Latest Reporting/compliance News: Finextra Research

41% of banks missed PSD2 deadline says survey

Close to half of banks (41%) failed to meet a recent deadline for the Payment Services Directive (PSD2) to provide a testing environment or 'sandbox' for any third party service providers (TPPs).

21 March 2019

Company update/Reporting/compliance

Avaloq signs clients for PSD2 service

Global fintech leader Avaloq has announced that 12 financial institutions have signed up to its dedicated Second Payment Services Directive (PSD2) solution to meet the 14 March deadline.

21 March 2019

Company update/Reporting/compliance

Banque Palatine selects AxiomSL for reg reporting

AxiomSL, the leading provider of regulatory reporting and risk management solutions, announces that Banque Palatine, a subsidiary of Groupe BPCE, has selected AxiomSL’s strategic platform to comply with AnaCredit reporting requirements in France.

11 January 2019

News/devops

Developer experience is crucial to the consumer Open Banking offering

In an interview with Finextra, ForgeRock’s VP of financial services and regulatory, Nick Caley reveals that both PSD2 and Open Banking have created a template that other countries are looking to mimic by implementing standards in Europe.

10 January 2019

News/Reporting/compliance

India central bank convenes digital payments panel

Reserve Bank of India (RBI) has recruited the Infosys chairman Nandan Nilekani to head up an advisory panel on the development of digital payments.

09 January 2019

News/Reporting/compliance

Open Banking is in the customer’s hands in the age of data breaches

Following news of the Marriott data breach, panelists at Fintech Connect 2018 believe that while concern about the security of data retention still exists, open APIs have resulted in a paradigm shift around how data is controlled.

05 December 2018

News/Reporting/compliance

Switzerland adopts new fintech authorisation rules

The Swiss government has amended its Banking Act to include new authorisation rules for fintechs in its latest bid to boost innovation in the sector.

30 November 2018

Company update/Reporting/compliance

Deutsche Bourse taps RegTek.Solutions for pre-validation service for regulatory reporting

Deutsche Börse Group and RegTek.Solutions, the global provider of regulatory reporting solutions, today announced a strategic partnership to deliver a certified testing and pre-validation service for clients of Deutsche Börse’s Regulatory Reporting Hub.

30 October 2018

Company update/Reporting/compliance

Land Bank of Taiwan in Singapore switches on Wolters Kluwer OneSumX for reg reporting

Land Bank of Taiwan’s Singapore Branch has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software, allowing the bank to comply with the upcoming Monetary Authority of Singapore (MAS) Notice 610 requirements.

18 October 2018

News/Reporting/compliance

Danish watchdog could face EU inquiry over Danske Bank scandal

Denmark's Financial Services Authority (FSA) is bracing itself for a formal enquiry from the European Banking Authority over the money laundering scandal at Danske bank that was reported last week.

25 September 2018

News/Reporting/compliance

Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.

25 September 2018

Company update/Reporting/compliance

RegTech Association bolsters leadership team

The RegTech Association (RTA) has announced the appointment of a new CEO and two board members: leading advocacy expert, Deborah Young as CEO; Commonwealth Bank’s (CBA) Head of Governance & Assurance, Jasper Poos as Director and serial RegTech entrepreneur, Harold Lucero as Director.

24 September 2018

Company update/Reporting/compliance

Fintech lobby group opens North American division

The Financial Data and Technology Association (FDATA), which played a pivotal role over the last five years in crafting the design and implementation of open banking standards in the United Kingdom and in Europe, announced today the launch of a North American arm, FDATA North America.

21 September 2018

News/Reporting/compliance

Hackers steal $60m from Japanese crypto exchange

Security problems in the cryptocurrency market continue to mount after a Japanese digital currency exchange, Zaif, lost $60m to hackers.

20 September 2018

News/Reporting/compliance

Crypto exchanges’ legal status questioned in NY

New York’s Attorney General (AG) has reported three crypto exchanges to the state’s regulator for possible violations of digital currency violations.

19 September 2018

Company update/Reporting/compliance

BSO and Hoptroff partner for Time-as-a-service platform

Global network provider, BSO has partnered with Hoptroff London, the time-synchronization software experts, to provide the financial services community with the first fully traceable accurate Time-as-a-Service (TaaS) on the market.

18 September 2018

Company update/Reporting/compliance

Finra releases RegTech report

FINRA today released a white paper outlining recent regulatory technology (RegTech) developments within the securities industry and potential opportunities and implications these technologies may have for broker-dealers.

10 September 2018

Company update/Reporting/compliance

Broadridge unveils MiFID II post-trade reporting platform

Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader and recent addition to the S&P 500 Index, has launched a new solution to support investment firms with their MiFID II ex-post reporting obligations outlined under Article 50 of the Delegated Regulation.

10 September 2018

Company update/Reporting/compliance

ACA Compliance completes acquisition of Cordium

ACA Compliance Group (“ACA”) announced yesterday that, following the receipt of regulatory approvals, it has completed the acquisition of Cordium, a leading provider of governance, risk, and compliance (GRC) products and services.

05 September 2018

Company update/Reporting/compliance

Thomson Reuters provides new reporting service for new MiFID II Systematic Internalisers

Thomson Reuters has launched RTS 27 Now, a targeted reporting solution that leverages its powerful Velocity Analytics platform to help banks that have newly registered as Systematic Internalisers under MiFID II complete their first regulatory report.

03 September 2018