GTN taps Scila AB for AML, market risk, and trade surveillance
“The integration of Scila’s AML, Risk, and Trade Surveillance solutions guarantees that our platform stays compliant with the constantly evolving regulatory environment worldwide.”
GTN has selected Scila AML for transaction monitoring, Scila Risk for market risk, and Scila Trade Surveillance for trade surveillance, provided by the Stockholm-based independent financial market technology provider Scila AB.
The provider of trading technology for brokers, asset managers, and their customers will leverage a flexible suite of Scila products for holistic monitoring of global trading activities – including risk calculations, account transaction monitoring, and trade surveillance.
Staying compliant with the constantly evolving regulatory environment worldwide
Scila’s Anti-Money Laundering solution will allow GTN to ensure a safe and efficient investment environment for financial institutions and fintechs to serve their clients better.
Manjula Jayasinghe, Chief Executive Officer of GTN Group, said: “The integration of Scila’s AML, Risk, and Trade Surveillance solutions guarantees that our platform stays compliant with the constantly evolving regulatory environment worldwide.”
Lars Gräns Rodhe, Chief Commercial Officer at Scila AB, commented: “Scila is proud to have been recognised for our ability to deliver confidence in markets to clients around the world and are particularly pleased to have been selected by GTN to accompany them on their exciting journey.”
GTN offers white label offering for brokers, banks, asset managers, and fintechs
Bringing together a diverse team of over 300 talented individuals across Dubai, Singapore, South Africa, Sri Lanka, the UK, and the United States, GTN offers trading technology for brokers, banks, asset managers, and fintechs via co-branded front-ends and an API suite.
The GTN API suite is inspired by embedded finance and provides the adaptability to develop bespoke trading/investment applications or incorporate GTN features into existing platforms, enhancing their value proposition. GTN’s global trading ecosystem includes best-in-class execution, custody, and post-trade solutions.
GTN is backed by strategic investors like IFC, a member of the World Bank Group, and SBI Ventures Singapore Pte. Ltd., a group company of SBI Holdings, Inc., one of the largest financial services firms listed on the Tokyo Stock Exchange.
Capital.com deployed Scila Surveillance
In March, retail brokerage firm Capital.com announced a partnership with Scila AB to deploy Scila Surveillance, the fully-fledged, Java-based surveillance system that includes a broad selection of alert rules and reports, a powerful search and replay functionality as well as trading analytics tools.
The solution caters to multi-asset brokers, trading venues, regulators, and compliance departments, offering a one-stop surveillance tool to monitor the entire market and ensure integrity.
Scila Surveillance has been implemented at a number of trading venues – spanning from equities to commodities and derivatives markets, including Alpha Trading Systems, Burgundy, the Chicago Board Options Exchange, the London Metal Exchange, Markit BOAT and NYSE Liffe.
The system will cover the whole spectra of instruments available at Capital.com’s customer sites in more than 20 countries around the globe, utilizing advanced machine learning capabilities to classify alerts and e-communication such as chats, emails and voice recordings.
