The ID Register wins silver at Soundbox Sprint Innovation Challenge
Thursday, June 28, 2018 | The ID Register
The ID Register has been recognised with a silver award at the Guernsey Financial Services Commission's (GFSC) "Soundbox Sprint Innovation Challenge" on Friday 22 June 2018.
The one day event challenged participating teams to develop digital solutions for one or more of three pre-set challenges, including how technology could be used to; optimize efficient and effective client due diligence, improve administration and assist the financially excluded.
The ID Register was presented the award in recognition of the solution it offers for continually changing regulatory requirements and the lengthy paper based processes ass…
Data Protection - Lessons From Facebook
Friday, May 25, 2018 | Tim Andrews, The ID Register
Facebook was still three years away from launch when I graduated. The screech of my dial-up modem was followed by some simple websites that functioned just like the posters or billboards that had preceded them. Less than 20 years later, we all witnessed a congressional circus around Mark Zuckerberg where democratic leaders struggled to understand the complex problem of data privacy for which neither government, financial markets nor firms themselves have a ready answer.
The ID Register recently passed the 20,000 investor profile threshold and, while miniscule in comparison with the terabytes of data held by Facebook, it i…
JMLSG KYC Guidance for UK Firms
Friday, May 25, 2018 | Daniel Robert, The ID Register
In 2017, The Joint Money Laundering Steering Group, (JMLSG) which sets the regulatory guidance for all UK financial services firms, issued revised KYC guidance. This ensures that United Kingdom regulations remain in line with recent updates from the Financial Action Task Force (FATF) and the European Union Fourth Money Laundering Directive. This revised guidance places a particular emphasis on financial services businesses adopting a risk based approach to counter potential Money Laundering and Terrorist Financing risks. This update explains the overall approach, recent changes and how these requirements can be satisfied t…
Implications of the Fifth Money Laundering Directive for the Funds Industry- May 2018
Friday, May 25, 2018 | Mark Quigley, The ID Register
On May 14th the Council of Europe adopted a directive strengthening the EU Rules to prevent money laundering and terrorist financing. Dubbed the Fifth Anti-Money Laundering Directive, it will amend directive 2015/849 and aims to further enhance transparency and controls in the wake of a number of terrorist attacks in Europe in 2016.
The 5th Anti-Money Laundering Directive entered into force on 9 July 2018 and Member States will have to implement these new rules into their national legislation by 10 January 2020. Some of the key changes to the 4th Anti-Money Laundering Directive are as follows:
1. Transparent access t…
What is The ID Register? - Two minute interview with Tim Andrews
Tuesday, March 27, 2018 | Tim Andrews, The ID Register
Director of The ID Register, Tim Andrews, explains about the background of the investor onboarding platform and how it can help make key processes such as fund launches faster, easier and more cost-effective.
Ballard Chalmers Case Study - Ipes: The ID Register
Monday, March 26, 2018 | Ballard Chalmers
"Custom software development is at the heart of fintech and makes systems like this one a reality. With our experience in this sector we are helping to solve real problems for finance sector firms." - Managing Director, Ballard Chalmers
After the success of the fully bespoke build of Capital Tracker, a cutting edge cloud enterprise application developed for managing Private Equity funds, Ipes continued their longstanding relationship with software development outsource partner Ballard Chalmers on the build of The ID Register, an online investor onboarding platform that helps makes key processes such as fund launches faste…