Shield Financial Compliance (Shield FC) is proud to announce it is one of the winners in the Deloitte RegTech Challenge. The competition highlighted 40 of the most innovative start-ups using Artificial Intelligence (AI) to solve regulatory problems in the financial sector. Shield FC’s cross-regulation compliance platform provides a 360 view of all electronics communications (eComms) and trades, making compliance more efficient and ROI driven.
The final selection phase was hosted at Deloitte Greenhouse in Milan in January and was attended by Shiran Weizman, Co-Founder and CEO at Shield FC who commented, “We are very proud to have been named runner up in this prestigious competition, and excited to be awarded the opportunity to collaborate with a selection of Deloitte’s EMEA Risk Advisory firms on future projects. This recognition reflects the hard work, expertise and innovative approach of the Shield FC team.”
Following the result, the Deloitte RegTech Challenge team also commented, “We had the privilege to get in touch with some highly impressive start-ups throughout our RegTech Challenge and we want to congratulate Shield FC for the excellent result achieved. As Deloitte, we are proud to create for Shield FC the opportunity to be a part of our innovation ecosystem that aims to solve real business problems and meet our clients’ needs.”
Shield FC provides financial firms with a powerful, yet cost-effective automated regulatory compliance solution. It transforms siloed eComms platforms into a single end-to-end solution to reconstruct, report and interact with complete trade timelines via an intuitive point-and-click user interface. A highly secure out-of-the-box solution, it also provides a wide spectrum of bespoke options to fit the requirements of any financial firm, whilst evolving to meet all future needs.
Shiran added, “The RegTech market is an exciting and fast moving one, which means technology collaboration is an essential part of its evolution. As a business Shield FC is innovating and offering products that provide levels of automation and assurance that were undreamt of even a few years ago. As financial regulations and practices become more complex, RegTech is also evolving to ensure financial firms fully adhere to legislation whilst continuing to flourish and profit in this vital sector.”
The Shield FC platform continues to garner acclaim, it recently also became a finalist in both the ‘Best Trade Reconstruction Solution for Best Execution’ and special ‘BSO Award for Fintech Innovation’ categories of the TradingTech Awards Europe 2019.