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Banking Technology

Monday 14th August 2017

Regtech Supplier Performance Report: ignorance is no longer bliss, it's now criminal offence

The second edition of Regtech Supplier Performance Report, featuring some 50 regtech suppliers, published by Market Fintech Limited and supported by Banking Technology, says that with over 50,000 regulatory documents published across the G20 since 2009, and an average of 45 new documents every week, we must assume that the future of banking will be driven by technological developments.

 

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RegTech 2017 Supplier Performance

Thursday 03rd August 2017

2nd Edition RegTech Supplier Performance Report

With over 50,000 regulatory documents have been published across the G20 since 2009 alone, and an average of 45 new documents every week, one must assume that the future of banking will be driven by technological developments.  MiFID 2 alone has generated 30,000 pages of regulatory text. 
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RegTech Report Lifts the Lid on Supplier Performance

Tuesday 14th March 2017

Banking Technology.  The RegTech Performance Report, published by Market Fintech Limited and supported by Banking Technology,estimates that more 189 global financial institutions have deployed a range of new regulatory technology (regtech) solutions from 20+ specialist suppliers in just a couple of years.

The user number, from some of the largest financial institutions, amounts to some 750,000.

The report features more than 35 regtech solutions.

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Is Excel the Swiss Army Knife of Financial Services?

Tuesday 14th February 2017

Tom Groenfeldt talks to Alyne.

Contact: tomgroenfeldt@gmail.com 

 

Excel is the Swiss army knife of financial services — great at all sorts of odd tasks, but if you’re going to cut a branch off a tree you’re better off with a camping saw than the small serrated blade on the knife.

Something similar happens in regulatory compliance.

“People are starting out on GRC (governance, risk and compliance) topics and Excel is an easy fix,” said Stefan Sulistyo , a founder of Alyne, a compliance specialist based in Munich. Excel works well as long as the situation isn’t too complex.

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What`s The Right Level of Regulation?

Thursday 14th July 2016
What’s the right level of regulation?
 
Thomas P. Vartanian is the chairman of the financial institutions practice at Dechert LLP, an international law firm, and a former regulatory official at two different federal banking agencies, addresses the issue in The American Banker.
 
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Effectiveness of a Financial Crime Framework

Wednesday 13th July 2016

Control Effectiveness and the challenge in achieving it

Regulators and Law Enforcement bodies are increasingly focussed on whether or not organisations can demonstrate that system and control frameworks designed to combat financial crime are effective. What is the definition of an “effective” Financial Crime framework? The Oxford English Dictionary defines effectiveness as ‘the degree to which something is successful in producing the desired result; success’.

In the context of a financial institution, or indeed any commercial organisation this definition immediately creates some debate as there are multiple stakeholders required to be satisfied; each of which has a different interpretation of what success looks like. No commercial organisation is created with the sole purpose of being compliant, but rather to service a customer need and generate revenue as a result. Compliance is therefore a cost of doing business. Increasingly non-Compliance can eradicate years of revenue generated and shareholder value.

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RegTech: A Hot Area in Financial Technology

Thursday 30th June 2016

Two drivers make #RegTech a hot area in #financial #technology. The first is regulators. They set rules and deadlines. For vendors, this is a lovely thing because it means that even the most decision-averse financial institution will have to act by a set date. This doesn’t happen with, say, an update to an accounting package or when it comes to the replacement of a CRM system.

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MyComplianceIQ Sponsors RegTech Performance Report

Wednesday 27th April 2016

We are delighted to announce that MyComplianceIQ has partnered with us for the RegTech Performance Report.

myComplianceIQ will offer the Report exclusive and original data and insight on the compliance market practitioner trends.

MyComplianceIQ was founded by a group of senior legal and Compliance professionals bringing more than 75 years combined experience operating in the Compliance space. 
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GRCTC Supports FinTech - RegTech Report

Monday 25th April 2016

We are delighted to announce that GRCTC (Governance, Risk, Compliance Technology Centre), part of the University College Cork, funded by the IDA Ireland, is partnering with Market Fintech to provide the industry`s first RegTech Performance Report.

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Financial Regulations Will Surpass 300 Million Pages by 2020 Says JWG

Monday 25th April 2016

RegTech, the use of technology to meet the growing number of financial regulations, needs a nudge from regulators, according to JWG, a London-based think tank with an unenviable focus on regulation.

“JWG estimates that over 300 million pages of regulatory documents will be published by 2020 and over 600 legislative initiatives need to be catalogued by a medium sized sell-side institution in order to have a holistic view of their rulebook,” the company wrote in a letter to the Financial Conduct Authority (FCA) in 2016.

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Announcing RegTech Live 2016

Saturday 23rd April 2016

 

DATE: 26th October, 2016

VENUE: Merchant Taylor`s Hall, City of London


RegTech, the use of technology to meet the growing number of financial regulations, needs a nudge from regulators, according to JWG, a London-based think tank with an unenviable focus on regulation.

“JWG estimates that over 300 million pages of regulatory documents will be published by 2020 and over 600 legislative initiatives need to be catalogued by a medium sized sell-side institution in order to have a holistic view of their rulebook,” the company wrote in a letter to the Financial Conduct Authority (FCA) in 2016.

“Based on the FinTech futures analysis, we estimate that between £50 billion and £60 billion a year is being spent in the UK on meeting regulatory obligations.  This is equivalent to 2.6 percent of UK GDP, double the annual revenue of a Big 4 firm, or nearly twice the size of the UK legal services market for all industries.” source: www.techandfinance.com

With this in mind, isn`t it time to explore RegTech Live?

 

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Events: Quality over Quantity

Tuesday 05th April 2016

Events don`t only work for big businesses that have large budgets and manpower. They don`t need to be extravagant, aiming for hundreds of attendees and dozens of speakers. A well attended event begins with the subject matter and quality of content. Often, the best events are tightly focused activities, targeting specific groups of individuals.

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FinTech Reports

Wednesday 30th March 2016

INTRODUCTING THE INDUSTRY'S FIRST FINTECH PERFORMANCE REPORT


For the first time Market Fintech is compiling a FinTech Sales Performance Report purely for the financial services and banking industry. The formula is an annual analysis of FinTech sales which will be broken down into sectors and categories.

This report is free to enter.

REPORT EDITORS

Tom Groenfeldt

Tom Groenfeldt has been named one of the 25 top global finserv influencers and one of the top 150 best FinTech journalists to follow by FinTech Ranking. In addition to Forbes, Tom writes for International Finance Magazine, Banking Technology and Mondo Visione.

Tina Snelling

Tina Snelling is an experienced financial services and technology marketing, PR and communications practitioner. She is a keen follower of all things FinTech. Tina has worked with some of today`s most successful and thriving FinTech firms.

 

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