Protiviti -

Chief Compliance Officers (“CCOs”) are facing uncertain times due to a combination of factors that challenge the stability and predictability of their operating environments. These factors include geopolitical tensions; rapidly shifting political and regulatory agendas that are resulting in less uniform approaches across the globe; budget and headcount restraints; evolving business models; the speed and impact of innovation; and, in some companies, waning board and management support stemming from the belief that regulatory pressures may be lessening.

Broadridge Financial Solutions, Inc. -

The fifth annual Digital Transformation & Next-Gen Technology Study captures the perspectives of more than 500 financial services technology and operations leaders to explore their approaches to data, AI, crypto, cybersecurity, personalization, and more.

Center for Research in Security Prices, LLC -

Ever wonder what led to the development of CRSP Market Indexes?

Built on the success of its research quality stock data—and now, Chicago Booth Magazine is telling that story.

In a newly published article, the magazine explores how research by Booth faculty led to the creation of CRSP’s market indexes, backed by innovative methodology, culminated in the 2010 launch of the CRSP US Total Market Index.

Discover the origins, impact, and continued evolution of CRSP’s approach to market indexes.

J.S. Held -

With more employees working remotely and regulators taking a tougher approach to off channel communications (OCC), the mismanagement of OCC poses serious risks for financial services firms. While some financial institutions mitigate risk by providing business devices to employees to use for all business communications, this may not be cost effective or feasible for many firms. 

This article notes that independent compliance consultants with expertise in digital forensics can help firms of any size perform comprehensive analyses of their policies and procedures on the retention of communications found on employees’ personal devices and unauthorized messaging apps.

Deloitte -

In our latest publication, we delve into the current state of pivotal regulatory developments and provide an “impact and response framework,” which can serve as a self-assessment tool for financial service companies and others that are building out capabilities to support payment stablecoins activities.

Sidley Austin LLP -

On February 4, 2025, in the first official statement from the SEC's newly established Crypto Task Force,  SEC Commissioner Hester Peirce provided a glimpse into the priorities and guidelines concerning “the crypto road trip” ahead for all industry participants in the crypto/digital assets space. Commissioner Peirce invited the public to engage with the Task Force, which presents a monumental opportunity for industry participants to shape the future of the digital assets space by engaging via no-action relief requests, written submissions, and virtual or in-person meetings to offer input concerning issues of focus for those participants and development of a new regulatory framework. Click on the URL below to read more.

Wilson Sonsini Goodrich & Rosati -

Companies in the growing “wealthtech” space often face novel regulatory and legal issues under the federal securities laws. Wealthtech companies blend traditional asset management and brokerage services with new technologies: among others, algorithmic modeling, including but not limited to artificial intelligence (AI); social media tools that allow investors to interact with one another; sophisticated communication protocols that facilitate more efficient trading; and data scraping to generate new sources of information about the economy, investments, and particular investors.

Wilson Sonsini Goodrich & Rosati -

The lead of the U.S. Securities and Exchange Commission’s (SEC’s) new Crypto Task Force (Task Force), Commissioner Hester Peirce, recently laid out principles for how the Task Force will approach regulation and provided a roadmap for specific issues the Task Force is working on with policy staff of the SEC (Staff). While “The Journey Begins” (the Statement) represents Commissioner Peirce’s own views and not the official positions of either the SEC or the Task Force, it provides insights into the Task Force’s anticipated direction.

Moore & Van Allen, PLLC -

There are three types of depository institutions in the United States (“banks”):

• commercial banks;
• savings associations (which specialise in deposit taking and mortgage lending); and
• credit unions (a co-operative financial institution formed for members of a common group who collectively own the institution).

Bank charters are available at the state and federal levels. The selection of the charter type can be driven by expected product and service offerings, anticipated customer base, the markets in which the bank will operate, examination costs, preference for a particular primary regulator, and the importance of federal law pre-emption of certain state laws to the bank’s business plans.

