Systems that use Generative A.I. (GenA.I.) technologies and communications based upon the WhatsApp instant messaging (IM) and voice-over-IP (VoIP) service are high on the lists of compliance risks at financial services firms, according to a new survey from Global Relay, a provider of digital communications and recordkeeping. Global Relay’s second annual “Data Insights Report: Communication… Read More >>
ICE Data Services Launches Tick History Platform
Exchanges operator Intercontinental Exchange, Inc. (ICE) has just launched a cloud-based tick history platform — ICE DataVault—that is targeting industry demand for more tools to bolster analysis and strategies. ICE DataVault runs against the ICE Global Consolidated Feed, which is an aggregated real-time data and content service that can access more than 600 global sources,… Read More >>
Smarsh Updates DLP Solution for Microsoft Teams
Smarsh, an archiving and monitoring solutions provider for electronic communication, has released an update of its Control data-loss prevention (DLP) application for the group chat/unified communications software system Microsoft Teams. The Control software targets financial services firms that need to enforce internal policies, block and delete content within Microsoft Teams, and bolster related compliance, risk… Read More >>
Three Brokers Pay $6M to Settle Blue Sheet Cases
Three broker-dealers will pay more than $6 million to settle charges that they provided SEC officials with incomplete and inaccurate “electronic blue sheet,” or EBS, data. Electronic blue sheets include the required securities trading information that the SEC uses to “carry out its enforcement and regulatory obligations, including the investigation of insider trading and other… Read More >>
SocGen May Pay $1.27B Penalty via Sanctions Case
Société Générale officials report that they are working with seven major American authorities to resolve a U.S. sanctions investigation, and that an ultimate settlement may cost the French banking giant $1.27 billion (€1.1 billion), which adds to the bank’s list of sanctions and regulatory compliance woes. “ … Société Générale has entered into a phase… Read More >>
ISDA Survey: Number of Dealers to Shrink While Costs Rise
Respondents to an ISDA derivatives industry survey have expressed optimism about the future of their market, but almost half of those surveyed say that the number of derivatives dealers is declining, and that the cost of using derivatives is increasing. In particular, the survey found that 47.3 percent of respondents say “the number of derivatives… Read More >>
Survey: Global Market Data Spending Topped $28B in 2017
Data is often mentioned as being critical to regulatory compliance and other operations, just as securities firms are doing their best to keep data costs down. However, it appears that in 2017 firms spent as much or more on financial and reference data, analysis and news, according to new research from Burton-Taylor International Consulting, a… Read More >>
FTF Awards Q&A: Secure Your Digital Channels Now!
(FTF News recently interviewed Patrick Barnert, CEO and member of the board of directors at Qumram, winner of the Best Compliance Solution award of the 2017 FTF News Technology Innovation Awards. Qumram’s offerings help firms gather cross-channel intelligence and comply with regulation affecting digital channels. In this Q&A, Barnert reviews important moments from last year… Read More >>
GoldenSource & McObject Focus on Faster Regulatory Requirements
GoldenSource, an enterprise data management (EDM) vendor, and McObject, maker of an ultra-low latency database system, are partnering to offer a regulatory technology platform that will support the high-speed demands of regulatory compliance. The collaboration has led to the integration of McObject’s low-latency eXtremeDB and GoldenSource’s Market Data Solution, officials say. McObject’s software and services… Read More >>
LinkedIn Redesign Spurs Compliance Concerns
(Editor’s Note: LinkedIn, the social media networking platform for businesses and employment, has become a favorite social outlet for financial services firms that want to spread the word about their offerings. However, LinkedIn has gone through a major redesign, which has caused financial services firms to be concerned about how user interface and other changes… Read More >>
