Professional services firm Kinetic Partners is augmenting its consultancy offering around trade monitoring and surveillance with a software solution from Redkite Financial Markets. This is the firm’s second tie-up with a software provider following a partnership made in March with the London Stock Exchange that bundles Kinetic’s consultancy skills with the UnaVista transaction reporting solution.

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Swissrisk Financial Systems has built its Foreign Account Tax Compliance Act (Fatca) solution using an enterprise application integration (EAI) framework that spans banking processes relevant to the act, integrates legacy and web-based applications and avoids the need to build a new system for the compliance task.

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Lombard Risk Management has stepped up its regulatory solutions for the US Dodd-Frank Act with an engine designed to meet the Act’s requirement for ‘Wall Street transparency and accountability – regulation of the OTC swaps markets’, essentially the need to report swap data through the lifecycle of a trade.

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Otkritie Capital, the investment banking arm of Russia’s Otkritie Financial Corp., has selected a cloud-based solution from Nice Actimize to improve market abuse surveillance and anti-money laundering (AML) across its direct market access business and broker/dealer activities in Europe.

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By Matthew Coupe, sales director, EMEA, Redkite Financial Markets

When the UK’s streets broke out into mass rioting this summer, the UK government responded with unprecedented force. Officially, the riots were quashed by intelligence-led, nationally mobilised law enforcement, backed by the politicians at the heart of Westminster. Unofficially, of course, the streets were out of control, and detainment measures are said to have been taken that are still being questioned through the courts. It’s gone remarkably quiet again. Orderly behaviour has resumed and we are left with a financial bill and the job of rebuilding the shaken communities, questioning all the while the parental responsibility of this youthful minority.

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Wolters Kluwer Financial Services’ acquisition of Chinese financial reporting provider Sasgas, through its FRSGlobal subsidiary, will give FRSGlobal its first base in China on which to build business for its regulatory reporting and risk management solutions.

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