Conduct risk management and the rise of RegTech (1)

Conduct risk management and the rise of RegTech

We’ve witnessed, via some very high-profile misconduct cases, the real challenges some financial services firms are facing in supplying information to support investigations.  A case in point is the recently completed Australian Banking Royal Commission (RC).
Reporting from the RC included some rather startling revelations.  And, the implications of some of the findings are just as relevant to global financial services firms, as to those named in the RC’s reports.
Mission Impossible?
The RC initially requested from the 60+ Australian financial services […]

Best record keeping solution

Shield FC Finalist in RegTech Insight Awards and National Technology Awards 2019

Today we announce that we have been shortlisted for four RegTech Insight Awards 2019 categories (public voting is currently open here until  Friday 15th March) and at the National Technology Award 2019 (winners will be announced on May 16th).here
Shield is a finalist in the ‘Best AI Solution for Regulatory Compliance’, ‘Best Innovative Technology for Regulatory Compliance’, ‘Best Regulatory Reporting Solution’ and ‘Best Solution for Records Retention’ categories in the RegTech Insight Awards 2019. Shield is also a finalist in the […]

Simon Cocking blockchain crypto

Q&A with Simon Cocking

When we created the shield blog, we wanted a place that provides a platform for various key members in our eco-system to speak their mind. A blog that not only discusses RegTech, although our core business is there, but covers other topics that you, our readers, will enjoy.
That’s why I (Iftach, Head of Marketing) was very keen on hosting Simon Cocking, Chief editor of Irish Tech News and InvestInIT, on our blog.
I wanted to get Simon’s view on the […]

Crypto industry to shape KYC offerings?

This article deals with Crypto players as payment service providers and their potential impact on the Know Your Customer (KYC) industry.
KYC services are about client onboarding decisions based on risk flags, client identity data, and structure.  The right understanding of counterparty risk results in risk-based evaluation cycles.
Will payment processing providers in the financial industry and the Crypto industry deal with similar challenges?
The potential impact of new players is determined by legal frameworks and legal interpretation.
Introduction to European framework:
The European […]

Shield FC cloud

Shield FC Announces Cloud- Enablement of Compliance Platform

Today we announce the cloud-enablement of its compliance platform. The Shield Cloud provides financial institutions with a full and flexible regulatory compliance solution, out of the box.
Shield’s platform offers complete regulation compliance monitoring and across all eComms platforms. This covers the whole data lifecycle, from capture and Record-Keeping to analysis through flexible and comprehensive investigation. It is also future-proof, constantly evolving to meet challenges from new Regulations and advances in technology.
The Shield Cloud deployment platform offers financial institutions further […]

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 […]