Surge comes as SEC logged a record $6.4 billion in penalties last year.
Following the implementation of SteelEye’s ChatGPT surveillance platform, chief executive officer Matt Smith sits down with The TRADE to explore the new and growing role of AI in compliance technology - and what this could mean for the way the capital markets operate.
New analytics tools are allowing regulators to take a more data driven approach to supervision of firms of all sizes, SteelEye chief Matt Smith told The TRADE.
The latest funding round brings the regtech firm’s total capital raised to date to $43 million.
Bank of America, JP Morgan and Morgan Stanley have all received multi-million dollar fines for activities relating to off channel communication on personal devices.
Brian Lynch, President of SteelEye US, talks to The TRADE about the changing landscape for financial regulation in the US: with a rundown of the latest changes and a look at what might yet be to come.
New appointment will help lead SteelEye’s commercial expansion in the North American market.
Senior appointment at SteelEye follows a recent funding round for the firm as it looks to expand into the US.
High demand for cloud-based compliance technology and remote working conditions brought on by the pandemic were key drivers for SteelEye to expand into US.
SteelEye will act as a replacement for CME Group after the May announcement that it would be shutting down its regulatory reporting services by the end of 2020.