Category: compliance

Explore the RegTech Revolution

Future Compliance Careers: The Artificial Intelligence Compliance Officer

Innovative technologies transform the financial industry at all levels and the role of the compliance officer is no different. We have covered the subject of the Future of Compliance Jobs on several occasions over the years and the bottom line is fairly simple: while less complex jobs would be replaced by automated systems, other aspects…
Read more


6th December 2019 0

Protiviti and International RegTech Association study sets out roadblocks to effective KYC

Protiviti and the International RegTech Association (IRTA) have released the findings of a global market study they conducted to investigate the effectiveness of current ‘Know Your Customer’(KYC) processes. The study reveals an urgent need for more effective industry alignment to accelerate the digitizing of KYC processes and greater use of shared platforms. KYC processes involve…
Read more


25th November 2019 0

Innovative Technology That Works for Compliance

Most organizations think their compliance training efforts reduce regulatory fines; however, a 2016 survey found only 66 percent of organizations measure the effectiveness of their compliance training. Considering the cost of compliance violations, you would think more organizations would want definitive performance improvement data. So, why not measure? Often, it’s simply a lack of infrastructure.…
Read more


24th October 2019 0

How regtech is changing compliance at financial firms

Regulation technology spurring changes within departments aimed at meeting financial rules Just as digital technology is forcing advisers to evolve their business, it’s also impacting compliance departments across the financial services industry. At a recent technology event in New York hosted by the Securities Industry and Financial Markets Association, regulatory and compliance experts discussed the…
Read more


7th October 2019 0

Data-driven regulation and compliance is the key to a successful future financial services industry

Data-driven regulation and compliance is the key to a successful future financial services industry With regulators being the ‘public champion’ for new data technologies, this paper explores the automation of regulation and compliance and areas that offer significant potential to transform services and support the work of regulators. The data science technologies of artificial intelligence…
Read more


2nd September 2019 0

5 ways how to resolve the regulatory banking puzzle

Koen Vanderhoydonk from Blanco, a scaling regtech company founded in The Netherlands shares his insights on the current regulatory challenges in the financial industry and how regtech can help. Following the 2008 financial crisis, the financial sector has experienced an increase in regulation and in the disruptive use of technology in the field. Traditional banks…
Read more


13th August 2019 0

Why Regulatory Compliance Can Be Complicated And How AI Can Simplify It

Every industry — from healthcare to entertainment — is overlooked by some or another form of the regulatory body. In fact, in some key sectors such as finance, multiple regulators control different aspects of the sector. For instance, just in the US, there are at least ten different financial regulators such as the Securities and…
Read more


26th July 2019 0

How to build the regulator’s confidence in the cloud

When moving to the cloud, meeting all risk, legal and compliance requirements is non-negotiable. The key question regulators are asking financial services providers is whether they have identified the operational risks associated with migrating to cloud computing and if banks understand the process of managing these obstacles. Part of the answer lies in the cloud…
Read more


22nd July 2019 0

5 Dreaded Events that Threaten Information Assets Compliance

  Life has never been harder for governors of financial services records and data. It was tough enough, in the days before data privacy regulation got brutal, keeping pace with the “What?”, “How?”, “Where?” and “Who?” of records management, alongside the monitoring and maintenance of effective security and retention processes. Today, complexities arising from the…
Read more


18th July 2019 0

FCA working with HM Treasury to finalise rules on SM&CR extension

The Financial Conduct Authority is working with HM Treasury to publish its final rules on the extension to the Senior Managers and Certification Regime (SM&CR). SM&CR was initially introduced by the FCA in 2016, with a goal of lowering harm to consumers and boosting market integrity. The regulation encourages a culture of all levels of…
Read more


16th July 2019 0