Global tax software provider Sovos has acquired e-invoicing solution Foriba and tax solution Eagle Technology Management (ETM). ETM delivers statutory financial reporting and insurance premium tax software to insurers and unclaimed property reporting solutions and services to financial institutions, corporations and insurers in the US. Following the close of the deal, ETMs technology stack will…
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Document management company ClauseMatch has received $2.5m in venture debt funding from Silicon Valley Bank. This debt facility will be used to support ClauseMatch’s growth in Europe and Asia. The RegTech 100 company recently began operations in South East Asia, with Singapore as its base, and is already serving multiple companies in the region. To…
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UK regulators are to convene an industry-led ‘Technology Working Group’ to drive reforms in post-trade processing in a bid to encourage innovation, reduce complexity and increase systemic resilience. The aim of the Group, which will be overseen by the Financial Conduct Authority and the Bank of England, will be to stocktake current and emerging post-trade…
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The Securities Commission Malaysia (SC) has published its Guiding Principles on Business Continuity for capital market entities. These principles set out SC’s expectations of the business continuity management within capital markets, in order to ensure quick continuity of critical services and fulfilment of business obligations when there are disruptions. This comprehensive approach will help to…
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Britain is now the world’s number 1 destination for all types of the financial market investment. Here is our detailed report There have over the years been many a dubious speculation relating to where the majority of the world’s financial investment transactions take place, however, when a genuine report is generated by a respected multi-national…
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Corporate compliance is a hot topic these days. From the General Data Protection Regulation (GDPR)’s the big introduction in the EU last year to the daily headlines about data breaches, we’re constantly reminded of the impact and costs of noncompliance. For example, in 2017, Nissan Co. lost its ISO 9001 certificates on quality management for domestic…
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(NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that a payment scheme in the Middle East and a universal bank in Iceland have chosen Fiserv technology to streamline anti-money laundering (AML) processes and effectively manage fraud risk. Mercury Payment Services and Arion Bank were seeking a provider with proven expertise and join more than 1,200 organizations worldwide that rely…
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A recent report from the World Economic Forum highlighted why financial services should welcome what has been dubbed the “fourth industrial revolution” after the impact it has had on a range of sectors such as healthcare, retail and agriculture. With the development of digital technology, automation and personalization have been put on a pedestal in…
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French financial services giant Societe Generale Group has issued about $112 million worth of bonds in the form of a security token on the public ethereum blockchain. Announced today, a subsidiary called Societe Generale SFH used the OFH token (obligations de financement de l’habitat, or home financing obligations) to represent 100 million euros of covered bonds, a…
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As the concept of fintech has come to symbolize the growing importance of technology in the financial sector, innovations are continuously being developed around the globe. Financial technology, often called fintech, now covers a wide range of technological innovations in the financial sector affecting virtually every industry that can be so categorized. At this point,…
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