4th EU AML Directive) was enacted on 25 June 2015, and fully implemented on the 26 June 2017, replacing the third Anti-Money Laundering Directive. As well as a greater emphasis on risk assessments to combat money laundering (AML) and terrorist financing (CTF) at every level, the Directive... read more
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Compliance solutions: To build or buy regtech?

14th September 2017

Company: Infosys Limited
Regulatory compliance has always been and will always be one of the top priorities and concerns of every financial institution (FI). Regulatory reforms following the global financial crisis of 2008 compelled FIs to make substantial investments in risk and compliance – both in terms of technology and headcount – to prevent and remediate... read more
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Fintech is still booming in India despite general economic downturn

13th September 2017

Company: bobsguide
India’s gross domestic product (GDP) growth failed to meet expectation as it slumped to 5.7% during Q2 this year, government data reported late last month. This compares to Q1 growth figures of 6.1% this year and 7.9% for Q2 last year. Many analysts expected GDP figures to rise following the government’s crackdown on black... read more
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MiFID II: Six significant changes for Client Lifecycle Management

13th September 2017

Company: Fenergo
The Markets in Financial Instruments Directive II (“MiFID II”) aims to improve current European legislation by introducing further transparency into financial markets and extending increased protection to investors. The incoming directive will add increased complexity to the Client Lifecycle Management process for banks within the EU,... read more
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“There’s a lot of hand waving with machine learning in Trade Surveillance”

4th September 2017

Company: bobsguide
bobsguide spoke to Dermot Harriss, Senior Vice President of Regulatory Solutions at OneMarketData, about how machine learning and new regulations are changing the landscape of trade surveillance, and how a balanced mix of data management via machine learning can reduce false positives and minimise costs for firms. How did you get into trade... read more
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The important role of the chief transformation officer in digitising financial services

30th August 2017

Company: Tungsten Network
The digital revolution has shaken up the business world and fundamentally changed the way we all operate. But while digital technology has been available since the 1950s, the business community is still working hard to ensure all large businesses have a digital first approach. Like any radical overhaul of working practices, it is not without its... read more
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The smart route to financial inclusion

29th August 2017

Company: Juvo
It’s a Catch 22: to get financial credit, you need a credit history; to get a credit history, someone has to give you credit. And in many developing markets, that’s unlikely to be a bank. Not for the first time, the mobile phone is well placed to come to the rescue – but this time, it needs a little data science help. The... read more
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Fintech in 2017 recap: The most read bobsguide articles of the year so far

28th August 2017

Company: bobsguide
In case you missed it... the bobsguide articles that have generated the most interest in 2017 to date.   The most significant fintech acquisitions of 2017 so far According to KPMG’s Pulse of Fintech report, fintech VC activity in Europe has hit a historically high level for successive quarters. In Q1 2017, global... read more
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What are your risk management system concerns?

24th August 2017

Company: bobsguide
Increased regulatory burdens and unforeseen risk threats are rapidly evolving the risk management landscape. New considerations for CROs are cropping up with at a rate where reactive IT patches moved by vast sums of money are not a viable solution. Likewise, there are circumstances where an outsourced IT approach cannot account for wider... read more