Latest Reporting/compliance News: Finextra Research

Swift Operations Forum Europe 2019, Amsterdam - Day 1 report

Financial services innovation and how industry participants can keep up with ecosystem culture were two of the key themes on day 1 of the Swift Operations Forum Europe (SOFE) 2019.

28 November 2019

Company update/regulation

Saxo Bank Japan prioritises cloud-based regulatory reporting

Torstone Technology, a leading global provider of post-trade securities and derivatives processing, today announced that Saxo Bank Securities Ltd. (“Saxo Bank Japan”), the investment and trading specialist, has gone live with the first phase of its migration to Inferno.

26 November 2019

News/sustainable

Standardised data reporting is the lynchpin for future of sustainable finance

In a recent survey by State Street Global Advisors, 52% of European investors cited regulation as the key driver toward ESG adoption. Yet, despite attempts to introduce regulatory requirements, a lack of standardisation in reporting obligations is proving a significant challenge towards achieving meaningful progress.

26 November 2019

News/sustainable

Finnish fintech Enfuce to track CO2e emissions of purchases

Working in tandem with Amazon Web Services and Mastercard, Finnish fintech Enfuce has launched My Carbon Action, a digital tool that allows businesses to track and calculate the carbon dioxide equivalent (CO2e) emissions of every purchase and provide insights into their climate change impact.

21 November 2019

News/sustainable

De-risking sustainable reporting of commercial banking data

While the Sustainable Development Goals (SDGs) set by the United Nations General Assembly for 2030 are ambitious, the financial services industry will play a crucial role in supporting countries with implementing new approaches to build momentum and accelerate progress.

12 November 2019

News/sustainable

SustainableFinance.Live - a new event series

Finextra Research and ResponsibleRisk are collaborating with change agents in the sustainable finance arena to showcase a programme of content, workshops and conferences.

08 November 2019

News/Reporting/compliance

OneCoin scam renews calls for crypto regulation

The trial of crypto scam OneCoin's lawyer has renewed calls for robust regulation of cryptocurrency to address weaknesses of "human failure and human criminality".

06 November 2019

News/regulation

Industry heavyweights establish Alliance to modernise financial regulation

Co-founded by Jo Ann Barefoot, former deputy comptroller of the currency and David Ehrich of fintech credit card startup, Petal, The Alliance for Innovative Regulation (AIR) has been launched to help regulatory agencies deal with the technological challenges posed by fintech innovation.

01 November 2019

Company update/regulation

Cappitech adds Mark Kelly to board of advisors

Cappitech, a leading provider of regulatory reporting and intelligence solutions for the financial services industry, is pleased to announce that Mark Kelly has joined its Board of Advisors.

31 October 2019

News/security

Money 20/20: Fusion centres are the future of fraud prevention

Security executives have a bigger seat at the table when making product decisions in the world of faster payments and online account origination. At Money 20/20 USA, industry experts discuss how technical knowledge and business issues need to be married to truly meet the realities of digital transformation and prevent fraud.

29 October 2019

News/Reporting/compliance

Globalisation of payments highlights need for new standards of governance

2020 will see a development in the standards governing the flow of money to match the increased globalisation of payment processing, according to Deloitte.

28 October 2019

News/regulation

Regtech zooms in on the severe penalties of 6AMLD

The European Union’s Sixth Anti-Money Laundering Directive (6AMLD) is due to take effect on 3rd December 2020 and brings with it a suite of substantial penalties for non-compliance. Here’s what you need to be aware of in the run up to the fast-approaching deadline.

25 October 2019

News/Reporting/compliance

SCA – no more kicking the can down the road

With the EBA announcing a revised deadline for migration to Strong Customer Authentication (SCA) of December 31st 2020, how have industry players reacted and what now needs to happen make the transition a success?

18 October 2019

Company update/wholesale

Visma Connect and Dinocrates get State of Florida financial reporting contract

Visma Connect and its partner, Dinocrates Group, have been awarded a contract to support the state of Florida in designing and implementing standardized taxonomies for state, county, municipal, and special district financial filings, using XBRL.

09 October 2019

Company update/Reporting/compliance

National Bank of Canada goes live with Murex risk system

National Bank of Canada (NBC) has successfully implemented and is now live on Murex’s MX.3 Risk and Regulatory Suite.

07 October 2019

News/ai

Can AI detangle the spaghetti of banking systems?

At Microsoft’s Future Decoded event in London, AI was the principal topic for discussion, with financial services no exception.

03 October 2019

News/payments

81% of banks would collaborate with fintech partners to execute digital transformation - Finextra

At EBAday 2019, hosted by Finextra in association with the EBA, it was revealed that 81% of banking executives would collaborate with partners to execute digital transformation most effectively.

01 October 2019

Company update/Reporting/compliance

Identitii selected to test ACCC's Consumer Data Right ecosystem

Identitii Limited (Identitii, Company) (ASX:ID8), the FinTech reducing last mile payment hold ups for banks and corporates, announces it has been selected by the Australian Competition and Consumer Commission (ACCC) as one of just ten companies to test the Consumer Data Right (CDR) ecosystem.

26 September 2019

Company update/regulation

Revolut selects Bearingpoint Regtech to manage regulatory requirements

BearingPoint RegTech, a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech), welcomes the UK-based financial technology company Revolut as a new customer for its Abacus360 Banking solution. Revolut will be using Abacus360 Banking for EBA and AnaCredit reporting.

26 September 2019

Company update/Reporting/compliance

OTCX integrates thinkFolio's investment management platform

OTCX, the leading multi-dealer bilateral RFQ platform for off-venue interest rate derivatives, is delighted to announce the successful certified integration with thinkFolio, IHS Markit's investment management platform.

26 September 2019