Month: July 2019

Explore the RegTech Revolution

The ethical use of data for training machine learning technology

Adoption of AI technology is accelerating at a rapid rate. Gartner has forecast that by 2020, AI will be a top-five investment priority for more than 30 % of CIOs. A McKinsey study estimates that tech companies are spending somewhere between $20bn and $30bn on AI, mostly in research and development. While the social utility…
Read more


31st July 2019 0

ACI Worldwide announces new RegTech tools to comply with upcoming strong customer authentication rules

Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU’s Revised Payment Service Directive (PSD2) snapping into action in September. The new rules will introduce regulations regarding strong customer authentication, or SCA. This means customers will have added protection when paying online. When…
Read more


30th July 2019 0

Why is RegTech investment around the world growing?

Investment in RegTech companies has reached record levels in the first six months of 2019. The question is why that is and if the growth will continue. The RegTech sector is booming. The industry has just experienced a record-breaking first six months of the year with $3.7bn having already been injected into the industry. That’s…
Read more


29th July 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 Wealth Managers Are Using Technology To Understand Their Clients Better

The dynamic playing out across the banking landscape—from retail to private wealth management—is one where technology-driven offerings and platforms increasingly define the brand and the personal relationships underlying the business. Services have been changing since the arrival of digital platforms and the deployment of technologies like artificial intelligence. Now it’s vital for wealth managers to…
Read more


25th July 2019 0

European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied. Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before it can launch: “You’ve got…
Read more


24th July 2019 0

Kalyera and Epiphany join forces in new partnership ahead of the September PSD2 deadline

The final rules of the EU’s Revised Payment Service Directive (PSD2) snap into action in September. Now Kaleyra, an in-mobile messaging service for banks and companies, and Epiphany, a RegTech startup specializing in PSD2 compliance have joined forces to ensure financial services businesses can comply with the changes. However, the two will do more than…
Read more


23rd 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

Banking software company Temenos acquires Logical Glue for £12m

By scooping up London-based Logical Glue, Temenos is strengthening the legal compliance of its banking platform. Launched in 2012, Logical Glue uses artificial intelligence (AI) to inform better decisions through huge data sets. This is particularly useful for banks as global regulators are increasingly mandating that customers have the right to know how automated decisions…
Read more


19th 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