While this isn't Shield's core proposition and the story is still unfolding, I wanted to examine the question: could eComms surveillance tools have predicted the fallen FinTech giant’s demise and alerted authorities in time to freeze its assets?.
During COVID 19 and the 'new compliance normal,' new communications channels and a new remote work environment made things difficult, especially for the surveillance function. Was the incorporation of Microsoft® Teams a blessing or a curse?
Whilst we knew our approach was right, launching a new venture into what was already an increasingly crowded market brought with it many challenges – funding, getting the right mix of technical and business expertise, as well as building a team that shared the same aspirations, ambitions, and outlook.
*On April 18th, 2019, the FCA issued a letter addressed to the CEOs of wholesale market broking firms. The following is fictional: it is how we believe a broker using Shield would have responded:
Shiran comes on as a guest for RegTech startup Alyne’s podcast. In this episode, hosted by Karl Viertel and Stefan Sulistyo, Shiran discusses the future of compliance and can Autonomous Compliance actually become a reality or will it stay as just a buzzword.
Financial markets are becoming more technology-driven. As a result, savvy traders with less-than-scrupulous intentions can use an increasingly prolific stream of e-Communication methods to evade traditional compliance monitoring. The EU Market Abuse Regulation (MAR) and other regulatory directives are aimed at detecting, punishing, and deterring just this type of wrongful behavior. Financial institutions across the continent have implemented surveillance platforms designed to capture an increasingly broad range of financial transactions, electronic communications, and trade-related data in order to comply with these laws and effectively deter market abuse.
Shiran talks to Lou Carlozo, Managing Editor at BAI, on the process of moving from compliance complexity to a RegTech reality.
On episode 32 of the Fintech Newscast, Shiran talks to John and Monica on the rise of RegTech, today’s regulations and challenges that capital markets face today.