RegTech Intelligence

IMeta taps JWG RegDelta for regulatory interpretation services

IMeta, a leading global provider of client data management software and services, today announced it has selected JWG’s RegDelta platform, the leading regulatory change management platform, to provide a full regulatory rule set for the iMeta Client Lifecycle Management platform.

JWG’s RegDelta platform allows thousands of pages of detailed operational obligations to be organised, interpreted and actioned in a cost-effective way so that both buy and sell side institutions can prove compliance. Rules are updated and maintained on an ongoing basis and in accordance with individual business footprints; a welcome relief to senior management looking at the onslaught of vast amounts of obligations across multiple rules like MiFID II, Dodd-Frank, SFTR, EMIR, AMLD IV, CRS, IRS and others this year.

JWG developed the RegDelta platform in collaboration with regulators, financial institutions and partners. Designed from first principles, it is a golden source of all relevant regulatory obligations for an organisation. The platform provides users with a multi-thousand term topic ontology that simplifies context at the paragraph and footnote level, and a next generation rule interpretation engine. RegDelta allows firms to maintain a full audit trail and traceability and links to future change cycles, while providing superior custom reporting and an open API to feed data and analysis into external tools.

By using the RegDelta platform, iMeta can provide a set of optional configuration plug-ins to iMeta CLM (iMeta’s onboarding and lifecycle management platform), which will deliver rule sets for all applicable regulations for the onboarding and client lifecycle domain, across multiple jurisdictions. Through the CLM rules engine capabilities, iMeta clients will have full traceability from the relevant regulation to the interpretation and individual rules. Subsequently, iMeta clients can leverage actionable insight to improve operational functions, drive compliance and enable holistic risk management across the enterprise at a manageable cost.

Ben Marsh, iMeta CEO, said, “This is a great partnership for iMeta, enabling us to leverage proven regulatory experts, backed up with robust process and tooling. This capability will enhance our onboarding and client lifecycle management platform and will allow our customers to benefit from regulatory surety, by enabling the full end-to-end audit of regulatory content and policy, from source through interpretation, to application in operations.

Blythe Barber, Managing Director JWG, commented, “Innovative RegTech platforms like our RegDelta are increasingly important for financial institutions as a rigorous, data-driven, enterprise-wide approach is necessary to ensure compliance to regulation both now and in the future. We are pleased to support iMeta and enable holistic risk management across the enterprise.”

iMeta CLM is a complete end-to-end onboarding and client lifecycle management solution, capable of handling the regulatory and operational data requirements of financial institutions. With a highly flexible data model, workflow and business rules engine that can be configured in-house, the system is able to comply with existing Know Your Customer (KYC) and regulatory demands including MiFID II, DFA and EMIR. By implementing iMeta CLM, firms will realise greater efficiencies, save time, reduce costs and improve customer relationships.

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