RegTech


Aegon opts for Wolters Kluwer’s OneSumX for operational risk

Pension, insurance and investment management firm Aegon is replacing its local risk systems with Wolters Kluwer’s OneSumX for operational risk management. Charles Garthwaite, global head of operational and conduct risk at Aegon, says his company needed “a global solution” that could “comprehensively manage Aegon’s requirements”. Following local implementations in the UK and within its asset […]

Canada’s Competition Bureau calls for fintech feedback

The Competition Bureau in Canada is seeking feedback on the nation’s financial services and fintech sector. Like many other regulators around the world, the bureau has published a draft report on its market study concerning technology‑led innovation. John Pecman, commissioner of competition at the Competition Bureau, says: “The future is now. Let’s get it right […]

Over-regulation and career politicians could spell disaster for tech

Government intervention has been a hot topic all week at AfricaCom, and it doesn’t seem like there is going to be a resolution to the problem anytime soon, reports Telecoms.com (Banking Technology‘s sister publication). Of course there will always be a need to regulate any industry; commercial entities should not be left by themselves, they […]

China Everbright Bank selects Wolters Kluwer’s OneSumX for regulatory reporting

China Everbright Bank (CEB) has chosen Wolters Kluwer’s OneSumX regulatory reporting software for its operations in Luxembourg. According to Wolters Kluwer, OneSumX uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s regulatory update service. This service is maintained by its staff who monitor regulation in approximately 50 countries, […]

Payments round-up: 7 November 2017

A distinctly European feel in our latest payments round-up. Stars Facebook Messenger, the UK’s Payment Systems Regulator, Concardis and AliPay. The UK will be the first country outside the US to get the Facebook Messenger payments service. Messenger was launched in the US in 2015 and lets people transfer cash during any conversation within the […]

Implementing derivatives clearing on distributed ledger technology platforms

Clearing houses and central clearing counterparties (CCPs) play a pivotal role in managing collateral and counterparty risk, in increasing standardisation and transparency of financial markets, and in the credit enhancement process for clearing banks. For such systemically critical functions, how appropriate are innovative new technologies such as distributed ledger technology (DLT)?

The changing face of financial crime compliance

Paul Taylor of Swift’s Financial Crime Compliance Services Division discusses the evolving compliance landscape and the critical role of technology in helping the industry come together as a whole to combat financial crime.