IFX Markets Limited, a UK primary market maker, will implement STB Systems’ STB-Detector and STB-Reporter, in a bid to strengthen anti-money laundering controls and automate regulatory reporting. STB-Reporter will deliver a regulatory and compliance database to automate a number of key regulatory controls, specifically combining anti-money laundering and automated reporting to the Financial Services Authority. STB-Detector, the anti-money laundering system, will analyse all daily account movements for suspicious activity. A history of individual client activity is built against which ongoing account movements are checked. As well as spotting unusual transaction flows within an account, the system will identify unusual activity across peer groups of similar accounts, providing IFX with an automatic analysis of everything the system considers suspicious.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more