Best Trade Reconstruction Solution for Best Execution

Shield FC eComms Platform Finalist in Two Categories of Prestigious TradingTech Awards Europe 2019

 ‘Best Trade Reconstruction Solution for Best Execution’ and ‘BSO Award for Fintech Innovation’ – voting is now open
We are proud to announce we are a finalist in two categories of the TradingTech Awards Europe 2019. This includes ‘Best Trade Reconstruction Solution for Best Execution’ and also the special ‘BSO Award for Fintech Innovation’, which is chosen directly by the expert advisory board themselves.
Ofir Shabtai, Co-Founder and CTO at Shield FC commented, “We are delighted to have been shortlisted for […]

Data management struggles in financial firms

Effective compliance requires a 360 approach

Businesses in regulated industries expend vast amounts of time and company resources on ensuring company-wide compliance. Regulated companies invested over $1.3 million in compliance technology on average during last year alone, and the cost of compliance is only continuing to increase. Much of this is due to the increasingly complex regulations that agencies are enacting to combat sophisticated cybercrimes. However, fortunately for today’s financial services company, enterprises are developing software solutions designed to increase efficiency in this complex field.
Financial […]

eComms mobile recodings

Striking a balance between data recording and data privacy

Bad actors in financial institutions are nothing new, banks have been accruing fines for poor conduct that run to the billions of dollars. Regulators are working hard to bring in new legislation to curb such behaviour and it is getting personal.
In March 2017 former investment banker, Christopher Niehaus was fined £37,198 by the Financial Conduct Authority (FCA) for using WhatsApp to share confidential client information. That was before the weighty MiFID II directive came into force at the beginning […]

Shield FC partner with B-Hive

Shield FC Joins B-Hive to Enhance Innovation and Collaboration with the European Financial Sector

Shield Financial Compliance (Shield FC), a cross-regulation compliance platform providing a 360 view on eComms and trades utilizing AI, NLP and visualization capabilities to make compliance more efficient and ROI driven, today announces its membership of B-Hive.
B-Hive is a Brussels-based European collaborative innovation FinTech platform that brings together major banks, insurers and market infrastructure players. Its Executive Chairman, Fabian Vandenreydt states: “We are excited to welcome Shield FC to the B-Hive community! Their expertise in the ever-changing RegTech landscape […]

Data management struggles in financial firms

Data can be an excellent resource for firms that are concerned with operational performance and consumer engagement. After all, this type of information provides critical feedback about how companies engage with their customers and employees. Yet like most other resources, data must be managed effectively in order to make sure it delivers its maximum value.
Today’s financial companies track millions of pieces of trade-related data. This information is often highly relevant to the customer experience, and it may provide insight […]

Paul Burleton, Rachel Przybylski, Tom Kennedy, Shiran Weitzman

Post event Post: The Right Use of eComms Data Guards Compliance and Provides Value

In early November myself and the team took part in the ‘Capture, Correlate, Analyse: Deriving value from electronic communications data’ event, which was held at Thompson Reuters in the heart of London’s trading center, Canary Wharf.
The theme we presented is that that well-integrated technology is the key to not only maintaining strict compliance but also for deriving better insights from eComms and realizing greater ROI – a view which undoubtedly rang true with my fellow speakers and the audience […]

76 reasons why firms still need to be scared of MiFID II

Well ok, maybe not 76.
MiFID II (article 76) is approaching its one-year anniversary, and many companies are just now starting to understand its ongoing impacts on the way financial firms do business in Europe. Implementation of the new directive has ramped up over time, and Europe’s Financial Conduct Authority (FCA) has recently announced that it is ready to levy penalties against non-compliant firms. And, with industry research suggesting that 40% of firms remain out of compliance with MiFID II […]

Senior Managers Regime (SMR

Your company may be regulation-ready, but are you? Navigating the Senior Managers Regime (SMR)

Today’s managers in regulated industries always have to stay one step ahead. They know about upcoming regulations before they become mandatory and prepare their teams for the operational changes necessary for compliance. But while a particular company may have an effective corporate compliance policy, individual managers in the finance and insurance industries may find themselves caught off guard by specific requirements of new agency rules that apply to them directly. This is particularly true in the United Kingdom under […]

Empathic Fintech Robo-Advisors

Industry 4.0 (including Artificial Intelligence, or “AI”) started to replace a certain type and number of human employees. Algorithms are superior for repetitive tasks, where decisions are based on a high amount of data. Thus, AI can be particularly helpful for the complex, data-driven tasks of the typical compliance officer. This definition is also applicable for finance-advisors.
Machine learning and human error
Based on the company’s own statement, the algorithm of the fintech robo-advisor EquoBot (using IBM’s super-computer Watson) is capable […]

Building accountability under the Senior Managers Regime

Between complying with complex regulations, managing diverse teams, and running day-to-day operations, managers in the banking and insurance industries are held to high standards of performance and accountability. These standards are created and enforced at both the company-level and among national regulatory agencies. However, while private management practices are primarily aimed at improving effectiveness and efficiency, legal regulations addressing financial managers tend to focus on overall economic stability and consumer protection.
The Senior Managers Regime (SMR) is an increasingly important […]