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MiFID II

fraXses and MiFID II
Today, MiFID II is undoubtedly the main point of focus for financial services providers. Coming into force on January the 3rd 2018, every MiFID responsible compliance officer or project manager is supposed to be finalising necessary organisational changes, and will soon be implementing regulatory tools that are required to become compliant.Both the complexity and magnitude of new […]

By |June 20th, 2017|Compliance, Data federation, Federation, Financial Markets|

Assurance in real time

Real-time Audit

Real-time auditing will play an increasingly key role in the future. This involves federating data sources and using sophisticated computer programs that run continuously to identify exceptions or anomalies, analyse patterns within the digits of key numeric fields, review trends and test controls.

Currently, most organisational communication in the market is unassured. ¬†That is, there is no auditor involvement when a […]

By |May 20th, 2017|Analytics, Compliance, Data, Fraud, Regulatory, Risk|

GDPR

Preparing for the EU General Data Protection Regulation¬
The EU General Data Protection Regulation (GDPR) came into force in May, 2016 and B2C businesses operating in the EU (and even post Brexit¬†UK) have until May, 2018 to ensure their compliance to the requirements set out by this new customer data protection regulation. With fines as high as up to four percent […]

By |April 20th, 2017|Compliance, Data, GDPR, Regulatory|

Stress Testing

Problem:
The financial turmoil in the last few years have led and are still leading to strict regulatory requirements for Risk Management in Banking. For assessing the impacts of various economic and political worst case scenarios banks are forced to establish a stress-testing framework for their overall risk position including credit risk, market risk, liquidity risk, operational risk and other risks […]

By |April 20th, 2015|Compliance, Financial Markets, Regulatory|

Electronic Communication Surviellance

A recent swathe of trading scandals has spurred big banks to turn to new technology and data sources as they attempt to crackdown on illegal behaviour by their staff. ¬†Solutions are becoming more sophisticated with algorithms and artificial intelligence being used to identify patterns of speech and networks of contacts as opposed to merely catching keywords. ¬†A lot of times, […]