Home » Industry » Compliance (page 3)


Securefact Enters into Agreement with Industrial Alliance to Manage Lien Registrations for Auto Lending Division

Securefact Transaction Services, Inc. (“Securefact”), a trusted provider of both on-demand and managed services for secured lending, know-your-customer (KYC) requirements and regulatory compliance, announced that it has signed an agreement with Quebec City–based Industrial Alliance Insurance and Financial Services Inc. to manage their lien registrations, including PPSA and RDPRM registrations, amendments and discharges. “We are very pleased to be working ... Read More »

Tracesmart Acquired by LexisNexis Risk Solutions

LexisNexis® Risk Solutions announced it is expanding its identity management and fraud prevention solutions for the banking, insurance and public sectors with the acquisition of United Kingdom-based Tracesmart®. Founded in 1999, Tracesmart is a provider of consumer data and identity, risk and trace solutions serving UK clients by delivering web-based software for tracing, identity verification/fraud prevention, anti-money laundering, debt collection and ... Read More »

Verint Full Year Revenues (Ending Jan. 2014) Up 8.1%

Verint reported revenues of US$ 907 million vs US$ 839 million from prior year.  Operating income was US$ 122 million vs US$ 99 million.  About Verint Systems Inc. Verint® (NASDAQ: VRNT) is a global leader in Actionable Intelligence® solutions. Actionable Intelligence is a necessity in a dynamic world of massive information growth because it empowers organizations with crucial insights and ... Read More »

Thomson Reuters Launches a Managed KYC Service

Thomson Reuters launched a new solution to support financial institutions and their clients to increase efficiency and reduce costs in complying with Know Your Customer (KYC) requirements.  Accelus Org ID was developed in partnership with leading financial institutions, corporations, asset managers and hedge funds and following discussions with nine regulators from key financial markets around the world. Providing a complete ... Read More »

Thomson Reuters Launches Central Registry for Bank Client Data

Thomson Reuters Corp said it has launched a central register of information to help banks meet increasing compliance demands on who they deal with and cut their costs by reducing duplication. The news and information company said on Wednesday the product would act as a central clearing house for banks, corporations, asset managers, hedge funds and others to check identity documentation for their counterparties.  Senior ... Read More »

Thomson Reuters 2013 Revenues Up 2% – Q4 Up 1%

Thomson Reuters (TSX / NYSE: TRI) reported revenue growth of 2% for the full year and 1% for the fourth quarter, before currency impact.   Including a $260 million charge in the fourth quarter, adjusted EBITDA was down 7% for the full year and down 32% for the fourth quarter Including a $275 million charge in the fourth quarter, underlying operating ... Read More »

Dun & Bradstreet Announces Simplified Organizational Structure

D&B announced a simplified organizational structure that includes six direct reports to Bob Carrigan, each of whom has global responsibilities: Josh Peirez has been promoted to Chief Operating Officer and will lead the new Global Operating Team, which includes Content, Product, Technology, Alliances, Strategy, and Mergers & Acquisitions, as well as the Worldwide Partner network; Mark Geneste has been promoted to Chief ... Read More »

Outsell Inc. Publishes “Information Industry Market Size & Share Rankings” Preliminary 2013 Results

  Outsell Inc. published its Market Size & Share Report, “Information Industry Market Size & Share Rankings: Preliminary 2013 Results”. Outsell estimates show that the industry grew in aggregate by 4.4% in 2013 to $753 billion, compared with growth of 3.5% in 2012. Search, Aggregation & Syndication, CRM and Human Capital Management grew at over 10%; Credit Information, Financial Information, ... Read More »

Business Information Firms Close ‘Know Your Customer’ Gap

Business Information Firms Close ‘Know Your Customer’ Gap The ‘Know Your Customer (or Supplier) Gap has spawned a number of information solutions generally categorized as ‘Governance, Risk and Compliance’.   Thomson Reuters, FICO, Dun & Bradstreet, Creditreform and others all have set up capabilities which offer specific solutions to close the ‘Know Your Customer’ (KYC) gap. This week BIIA member Worldbox ... Read More »

Thomson Reuters in Strategic Partnership with b-next

Thomson Reuters announced a strategic partnership with b-next, a provider of capital markets compliance solutions, to enable compliance managers at both buy side and sell side institutions to meet the ever increasing challenge of monitoring their firm’s trading activity. Through the partnership, Thomson Reuters Accelus Market Surveillance integrates b-next’s systematic surveillance capability with Thomson Reuters market data, news analytics and ... Read More »

Wolters Kluwer Acquires Financial Tools – Provider of CASH Suite

Wolters Kluwer Financial Services announced it has acquired Financial Tools, Inc., the provider of CASH Suite(TM)-an enterprise-wide financial analysis and credit risk management solution for U.S. commercial lenders. The addition of Financial Tools enables Wolters Kluwer Financial Services to provide U.S. community and regional banks and credit unions with the ability to manage financial performance and grow profitability with straight through ... Read More »

FICO Analytics Predictions for 2014

Andrew Jennings stated in his latest Bankinganalyticsblog.fico.com that 2013 has been quite a year in banking analytics – regulatory challenges, growth opportunities, new fraud threats, and the surge of mobile as the hot channel for customer engagement. He expects 2014 to bring even more change.  Here are his top five predictions for banking analytics in 2014. Big Data winners and ... Read More »

Bloomberg Appoints Chief Risk and Compliance Officer

Bloomberg L.P. announced that it has named Paul Wood as its Chief Risk and Compliance Officer.  He will oversee all risk, corporate compliance, client data security, and security globally and report to Daniel L. Doctoroff, Bloomberg L.P.’s Chief Executive Officer and President. This newly created role centralizes existing functions responsible for identifying and managing risk and compliance across all Bloomberg ... Read More »

Wolters Kluwer Financial Services Appoints Clive Pedder

Wolters Kluwer Financial Services announced today that it has appointed Clive Pedder as managing director, Europe, Middle East & Africa (EMEA).  He will be responsible for leading the overall growth strategy of Wolters Kluwer Financial Services’ Finance, Risk & Compliance business in the region. Clive Pedder has over three decades’ experience within the financial technology sector, most recently as executive ... Read More »

Thomson Reuters to Slash 3,000 Jobs in Finance and Risk

Thomson Reuters said it would slash 3,000 jobs in its finance operations, after reporting a drop in profits.  The cuts, mentioned in documents accompanying its third quarterly result, are in addition to the 1,000 job cuts the company announced earlier this year. The company said it would incur a $350m (£218m, €254m) charge to speed up a cost-saving plan, which ... Read More »