IBM to acquire Promontory; create AI-driven compliance subsidiary
IBM is to acquire risk management and regulatory compliance consulting firm Promontory Capital and create a new subsidiary, Watson Financial Services, in which it will use artificial intelligence technology to keep pace with the rapidly changing financial reporting landscape.
Investment Management Firms Embrace New Technology in Bid for Efficiency & Regulatory Compliance
Results of a new survey reveal that operational and technological change is high on the list of priorities for investment management firms. The report, which is being launched at the TSAM New York conference taking place today, reveals that over half (56%) of respondents expect their firm to replace at least part of their existing technology platform, while a quarter (27%) plan to outsource some areas of operation in the next 12 months in a bid to improve efficiency and focus on core operations.
Compliance challenged by new regs, business demands and lagging IT architecture
March 16, 2016 - The ability of financial institutions' compliance function to manage risk is being challenged by rising expectations for the function to play a stronger role in front-office processes, the increased volume and complexity of regulations, and a lagging data and technology architecture, according to a new compliance risk report from Accenture (ACN).
ANZ appoints PwC to conduct OnePath compliance review
March 15, 2016 - ANZ today confirmed it engaged PwC in January 2016 to conduct an independent compliance review within its OnePath subsidiaries, following compliance breaches that were proactively reported to the Australian Securities and Investments Commission (ASIC) from early 2013.
Hardin Compliance Consulting selects BasisCode Compliance software
March 14, 2016 - BasisCode Compliance today announced that Hardin Compliance is implementing the BasisCode Compliance™ software to help the full-service regulatory compliance consulting firm more easily manage compliance on behalf of its clients.
Western Union Appoints Jacqueline D. Molnar Chief Compliance Officer
February 29, 2016 - The Western Union Company (NYSE: WU), a leader in global payment services, today announced the appointment of Jacqueline D. Molnar as Chief Compliance Officer, leading all of Western Union's global AML / CFT, Sanctions and Consumer Protection compliance programs.
Asset managers fear cybercrime more than blockchain - Linedata
February 25, 2016 - Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, releases the results of the 2016 Global Asset Management and Administration Survey.
Fidessa’s Sentinel wins another compliance accolade
February 24, 2016 - Fidessa group plc (LSE: FDSA) today announced that its Sentinel buy-side compliance product has won its third prestigious accolade in the last six months, winning Hedge Fund Manager's Best Compliance Product at their Technology Awards this week. These awards recognize and reward hedge fund technology providers that have demonstrated exceptional customer service and innovative product development over the past 12 months.
