The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Avox Includes Fitch Credit Opinions in Counterparty Data

Avox and global ratings agency Fitch Ratings have signed a co-operation agreement to enable linkages to Fitch company identifiers and credit opinions within Avox’s counterparty data offering. Avox supplements its clients’ data records with information from Fitch Ratings as part of its counterparty data validation, cleansing and maintenance service.

Ken Price, CEO of Avox, says: “Whilst Fitch is the smallest of the three credit rating agencies at the moment they are aggressively looking for growth opportunities and Avox represents an innovative and collaborative model to work with.”

Fitch Ratings is a global ratings agency seeking to provide independent, timely and prospective credit opinions. The agency is dual-headquartered in New York and London and is part of the Fitch Group, which includes Derivative Fitch, a provider of ratings for the credit derivatives market, Algorithmics, provider of enterprise risk management solutions, and Fitch Training, supplier of analytic training for financial professionals.

“In this Basel II environment credit risk management is becoming a top priority for organisations and many are looking for third-party ratings companies to help address this need,” continues Price. “In general, financial institutions are centralising their data governance and management into a shared service within the firm to ensure that data is correct and corresponds across all departments. Partnering with Fitch Ratings provides a highly valuable data content component for our clients.”

Each rated entity in the Avox database, including its universal business entity identifier, can be mapped to the correct company data record and rating within Fitch’s database. The link for the mapping as well as other corporate data will be validated and maintained by Avox.
Credit rating information is required by investors to assess the credit quality of various alternative investment options. A number of Avox clients are already using the Fitch rating services and will benefit from integration into the Avox data pool. Fitch customers can benefit from Avox services by easily matching the rating information with other company data maintained in the Avox CORE database.Avox and global ratings agency Fitch Ratings have signed a co-operation agreement to enable linkages to Fitch company identifiers and credit opinions within Avox’s counterparty data offering. Avox supplements its clients’ data records with information from Fitch Ratings as part of its counterparty data validation, cleansing and maintenance service.

Ken Price, CEO of Avox, says: “Whilst Fitch is the smallest of the three credit rating agencies at the moment they are aggressively looking for growth opportunities and Avox represents an innovative and collaborative model to work with.”

Fitch Ratings is a global ratings agency seeking to provide independent, timely and prospective credit opinions. The agency is dual-headquartered in New York and London and is part of the Fitch Group, which includes Derivative Fitch, a provider of ratings for the credit derivatives market, Algorithmics, provider of enterprise risk management solutions, and Fitch Training, supplier of analytic training for financial professionals.

“In this Basel II environment credit risk management is becoming a top priority for organisations and many are looking for third-party ratings companies to help address this need,” continues Price. “In general, financial institutions are centralising their data governance and management into a shared service within the firm to ensure that data is correct and corresponds across all departments. Partnering with Fitch Ratings provides a highly valuable data content component for our clients.”

Each rated entity in the Avox database, including its universal business entity identifier, can be mapped to the correct company data record and rating within Fitch’s database. The link for the mapping as well as other corporate data will be validated and maintained by Avox.
Credit rating information is required by investors to assess the credit quality of various alternative investment options. A number of Avox clients are already using the Fitch rating services and will benefit from integration into the Avox data pool. Fitch customers can benefit from Avox services by easily matching the rating information with other company data maintained in the Avox CORE database.

Related content

WEBINAR

Recorded Webinar: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

Buy-and-Build Pioneer Thoma Bravo to Acquire AxiomSL

As we suggested a few weeks ago, AxiomSL was indeed up for sale – and it looks like Chicago-based private equity firm Thoma Bravo has won the race, with news this week that the firm has agreed to acquire a controlling interest in AxiomSL for an undisclosed sum. The deal is expected to close by the end...

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...