Fenergo Regulatory Onboarding Solution Implemented by Scotiabank
February 18, 2014 - Fenergo today announced that the firm's Regulatory Onboarding solution has been launched by Scotiabank, Canada's most international bank.
Indus Valley Partners Launches Cloud Based Regulatory Compliance Platform
February 19, 2014 - Indus Valley Partners (IVP), a leading provider of technology solutions to alternative asset managers, announced today the introduction of IVP RAPTOR cloud, enabling the smallest to the largest alternative asset managers to meet their global regulatory reporting needs from a purpose-built cloud platform.
Alacra adds CounterpartyLink legal entity intelligence to client onboarding tool
February 18, 2014 - CounterpartyLink (CPL), the trusted source of evidence-based legal entity intelligence, today announces that it has teamed-up with Alacra, Inc., a leading provider of business information solutions for financial institutions and professional service firms, to offer CPL legal entity intelligence within Alacra Compliance Enterprise (ACE), Alacra's award-winning client on-boarding workflow tool.
New Survey Suggests Regulatory Change is Slowing Growth Among Financial Services Firms
February 10, 2014 - New research from SunGard* has highlighted how regulatory change is second only to market volatility as an executive issue for financial services firms. With many new regulations taking effect during the course of 2014, in some cases it is even considered the number one strategic risk. Senior executives are now concerned that regulatory change is distracting attention from core business activities and potentially hindering companies' ability to grow.
Senior Management Increasing Efforts Globally To Combat Money Laundering
February 3, 2014 - Attention being paid by senior management to money laundering challenges is at an all time high according to findings from a new KPMG International report. Nine in ten of respondents (88 percent) said that AML issues are back at the top of the agenda for senior management rather than being squeezed by competing priorities as has been the case in similar studies over the past ten years (up from 62 percent in 2011).
Money laundering worrying FS boards says KPMG survey that highlights IT concerns
January 30, 2014 - Senior financiers are worried about money laundering with 84% of the 317 anti-money laundering (AML) and compliance professionals questioned in the '2014 KPMG Global AML Survey' last quarter admitting that it is now a major concern in their business risk assessment and 88% commenting it is now top of their firms' boardroom agenda.
Standard Bank hit by $12.6m FCA fine for failures in AML controls
January 23, 2014 - The Financial Conduct Authority (FCA) has fined Standard Bank £7,640,400 for failings relating to its anti-money laundering (AML) policies and procedures over corporate customers, connected to politically exposed persons (PEPs).
FCG to use Algorithmica platform for risk and compliance services
January 17, 2014 - Algorithmica Research AB and FCG - The Financial Compliance Group AB are pleased to announce that FCG's risk and compliance services offering will be based on Algorithmica's ARMS and Quantlab system platform for financial analytics, market risk and compliance reporting.
