ComplianceRSS

SIX picks IBM Watson for cybercrime fight

Switzerland

SIX Securities Services, Switzerland’s post-trade market infrastructure, will use IBM Watson for its new cognitive security operations centre (SOC). The new facility will be housed at SIX’s offices in Switzerland to provide localised cybersecurity services “tailored to the needs of the region”. Robert Bornträger, division CEO SIX global IT, says IBM is a “logical partner” […]

Nordea Bank Russia takes a risk on Wolters Kluwer OneSumX

Wolters Kluwer’s OneSumX risk and management information systems (MIS) reporting solutions will be implemented at Nordea Bank Russia (NBR). The MIS solution is part of the firm’s business analytics offering. OneSumX is designed to manage finance, risk and compliance and “improve organisational efficiency and profitability”. NBR will specifically use OneSumX risk management for asset and […]

Wells Fargo faces new pressure over fake accounts

Under pressure

The top Democrat on the US House Financial Services Committee wants to interview executives from Wells Fargo over a scandal about fake accounts its employees set up for customers.

Under fire OCC moves forward with US fintech charter plan

Fintech in the US: where is regulation headed?

The US Office of the Comptroller of the Currency (OCC) is moving forward with its plan to enable fintech companies to become special purpose national banks, releasing a report that provides guidance on how to implement the plan and another that summarises public comments about it. The special charter has no shortage of critics, but […]

UK’s Financial Conduct Authority calls for greater responsibility

FCA keen to explore regtech

The UK’s Financial Conduct Authority (FCA) has set out its plan for improved banking standards and financial services with its new “Senior Managers and Certification Regime”. In a speech “Culture in financial institutions: it’s everywhere and nowhere” delivered today (16 March) by Andrew Bailey, FCA chief executive, to the Hong Kong Monetary Authority (HKMA) Annual […]

BBVA automates UK risk and reg reporting with Wolters Kluwer’s OneSumX

Wolters Kluwer gains new client for OneSumX

BBVA’s subsidiary in the UK has opted for Wolters Kluwer’s OneSumX solution for regulatory reporting and liquidity risk management.

Crédit Agricole CIB automates US reg reporting with AxiomSL

AxiomSL gains new US client

Crédit Agricole Corporate and Investment Bank (CIB) is implementing AxiomSL’s regulatory reporting system at its New York branch.

LendIt USA: the British are coming

LendIt USA

Fintech is developing a distinctly British accent and the US is in danger of losing out, according to remarks made by Congressman Patrick McHenry, a member of the House Financial Services Committee, at the LendIt USA conference in New York.

Silvergate Bank overhauls front-to-back office tech with FIS

FIS

California’s Silvergate Bank has implemented a suite of systems from FIS in a major tech overhaul – from a new core banking system to branch, digital and mobile banking, compliance and risk. The new core banking platform – FIS’s Horizon – will let the bank “streamline” its third party systems, such as account opening and […]

APRA’s EFS Form Review consultation: first stage of a long road

To Apple Pay or not to Apple Pay, that is the question

On 16 January 2017, the Australian Prudential Regulatory Authority (APRA) released for public consultation its Economic and Financial Statistics (EFS) Form Review. Notably, this consultation package represents a major overhaul of many of the financial and statistical returns currently prepared by the Australian authorised deposit-taking institutions (ADIs) as well as introducing a new set of returns to be submitted. We examine what’s at stake.

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