back Back

Insightful Technology urges Compliance Officers to prove Risk-Based eComms surveillance outcomes have merit at XLoD Global

By Joy Dumasia

October 25, 2021

  • Compliance
  • Cybersecurity
  • Europe

Insightful Technology advises financial institutions planning to pivot to a risk-based electronic communications (eComms) surveillance to begin working with regulators to prove the merit of the new approach. The UK company, relied upon by more than 150 banks globally to provide fixed price holistic surveillance and reporting fully inclusive of software, hardware and services across all regulatory data sources, including e&v comms, market data and order management, will make its recommendation at XLoD Global.

Taking place on 17th and 18th November 2021, XLoD Global is a virtual event where the world’s leading financial institutions and regulators will discuss the future of non-financial risk and control. Insightful Technology is a lead sponsor for the event, alongside Accenture, Deloitte, and PwC.

On 17th November 2021 at 09:25 (GMT), Founder, CTO and Technical Evangelist at Insightful Technology, Robert Houghton, will join a panel including Deutsche Bank, Goldman Sachs and Westapac, to debate the move towards Risk-Based E-Comms Surveillance. Panellists will discuss – What does risk-based surveillance mean in practical terms? Is it feasible for firms to cease their surveillance on low-risk individuals? What is the regulatory support for taking a risk-based approach?

At 16:25 (GMT), Houghton will join HSBC and Goldman Sachs representatives in a Surveillance Technology Leaders Debate, chaired by Alan Lovell CBE, Former Managing Director, Global Head of Surveillance at HSBC. The 50-minute session will consider the shift from building to buying surveillance technology, question whether teams have the budgets needed to acquire the solutions they need, and what are the opportunities for surveillance teams within Technology to integrate across other technology teams?

Robert Houghton, Founder, CTO and Technical Evangelist at Insightful Technology, said: “There are currently no parameters from regulators of the financial sector to permit risk-based surveillance. If you opt for a risk-based approach, it is imperative to keep the regulator informed regarding the guidelines and processes that will be followed, along with the reporting metrics that demonstrate the outcomes of your risk-based assessments have merit.”

Previous Article

October 25, 2021

Network International and tabby to enable BNPL services in the UAE

Read More
Next Article

October 26, 2021

Chargebacks911 appoints David Jimenez to Chief Revenue Officer

Read More


Advertise with us

IBSi Prime News

The Weekly Wrap

January 28, 2022


The Weekly Wrap: all you need to know by Friday COB | Jan 28th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

January 24, 2022

Kroll enhances Cyber Risk offering with new Malware Analysis and Reverse Engineering capabilities

Read More

January 21, 2022 launches Verified™ Platform Version 2.4

Read More

January 21, 2022

ComplyAdvantage appoints Nabeel Vilcassim as CFO and Oliver Furniss as CPO

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
Applications of Artificial Intelligence In Banking 2021


Know More
Global Digital Banking Vendor and Landscape Report Q4 2021

£1,500 / year

Know More
Wealth Management & Private Banking Systems Report Q4 2021

£1,500 / year

Know More
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More