Specialist Regtech provider Shield is proud to announce it has been awarded ‘Fintech Innovation: Best Regtech Platform 2019’ by Juniper Research’s Future Digital Awards. The award recognises the Shield platform’s contribution to the Regtech sphere, which has become vital to the financial sector in an age of big data and rapidly expanding regulations.
Shiran Weitzman, CEO and Co-Founder at Shield commented, “We are extremely proud to be recognised in these highly respected and influential awards. Financial regulations are evolving faster than ever and coupled with huge increases in data, it means that it is almost impossible to manually process these with full assurance that regulatory compliance is being met. Regtech has never been more important and this award recognises Shield’s excellence in providing our market-leading solution.”
The rigorous judging process of the Future Digital Awards involves a shortlisting from the experts at Juniper Research and then assessment by a panel of independent judges, ensuring entries are thoroughly checked and the winners chosen on merit alone. The Shield entry demonstrated that its platform brings order to the chaos of processing both structured and unstructured data to ensure financial firms meet applicable regulations such as MiFID II, MAR and forthcoming EU ePrivacy.
The awards highlight Shield’s innovative approach, recognising that data can only be effectively managed and investigated once all eComms channels have been consolidated and ordered. Without this, Compliance teams face high levels of false positives which waste time/resources and obscure real issues.
The Shield solution is designed to fully support financial firms with their compliance obligations, as Shiran added, “Our platform evolves to ensure firms are always up to date with the latest changes or updates in legislation and (unlike many Regtech solutions) it is also field proven showing it is highly reliable and usable in the real world. It offers a highly efficient and cost-effective choice which meets any and all potential Regtech needs. In a rapidly changing world (such as the uncertainty of Brexit looming), it’s essential for firms to have complete control and full reliance on their compliance function.”
To benefit an even wider range of financial firms, Shield also recently released Shield for small to medium sized (SME) investment firms – a dedicated new version of its cloud-based, cross-regulation and comprehensive eComms compliance platform that specifically caters for the needs of small and medium-sized financial services firms.
This new version has been developed in response to industry demand for a solution that meets the unique requirements and budgets of these smaller, highly dynamic businesses whilst being highly affordable and simple to deploy and maintain – even for businesses that lack specific technical expertise.