Forex Trade Rigging Scam Resurfaces at Standard Chartered

Forex Trade Rigging Scam Resurfaces at Standard Chartered

Earlier this month, the New York Department of Financial Services (DFS) assessed a $40 million fine against Standard Chartered. The DFS hit the financial firm with the multi-million-dollar penalty after discovering that its traders had attempted to rig transactions in foreign exchange markets. While the amount of the fine was appropriate given the degree of collusion and fraud involved, the timing of the enforcement action took the financial industry by surprise. This is because all of the illegal activities […]

Most Influential FinTech Companies for 2019

Shield FC Named One of the Most Influential FinTech Companies for 2019

We are proud to announce we have been named as one of Financial Technologist Magazine’s List of the Most Influential FinTech Companies for 2019.
Shield FC was chosen by a select panel of esteemed financial sector experts from Barclays, EY, Lloyds Banking Group, Baringa, The Realization Group, RBC, Simmons & Simmons, Everledger, Cruxy & Co, Man Group, Credit Agricole, TD Securities, Mixpanel and Harrington Starr’s Financial Technologist Magazine.
Shiran Weitzman, CEO and Co-Founder at Shield FC stated, “We are honored to […]

Data Governance Trends: Don’t forget PECR/ ePrivacy!

Previous blogs from Shield have addressed how important it is in the age of data regulations to take demonstrable control over enterprise data. New requirements are still emerging, so those who thought that MiFID II, GDPR and PECR were items to be checked off a list and then forgotten about are misguided.
With the impending arrival of new and more stringent rules around Electronic Communications in the shape of the Privacy in Electronic Communications Regulation (PECR, or ‘ePrivacy’), let’s take […]

Deloitte RegTech Challenge

Shield FC eComms Platform Chosen as One of the Top Start-Ups by Coveted Deloitte RegTech Challenge Competition

We are proud to announce we are one of the winners in the Deloitte RegTech Challenge. The competition highlighted 40 of the most innovative start-ups using Artificial Intelligence (AI) to solve regulatory problems in the financial sector. Shield FC’s cross-regulation compliance platform provides a 360 view of all electronics communications (eComms) and trades, making compliance more efficient and ROI driven.
The final selection phase was hosted at Deloitte Greenhouse in Milan in January and was attended by Shiran Weizman, Co-Founder and […]

Blockchain and Regulatory Compliance: A Match Made in Heaven…Or is the Honeymoon Over?

Whereas cryptocurrency may have created the environment under which Blockchain technology was introduced, by no means are these two technologies codependent. Rather, Blockchain is a byproduct of people’s inherent interest in streamlining transactions and not strictly limited to cryptocurrency. And while the Blockchain is shifting the transactional landscape, it’s also poised to disrupt the financial services industry.
Blockchain – More Than Just Bitcoin
As soon as data is saved into a Blockchain, it can’t be changed or deleted except as allowed […]

niiio Shield FC compliance

Shield FC Announces Strategic Partnership with niiio Finance Group AG

Technology partnership targets customers in the highly regulated German financial market
Today we are proud to announce our strategic partnership with German market expert niiio Finance Group AG. The partnership offers customers Shield FC’s AI-powered compliance platform as a compelling addition to niiio’s partner and marketplace service portfolio.
Eran Noam, VP Global Sales & Business Development commented, “We are delighted to partner with niiio. Germany is one of our core growth markets for the coming years, and niiio’s marketplace strategy is […]

Electronic communications surveillance raises regulatory and technological challenges

Electronic communications surveillance raises regulatory and technological challenges

Anti-fraud, anti-money laundering and other financial regulations require financial services companies to track electronic communications in various forms. However, this often requires these firms to collect substantial volumes of different types of communications data. Standard lexicon-based search software commonly used in financial services is effective up to a certain level of scale and complexity, but the demands of today’s financial regulators are outpacing traditional enterprise software solutions.
Legacy software solutions come up short
Data management has become a critical component of […]

financial compliance

[Report] Capture, Correlate, Analyze

Deriving value from electronic communications data
In this report, we explore the value that can be realized through the integration of electronic communications (eComms) data into the wider trading ecosystem.
By moving from tactical compliance to strategic investment, firms can not only satisfy the regulators but also boost the analytical capabilities of the front office; delivering better execution, greater trading signal analysis, and more efficient business intelligence.
Simon Hornibrook of Nomura; Paul Burleton of Lysis Financial; Paul North at BNY Mellon; Rachel […]

Shield FC Distinguished with Two 2018 Titles in Compliance Management Software Category of Popular Platform for SaaS Reviews

We are thrilled to announce that we have received two 2018 awards from trusted software review platform FinancesOnline. These include the Premium Usability award and Rising Star award, which are given to highly intuitive platforms and customer trusted brands, respectively.
Shiran Weitzman, CEO and Co-founder at Shield FC said: “We’re happy to receive two industry awards from a leading platform for software reviews relied on by thousands of businesses and decision makers.”
FinancesOnline has over 7,000 software reviews in its database. […]

Lee Werrell Chartered FCSI.

Has Regulation arrived for Cryptocurrencies through the back door?

Over the last couple of years, the crowdfunding market started to build rapidly. ICO or Initial Coin Offering is not only a very advantageous way of raising capital for additional project’s progression but also a remarkably profitable investment tool.
But there are many troubles on this market, which need an answer.
According to data from DeadCoins and Coinopsy, around 1000 cryptocurrency-related projects floundered in 2018 and are now dead. Although this may seem like bathing, the reverse couldn’t be truer.
Dishonest and Poor Crypto Projects
The hyperbolic bull run […]