Platonic -

The financial system is on the brink of transformation, evolving into an autonomous global market. Today’s infrastructure is ill-equipped to support the flow of capital that the future demands. aOS (The Asset Operating System) is the missing piece—a blockchain-native infrastructure that turns static assets into AI-linked, self-executing instruments capable of transacting, optimizing, and settling autonomously. By bridging legacy finance with digital-first ecosystems, aOS unlocks $400 trillion in dormant capital, enabling financial institutions to evolve without disruption. With intelligent smart contracts, privacy-enabled transactions, and interoperability, aOS is not just an upgrade—it’s the foundation for an autonomous financial era.

Sia -

GenAI and AI are set to transform asset management, helping firms boost efficiency and increase scalability. Sia collaborated with top asset management firms and SIFMA to understand the world of possibility with AI/GenAI with four specific use cases: documentation analysis and processing, corporate actions, accounting reconciliations, and data visualization, quality and predictions. Across these four, extensive current state lifecycles were evaluated for key pain points and how new technologies like AI and GenAI can alleviate them. Further, our team evaluated the industry landscape to identify what is in the market today to help asset managers conquer the next frontier of operations. 

AutoRek -

Asset management and capital markets firms are navigating an increasingly complex landscape. From stringent regulations to shifting investor demands and rising competition, firms are under immense pressure to adapt.

At the same time, automation, artificial intelligence (AI), and machine learning (ML) are transforming the industry, offering opportunities for efficiency and growth.

Despite the push for innovation, our latest research reveals many firms are still reliant on outdated technology that can’t keep up with today’s data demands.

To better understand where the industry is headed and uncover key pain points and opportunities for transformation, we surveyed 250 senior finance managers in asset management and capital markets across the US.

Infosys Limited -

Millennials and Gen Z are set to inherit trillions, bringing a new era to wealth management. These digital-first, value-driven investors demand more—greater transparency, tailored solutions, and seamless digital experiences.

For traditional firms, this is not just a challenge; it’s an opportunity. Adopting a tech-enabled, holistic strategy that balances innovation with compliance is key to retaining trust and driving sustainable growth.

Discover actionable insights in the latest article from Sachin Kamat, exploring how asset managers can evolve to meet the expectations of the next generation of investors, unlocking long-term success in wealth management.

Fill out the form to download full article.

Smarsh -

Cost Savings And Business Benefits Enabled By Smarsh

As a modern enterprise, capturing, archiving and supervising data is a difficult and complex challenge. Smarsh makes it easy and simple — and the numbers back up our claim.

Smarsh -

Smarsh Acquires CallCabinet for Major Expansion, Bringing Leading Edge Technology to the Voice Market

The combined offering will significantly enhance the established compliant call recording and AI-powered analytics market, delivering unparalleled operational efficiencies and business intelligence to organizations across industries.

Smarsh -

Smarsh Positioned Furthest for Overall Completeness of Vision
Smarsh has been named a Leader in the Gartner® 2025 Magic Quadrant™ for Digital Communications Governance and Archiving Solutions (DCGAS) and is positioned furthest for Completeness of Vision. 

Eventus -

A pioneering retail-focused US Equities broker-dealer known for commission-free trading, approached Eventus to further enhance their surveillance capabilities.

Key Metrics:

⁠⁠⁠⁠⁠⁠⁠
The client benefited from a swift and seamless implementation of Eventus’ Validus platform, which delivered:

• < 2 Months: Time-to-market  
• Enhanced Surveillance: Customizable pattern alerts  
• Seamless Integration: Data format compatibility and case management export

Eventus -

The 2025 compliance landscape is evolving rapidly, with regulators intensifying enforcement, focusing on emerging markets and enhancing cross-border collaboration. Compliance leaders must stay ahead of these shifts to mitigate risks. Advanced trade surveillance technology, such as Eventus’ Validus, offers automation, flexible procedures and advanced analytics to improve monitoring and reduce false positives. Best practices include tracking regulatory changes, investing in scalable solutions, fostering a compliance culture and improving data governance. Staying proactive and adaptable is key to navigating these challenges successfully.

BetaNXT -

Built on the Snowflake AI Data Cloud, DataXChange Accelerates Data Modernization and Maximizes Operational Efficiency with a Single Source of Near Real-Time Data.

Eventus -

Discover why data governance failures have cost institutions billions—and how to safeguard your firm. Last year alone, financial institutions faced over a billion dollars in fines due to data governance lapses—penalties that eclipsed fines for market abuse. Regulatory scrutiny has intensified, with fines so substantial they’re being called existential threats to firms’ stability. Is your trade surveillance and data governance up to the task?

