Technology at the Heart of Regulation

The Australian Securities and Investments Commission (ASIC) is set to implement significant updates to the reporting requirements for over-the-counter (OTC) derivatives in October 2024, harmonising Australia’s Derivatives’ Reporting regime with the work carried out by IOSCO-CPMI on critical derivatives elements. With the compliance deadline set for October 21st, 2024, market participants must swiftly adapt their reporting practices to align with the revised requirements. The ASIC Rewrite introduces several changes to…

In the evolving landscape of global finance, adherence to regulatory mandates such as the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) is paramount. These frameworks are at the forefront of international efforts to combat tax evasion and enhance the transparency of financial transactions across borders. However, for financial institutions operating in multiple jurisdictions, these regulations present a maze of complexities and compliance challenges. The Challenge…

An international technology provider for brokers – Brokeree Solutions, announced the integration of its flagship Liquidity Bridge with MAP FinTech – a global regulatory technology provider and one of the first providers in Europe to have reported under the European Market Infrastructure Regulation (EMIR).   This collaboration aims to integrate MAP FinTech’s regulatory reporting tools with Brokeree’s Liquidity Bridge technology. Clients of both MAP FinTech and Brokeree can look forward…

We are excited to announce that MAP FinTech has received the award for the Most Innovative Technology for Regulatory Compliance at the 2024 RegTech Insight Awards APAC. The APAC RegTech Insight Awards highlight RegTech solutions that have successfully improved firms’ ability to effectively respond to evolving and increasingly complex regulatory requirements in the global financial services sector. Over the years, MAP FinTech has developed fully automated solutions for various regulatory…

We are delighted to announce that MAP FinTech has once again secured its position as a finalist in four categories at A-Team Group’s 2024 RegTech Insight Awards Europe. These awards recognize both established solution providers and innovative newcomers who have created effective RegTech solutions over the past year, enhancing firms’ capacity to adapt to the constantly evolving and complex regulatory demands in the global financial services sector. For MAP FinTech,…

In 2023, AI became widely known, raising concerns about its impact on financial stability. Various industry experts shared their insights in a recent article on this subject featured in RegTech Analyst. George Markides, Senior Manager of the Compliance Support Department at MAP FinTech, highlighted the historical evolution of financial markets due to technological advancements. He cautioned that AI could introduce greater unpredictability to the financial markets and cited past instances…

  The world of financial regulations is constantly evolving, and it is crucial for businesses to stay compliant with these rapidly changing rules. One such regulation is the European Market Infrastructure Regulation (EMIR) and its many reporting requirements. Understanding EMIR REFIT Reporting The upcoming changes to EMIR reporting were drafted to harmonise the reporting regimes with the work being carried out at an international level by IOSCO-CPMI on critical derivatives’…

An insightful article in FinTech Global highlights several key regulatory developments to watch in the financial landscape during the first half of 2024. Key areas of focus include communication compliance, with continued scrutiny of recordkeeping accuracy and the monitoring of communication channels. Additionally, the rise of Generative AI (GenAI) brings both promise and regulatory attention, as authorities seek to address compliance implications associated with AI technologies. Further regulatory efforts are…