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Leadership in Technology

Innovative technology is vital to FINRA’s ability to protect investors and safeguard a vibrant marketplace that works for everyone. Our commitment to pioneering technology enables FINRA to keep pace with complex securities markets that are constantly evolving.
Leadership in Technology

FINRA leverages artificial intelligence, big-data technology and open-source solutions, all in the public cloud. On a daily basis we take in billions of securities market events – more than 70 billion per day on average in 2019 – and stitch them together, creating tens of trillions of rows of data. Then we run complex, algorithmic surveillances on the data – including machine learning – to search for patterns and help our human analysts detect potential fraud and manipulation.

It’s very important, impactful work, done on a hugely complex, massive scale, by the best people, who truly believe in our mission. Our people gain expertise on the job, doing meaningful projects you don’t find anywhere else. It’s all part of our distinctive approach to staff learning, development and leadership. That’s how we pioneered the public cloud for the regtech space, and today that’s how we’re delivering the Consolidated Audit Trail, the biggest project in regtech – perhaps in all of fintech.

Using the same approach, we have transformed the portal that member firms use for their FINRA compliance and reporting. The new FINRA Gateway streamlines the firms’ user experience and provides a flexible solution that can be customized to an individual firm’s specific needs. We also apply our expertise and technology to provide database and registration systems under contract with the SEC and state regulators; these include BrokerCheck, the Central Registration Depository and the Investment Adviser Registration Depository and Investment Adviser Public Disclosure

In addition to advances by FINRA’s Technology department, FINRA’s Office of Financial Innovation (OFI) serves as a central point of coordination for issues related to significant financial innovations by FINRA member firms, particularly new uses of financial technology. OFI enhances FINRA’s ability to identify, understand and foster financial innovation in the markets in a manner that strengthens investor protection and market integrity.

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Blog Post
At FINRA, we do more than just ensure the broker-dealer industry operates fairly and honestly. One of our core values is innovation. To cultivate a mindset for pioneering innovative solutions, we constantly create opportunities for our staff to enhance their current skills, add new skills, and we equip them with the cutting-edge tools. Our goal is to empower them to shape and grow their career. Our annual SQuAD Expo event is one of those opportunities.
Blog Post
At FINRA, we’ve built a framework and cultivated a mindset, a culture for innovation and collaboration. It not only helps ensure the securities industry follows the rules, but also it empowers our employees with projects, programs, and opportunities so they can be the best version of themselves. That allows them to build, grow, and shape their career as they protect investors. Createathon, our annual internal hackathon, is one of those opportunities.
Blog Post
At FINRA, we’re the first line of oversight for the brokerage industry. And our employees are the defenders along that line, ensuring every day that we protect the investing public against fraud and other violations of FINRA rules and the federal securities laws.
Blog Post
September 2021 marked the sixth anniversary of FINRA’s annual Createathon event, under the theme, “Powered by People.” For three days, teams of staff collaborated across business and technology to innovate. Among the many game-changing solutions created was Xpand Reality, an augmented reality simulation web and mobile app for investor education.
Blog Post
When you think of the best work environment in information technology, you probably think of a place where you can do highly advanced work that makes a positive difference. Where the organization values your unique contribution and perspective, and invests in your ability to reach your potential. Where collaboration and innovation are among the core values. You might not think of a securities regulator. But think again.
Media Center
An employee hackathon event a few years ago resulted in an idea that has since transformed the way FINRA’s Advertising Regulation group does its work. On this episode, we learn about the impressive collaborative effort to build a tool to apply advanced analytics and machine learning to the review of firm communications with the public.
Blog Post
What is Herd? Overview Herd is big data governance for the cloud. The herd Unified Data Catalog (UDC) helps separate compute from storage in the cloud. Herd job orchestration manages your ETL and analytics processes while tracking all data in the catalog. Here is a quick summary of features:
Blog Post
How FINRA Assesses Performance of its Machine Learning Models Data science has come a long way in the past 10 years. As machine learning projects become productionized, they look increasingly like software projects. Focus has shifted from presenting charts to integrating AI software into a production pipeline. There is still plenty of work in the former scenario, but the latter has become more mainstream in the last few years.
Media Center
Cybersecurity has only increased in importance as huge swaths of the workforce continue to work remotely. On this episode, two FINRA cybersecurity experts share how FINRA handled the transition and areas of focus for 2021. Plus, learn why you should think twice before trying to brush that piece of hair off your phone screen.
Media Center
This episode originally aired in September 2020. Technology is opening up new possibilities when it comes to solving business challenges. And that's important when it comes to optimizing an organization's most valuable limited resource: its people. On this episode, Member Supervision's new head of Data Analytics and Technology explains how FINRA is augmenting its examination and risk monitoring program.

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