Shield, the RegTech provider, is marketing a dedicated new version of its cloud-based, cross-regulation and comprehensive eComms compliance platform that caters specifically for the needs of small and medium-sized financial services firms. It says that it has developed this in response to demand from the industry.

Conversations with, and feedback from, customers taught Shield that the market required a version of this kind. It refers to manual investigations as "ineffective and prohibitively expensive, particularly for smaller firms which have neither the human nor budgetary resources."

Shiran Weitzman, the firm's CEO, insists that the package is "highly affordable" and that the user interface is "highly intuitive." Shield opened an office in London earlier this month.