This report delves into the evolving role of trade surveillance and data integrity, exploring why data governance failures now pose the biggest financial risk to institutions worldwide.

Eventus -

Martina Rejsjo, VP of Product Management at Eventus, explores industry trends, surveillance challenges, and product updates. She highlights the issue of “noise” in surveillance—alerts that don’t lead to immediate investigations—and differentiates between false positives (errors) and low-value true positives (accurate but non-actionable alerts). Over-filtering risks missing emerging threats, while automating alert management improves efficiency. Validus’ automation capabilities help firms capture more data while avoiding analyst overload, enabling pattern detection and trend analysis. Firms should rethink their surveillance strategy to balance risk detection with operational efficiency. 

Global Relay -

As the financial industry evolves, U.S. regulators have demonstrated their determination to keep pace with advancing platforms and ensure retention across all electronic communications. Beyond traditional mediums, regulators are concentrating on prevalent channels like text, instant messaging, and social media. Obtain an overview of several eye-catching enforcements and understand the timeline of recordkeeping failure fines for modern methods of communications.

Global Relay -

In this annual report, Global Relay analyzes the data of over 12,000 regulated financial institutions to provide a unique view of how the industry is capturing communication data, and what the future may hold for compliant communications.

Kramer Levin Naftalis & Frankel LLP -

Kramer Levin thought leadership piece covering ISDA's commissioned assessment of the function, governance and membership of the Credit Derivatives Determinations Committees. Co-authored by Derivatives and Structured Products partner Fabien Carruzzo. 

Ernst & Young LLP -

In times of great disruption, clear leadership is imperative. GenAI is a classic people, process and technology triad that CIOs and IT operations have been balancing for decades. We commonly hear that business drives technology. GenAI has the potential to significantly accelerate that paradigm shift. By creating a vision, building a plan and asking the big questions, the CIO can drive the agenda as an advocate and a true business enabler for the opportunities presented by GenAI.

Ernst & Young LLP -

GenAI-enabled solutions can help developers with software modernization and transformation initiatives.

Ernst & Young LLP -

While financial institutions have initiated many technological investments in recent years, digital transformations with multidisciplinary teams are key to scaling current platforms and developing new solutions that reduce operational inefficiencies and manual processes.

Ernst & Young LLP -

As AI-generated and edited content becomes increasingly commonplace and companies continue to adopt AI capabilities, original content created by humans will become a premium service, and AI disclosure is an increasing expectation.

Ernst & Young LLP -

Understanding the risks of blockchains and digital assets can be a daunting task due to the nascence of the technology. The six pillars of risk and their criteria outlined in this paper are meant to arm the reader with a general framework for performing due diligence that aims to be universally applicable in identifying risks associated with many types of blockchain implementations and token designs. It is, therefore, not exhaustive nor was it developed with one particular blockchain or digital asset in mind.

Ernst & Young LLP -

Conducted in March 2024, the survey aimed to better understand how retail investors think about digital assets (including sentiment, allocations, future expectations, tokenization, and payments); 1,034 retail investors were surveyed. This included 570 self-reported accredited investors and 464 non-accredited investors. Survey respondents self-reported “accredited investor” status with this being defined as >$1m in assets or >$200k in income for each of the past three years. Respondents were roughly 50/50 male and female and included a mix of investors who have/are currently invested in digital assets (e.g., crypto, stablecoins) and digital asset products (e.g., funds, trusts, derivatives), and those who have never invested. Survey respondents were globally distributed with 464 from the US, 227 from Europe, 185 from Canada, 128 form Asia, and three from rest of world. 

Ernst & Young LLP -

On December 13, 2023, the SEC adopted amendments to Rule 17Ad-22 under the Exchange Act to approve central clearing for U.S. Treasury and Repo markets. This ruling produces a significant change in U.S. Treasury market structure, materially impacting broker-dealers and institutional investors. The rule includes several exemptions, and when combined with a longer implementation timeline, gives market participants additional time to assess how their business strategy will be impacted, as well as prepare for implementation.

