RegTech

Regulatory technology, is a new technology that uses information technology to enhance regulatory processes. With its main application in the Financial sector, it is expanding into any regulated business with a particular appeal for the Consumer Goods Industry. Often regarded as a subcategory under FinTech, RegTech puts a particular emphasis on regulatory monitoring, reporting and compliance and is thus benefiting the finance industry.

Katie Hunter Senior Marketing Manager at Aveni

How the FCA's Consumer Duty of Care has made Speech Analytics Essential

Speech analytics has been commonly used for a number of years, evolving from a novelty add-on to a powerful solution for businesses to improve their processes. With the Financial Conduct Authority’s Consumer Duty of Care proposal, speech analytics has gone from being a nice-to-have to a necessity that firms must adopt to meet requirements or risk ...

20 July 2022 /regulation /startups

Frank Cummings CEO at AML Partners LLC

If you work at a Financial Institution you are going to Hate this Blog

We need to monitor more than just customers. I have in the past discussed what I call Behavioral Analytics. Behavioral Analytics leverage automated comparisons between data-based predicted behaviors and customers’ actual behaviors. When combined with Rule-Based Systems, Behavioral Analytics can prevent criminal schemes even before they begin. S

14 July 2022 /crime

Frank Cummings CEO at AML Partners LLC

Headline: Mass-shooting horrors demand better response—Metadata a way forward?

July 4 revelers in Highland Park, IL, experienced another mass-casualty shooting in America. Stunningly, at this point it’s no longer surprising to see these news alerts. Something has to change. I wrote here a couple weeks ago that RegTech behavior-monitoring technologies have the potential to warn of impending violence—like school shootings and ...

05 July 2022 /crime /predictions

Frank Cummings CEO at AML Partners LLC

Major Increase in Financial Crimes on the horizon.

Expect a spike in Financial Crime. Here’s why and how you can prepare for it. Why expect a spike in financial crime? It’s the economy, of course. We are on the doorstep of recession, and it’s hard to imagine a gimmick or politician who can stop it now. For those of us who specialize in AML Compliance and related Risk, economic recession strongly ...

01 July 2022 /regulation /crime

Caleb Woo Client Success at Artius Global

How Unsettled Trades can affect your regulatory position for shareholding disclosure

Have you considered the impact of unsettled trades on shareholding reporting? How hard can shareholding disclosure be? Just load your positions and see if you are over the threshold right? Not exactly! Depending on where the securities are listed, different jurisdictions impose different requirements on the reporting of trades and the rules differ ...

25 June 2022 /regulation

Frank Cummings CEO at AML Partners LLC

Help Stop Social Violence

The Uvalde ,Texas school shooting was yet another horrific and unimaginable act of violence in the U.S. And that particular kind of horror has been categorized by some as “social violence”—a type of event whose traits often include signals pointing toward and even previewing the violent events. Given the many red flags tied to many acts of social ...

23 June 2022 /regulation /crime

Gabriel Hopkins Chief Product Officer at Ripjar

Turning the tide: How AI can support the financial crime battle against modern slavery

As recently as 2020, the Centre for Social Justice estimated that there were 100,000 or more modern slaves in the UK. And estimates suggest that globally indentured labour generates between $50-150bn. Criminal gangs use various sophisticated psychological, financial, and physical techniques to maintain control over their workforce. Often targeting...

21 June 2022 /regulation /crime

Gabriel Hopkins Chief Product Officer at Ripjar

Opportunities for UK Challenger Banks to address AML Compliance

With their innovative products and services challenger banks have revolutionised the banking sector. They offer greater flexibility and choice to consumers, something that their legacy competitors are currently unable to match. Research shows that the value of the neo and challenger bank market will continue to grow rapidly, reaching an estimated ...

06 June 2022 /regulation /crime

Retired Member 

Women in Compliance: How to maintain adequate supervision in a remote world, with Stephanie Feldt

Recently, I had the pleasure to tap into insights from six amazing Women in Compliance. Today, I will share the insights provided by Stephanie Feldt, Chief Compliance Officer & General Counsel at Trading.com. Stephanie has over 20 years of experience in the financial services industry, having worked for both large and small financial instituti...

17 May 2022 /regulation /people

Caleb Woo Client Success at Artius Global

Shareholding regulations will require more transparency

A snippet from the FT on Archegos “regarding bank claims. . . . It will come down to what indemnity was in the loan and swap agreements.” What it fails to address is the market impact of these agreements. What comes to mind is that increased market transparency and disclosure is needed. With regulators continually demanding greater transparency to...

21 April 2022 /regulation