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 […]

ePrivacy regulations

Financial firms need to adapt to the EU ePrivacy regulation

Regulators in the European Union have developed extensive rules requiring financial firms to monitor and manage transaction-related communications. But the digital age has changed the way people communicate. As a result, complying with the EU’s increasingly complex data monitoring and management rules often requires financial firms to monitor voice, video, in-person, and text communications. The technical challenges associated with managing this data aside, performing such extensive monitoring of customer and transaction-related data raises meaningful concerns regarding personal and financial […]

Shield FC Launches Enhanced Version of its Financial Compliance Data Management Platform

New version features powerful AI capabilities for false positives reduction and Financial Context Recognition
London, Copenhagen and Tel Aviv – 8th January 2019.  Shield Financial Compliance (Shield FC), a cross-regulation compliance platform that provides a 360 view on electronics communications (eComms) and trades to make compliance more efficient and ROI driven, is proud to announce the launch of its latest version. New features include powerful AI for the reduction of false positives, and the proprietary technology of Financial Context Recognition […]

RegTech: From the Ground Up

During 2018 I was fortunate enough to have been working with financial institutes from all across the globe, and it would be “old news” if I said that RegTech solutions are in higher and higher demand. Regulatory constraints, on the one hand, client expectation for frictionless experiences on the other, and tangible, ever-growing cybersecurity threats that target financial institutes primarily (for a variety of reasons), together make a powerful combination that cannot be ignored.
Obviously, different institutions have different needs, […]

Data silos_ the real compliance killer

Data Silos: the real compliance killer

Modern financial regulations require firms to monitor, track and report data on innumerable transactions, customers, and business activities. The potential burdens of these requirements are massive, and many financial institutions are still working out how to achieve full compliance without disrupting operational efficiency.
This is particularly true given the fact that many banks and financial firms place the responsibility for monitoring email communications, calls, transactions, e-commerce activities, and trade data, squarely within the scope of the IT department. More often […]

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 […]