Ernst & Young LLP -

Selecting an access model for U.S. Treasury central clearing is a strategic decision that should be based on a firm’s current and future business needs. FICC offers a variety of solutions to accommodate the diverse participants in the U.S. Treasury market with the aim of promoting efficiency and stability across the industry.

Ernst & Young LLP -

Market participants face complex challenges from the technological impacts of the U.S. Treasury central clearing mandate. Firms will need to have a more open architecture with a wider set of connection points as the Treasury market matures. By investing in the right technology decisions and ensuring minimal disruptions to existing operations, firms will be prepared to meet regulatory requirements while gaining a competitive advantage through modernizing legacy clearing platforms, enhancing operational efficiency and building a more resilient infrastructure. Those who approach these technology challenges and opportunities strategically will position their firms for success in the evolving central clearing market structure.

Ernst & Young LLP -

The SEC’s mandate for central clearing of certain treasury cash purchase and sales and repo transactions by December 2025 and June 2026 respectively will bring significant structural change to the U.S. treasury market. SIFMA and EY US recently released the USTC Industry Considerations Report to help educate market participants on the key implications and considerations when preparing for the required industry-wide changes. Please explore the report summary and contact EY should you have any questions, challenges, or topics you would like to discuss.

Ernst & Young LLP -

To prepare for the SEC’s mandate for central clearing in the U.S. Treasury and repo markets, financial institutions should develop and implement a comprehensive approach to contracting and onboarding that includes client profiling and communication, tailored documentation, and negotiation strategies.

Ernst & Young LLP -

Going into 2025, regulators will expect firms to be prepared for market disruption and volatility, while delivering good outcomes for customers. The onus is on firms to prove their risk management and governance arrangements are agile and robust enough to meet these concerns.

Capco, a Wipro company -

The adoption of the T+1 settlement cycle in the US, Canada, Mexico, and Latin America has been largely successful, with affirmation rates significantly improving and a notable reduction in clearing fund requirements. However, financial institutions must continue refining processes as regulators begin assessing compliance with the new SEC rules.

Capco, a Wipro company -

While formal policy decisions will only materialize over the course of this year, it is already clear that the strong likelihood is that the UK and EEA will transition to a T+1 settlement cycle for securities in October 2027. This will be preceded in the UK by a code of conduct setting out intermediate enabling goals for the market, requiring progress by market participants on automation and enhancement of trade processing. 

BetaNXT -

BetaNXT CEO Bob Santella speaks with Craig Iskowitz on the WealthTech Today podcast about the most impactful industry trends of 2024 and our new product, DataXChange.

BetaNXT -

In 2025, the industry will advance toward a foundation based on trusted, connected data.

Data can offer wealth management organizations extremely useful insights that can improve their operations, and most importantly, create a more meaningful and personalized experience for clients. Historically, data management has been a big problem across the industry — preventing wealth managers and their clients from reaping the benefits of “connected data,” whereby a firm’s platforms and systems “speak” to one another by exchanging data and provide the coherent, near-real-time answers and next steps (from that data) which clients need. In recent years, wealth management firms have been trying to fix the industry’s outdated technological infrastructure — and we expect them to continue making strides in this area in 2025.

BetaNXT -

Jonathan Reeve, shares his vantage point as Head of Product Strategy and Development at BetaNXT, on the ongoing digital transformation across financial services has been driving several key trends, which will likely shape FinTech innovation and implementation in 2025.

Protiviti -

Ask financial crime professionals what the most challenging part of their job is, and most will likely say it is the timely identification of suspicious activity. As much as companies have worked to improve their detection capabilities given their compliance obligations, their desire to protect their reputations and their understanding, as corporate citizens, of the impact of financial crime on society — success has remained elusive.

Historically, financial crime detection has involved mostly after-the-fact (hindsight) identification of potentially illicit activity gleaned from reviewing massive amounts of alerts — most of which are non-productive. Enter artificial intelligence (AI), which offers the opportunity not only for better detection results (insight) but for predicting (foresight) when suspicious activity may occur. Add the potential process efficiencies that AI offers across many facets of financial crime compliance programs, and the large number of companies at risk of being used to facilitate financial crime — and it becomes clear why enterprises are increasingly eager to understand and explore the opportunities.

