HEXANIKA

49 Flips | 4 Magazines | @Hexanika | HEXANIKA is a FinTech big data software company, which has developed an end-to-end solution for financial institutions to address data sourcing and reporting challenges for regulatory compliance. Our innovative solution improves data quality, keeps regulatory reporting in harmony with the dynamic regulatory requirements and keeps pace with the new developments and latest regulatory updates. 

The Rise and Scope of FinTech

There are undoubtedly a lot of challenges banks are currently facing. The dynamic regulatory environment and the rise of technology in everyday …

Administrative Law

Sandbox in Financial Services: An ideal testing platform

On April 14, 2016, the FCA (Financial Conduct Authority), one of the prime regulators in the United Kingdom, announced that it was preparing to …

Financial Services

Banking Stratosphere Sees Another One Bite The Dust at Barclays

<b>What happened?</b><p>Hot on the heels of the news of the firing of Deutsche Bank’s Co Chairmen Anshu Jain and Jurgen Fitschen, as revealed in the previous …

Deutsche Bank

Bank Technology Innovation : Shape Up or Ship Out!

Bank Technology: FinTech Innovation<p>For far too long, banks have employed the same hackneyed business models, but now they are being confronted by …

Banking

Why shift from ETL to ELT?

The process of data warehousing is undergoing rapid transformation, giving rise to various new terminologies, especially due to the shift from the …

Big Data

Which are the commonly used Hadoop Tools in Banking?

Hadoop Infrastructure<p>Hortonworks<p>The company provides Hadoop Implementation and Solutions to various industries, also including financial …

Big Data

Hadoop in Banking: The Game Changer

What is Hadoop?<p>Apache Hadoop is an open source software framework written in Java for distributed storage and processing of very large datasets on …

Big Data

Automation in Banking

Banking and Automation- the two terms are synonymous to each other in the same way bread is to butter – always clubbed together<i>.</i> We live in a digital …

Online Life

The Cloud for Productivity

In today’s world remote working is extremely essential because of the level of convenience it can get for any kind of business. Talking about …

Google App Engine

Blockchain ’s Disruptive Technology

Ownership of Asset and transfers made between businesses can be costly, time consuming and inefficient with a high vulnerability of manipulation. …

Blockchain

Regulatory Impact on Large Banks

In the United States there are around 7000 banks and based on their asset size these banks are categorized as small, medium and large. Regulatory …

Administrative Law

Regulatory Reporting for Financial Institutions: The Technology Challenge

While we have previously analyzed the impact of regulations on banks due to various key issues (see related articles at the end of the blog), …

Administrative Law

Overview of FATCA

As reported in a survey by Americans Abroad Global Foundation (AAGF) and the University of Nevada, 80% of US citizens living abroad believe that the …

Overview Of SAR (Suspicious Activity Reporting)

Suspicious Activity Reporting (SAR) forms the cornerstone of the Bank Secrecy Act (BSA) and provides critical financial information to combat …

Administrative Law

Overview of OATS Reporting

Order Audit Trail System (OATS) requirements require firms to report information related to handling and execution of customer orders as well as …

Bank of America Joins Debris of Executives in Regulatory Bind

In our last blog about the shake up at Barclays and Deutsche Bank we had asked you to watch this space.<p>In the latest management overhaul, America’s …

Regulatory Tsunami: Financial Pain Grips Banks

As the regulatory juggernaut rolls on, the fines being currently meted out are just the tip of the iceberg. Analysts are predicting that more …

Regulatory Compliance: Why one size does not fit all!

Imagine going to a tailor and discovering that there is no measuring tape, just ready-made clothes of one size, meant for all. While it would be …

FATCA: Overview, Challenges and Implications for Banks

Overview<p>On the outset, let’s first understand what exactly FATCA (Foreign Account Tax Compliance Act) is in its simplest sense.<p>“<i>The Foreign Account</i> …

An overview of the CCAR

Bank Holding Companies (BHC’s) may be subjected to severe financial and economic stress from time to time, which impacts their operations. Hence the …

AML: Dissuade Money Laundering

<b>Money Laundering Vs Terrorist Financing</b><p>Money Laundering is a vicious method of making illegitimate money look legitimate by following the classic PLI …

A summary of Solvency II Directives

<b>Background</b><p>In 1973, the Solvency I Directive was put in place by the European Union (EU). It was aimed at revising and updating existing EU Solvency …

Dodd-Frank’s Impact on Regulatory Reporting

Banks are under the scrutiny of various regulatory bodies to keep a check on their activities, especially the banks conducting risky operations that …

Regulatory Impact on Small and Midsize Banks

There are more than 7000 banks in the United States, which sets it apart from other industrialized nations which have only a handful in comparison. …

Administrative Law

How can Banks keep up with changes in Regulatory Reporting?

It’s a vicious cycle.<p>The economic crisis caused by the financial downturn led to regulators coming up with new reporting requirements and changes in …

RegTech is the new FinTech

Technology has impacted our lives in more ways than one since the past few decades. However, it is only recently that it has been able to make a …

Administrative Law

A Review of BCBS 239: Helping banks stay compliant

The Basel Committee of Banking Supervision’s (BCBS) guiding principles, titled BCBS 239: Principles for Effective Risk Data Aggregation and Risk …

Regulatory Reporting Costs and Burden for Small & Mid-Sized Banks

Anecdotal evidence from bankers suggests that the cost of complying usually increases with new rules and regulations when large statutory changes are …

What is the hype around Big Data?

In the early 90s, most people would look puzzled when early adopters of the internet could not stop going gaga over the advent of technology. But …

Value: The lesser known ‘V’ of Big Data

Big data in the modern era is the main focus in the IT plans of all financial institutions. As the financial sector becomes increasingly competitive, …

Big Data