For purposes of this FAQ guide, we have chosen to focus on financial services and e-commerce, two of the higher at-risk industry sectors; however, much of what is covered will apply to other industries as well given the indiscriminate nature of financial crime and wide spanning regulatory/compliance mandates. The questions are illustrative and far from exhaustive, but they are the ones that have arisen most often during our discussions and work with clients and others in the marketplace. Some questions apply generally to the adoption of AI for any purpose, while others are very specific to the use of AI to support financial crime compliance. We intend our responses to be plain language, largely non-technical answers to the questions that may be on the mind of financial crime professionals, management, and board members when it comes to whether or how to adopt artificial intelligence.

This FAQ guide is provided for general information only and is not intended as legal analysis or advice. Companies should seek legal counsel on specific questions as they relate to their unique circumstances. Regulatory guidance and industry standards on the use of artificial intelligence continues to evolve and varies across jurisdictions and industries. Accordingly, some of the issues addressed in this booklet may be impacted by future guidance.

Protiviti -

The big picture: As we enter the new year, the financial services industry once again faces compliance risks that are increasingly diverse and complex.

Priorities by region: For 2025 we asked a larger-than-usual group of Protiviti colleagues across the globe to help identify the most pressing compliance issues in their market.

Common areas of concern: Artificial intelligence, financial crime, privacy and security, operational resilience, third party risk management, consumer protection, compliance function optimization, and resourcing were identified as priorities in all regions.

Go deeper: Read about idiosyncratic issues in North America that have emerged from heightened uncertainty, regulators’ ESG focus in Europe and U.K., and conduct and culture concerns in Asia-Pacific. We also look back at our 2024 predictions.

Broadridge Financial Solutions, Inc. -

NEXT by Broadridge curates actionable intelligence, expert analysis, and data-driven insights on the major trends shaping the future of the financial services industry. We give decision-makers an edge that can only be sourced from the deep domain knowledge and extensive data resources of Broadridge.

Broadridge Financial Solutions, Inc. -

Broadridge’s Data Center of Excellence presents the latest U.S. Investor Study, offering insights from share-ownership data derived from proprietary processes. Analyzing millions of anonymized retail investor households, the Study details holdings in broker-dealers, online platforms, RIAs, and wirehouses. It covers ETFs, mutual funds, and U.S. equities in taxable accounts and IRAs from 2019–June, 2024, providing a comprehensive view for professionals seeking to understand investor behavior and holding patterns.

Theta Lake, Inc. -

Theta Lake’s annual report offers unparalleled insights into the use of unified communication and collaboration (UCC) platforms, satisfaction with archiving tools and emerging compliance challenges. See how your Digital Communications Governance and Archiving (DCGA) measures up and discover strategies to close compliance gaps.

Key findings include:

• 97% identified significant risks associated with GenAI usage
• More than 1/3 are using 7 + UCC tools, rising from 17% in 2023
• 54% disable capabilities within approved communications
• 2/3 fear employees are using unmonitored communications

BetaNXT -

The corporate actions lifecycle is time-consuming, prone to errors, and costly. Despite the widespread adoption of digital technology throughout the wealth management industry, the processing of mandatory and voluntary corporate actions has remained stubbornly manual. This manual approach leads to inefficiencies, increased business risks, and poor user experiences.

The white paper examines the problems with today’s corporate actions lifecycle, who is most affected, and the challenges they experience. It explores the drivers for change and advancements in systems connectivity that herald genuine, end-to-end automation of corporate actions processing.

KPMG LLP -

KPMG Risk Factors: Actionable insights risk leaders need to deliver value and build stakeholder trust.

KPMG LLP -

KPMG Regulatory Insights View: Series covering regulatory trends and emerging topics.

KPMG LLP -

U.S. banks face a difficult growth environment due to compounding macro- and microeconomic headwinds, geopolitical instability, intensifying regulatory scrutiny, and other near-term challenges putting pressures on earnings. At this critical juncture, the KPMG national banking practice sees significant opportunity for banks to choose change—embark on an accelerated journey of enterprise-wide transformation.

The U.S. Banking Industry Outlook Survey captures the challenges and opportunities faced by the banking sector amidst economic, regulatory, and technological disruptions, from 200 banking executives surveyed on their views on current industry trends and topics in March 2024.