About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Accuity Repositions Data to Deliver KYC Identifier File

Subscribe to our newsletter

Accuity has repositioned data from its Bankers Almanac payments solution and Know Your Customer (KYC) Due Diligence Data File to deliver a KYC Identifier File that allows Legal Entity Identifiers (LEIs) and Global Intermediary Identification Numbers (GIINs) to be matched to banks’ counterparty records.

The KYC Identifier File also provides access to BICS, internal Accuity identifiers, company head office details, branch details and alternative name details that can be integrated with bank systems to support a single view of a customer.

The identifier file is a response to customer requests for a solution to match LEIs and GIINs to counterparty records and can be used to update existing databases and support customer on-boarding. It is available immediately and refreshed on a weekly basis. In future, further identifiers, such as tax identifiers, may be added to the file.

Kerry Hewson, executive vice president at Accuity, says: “The ability to enrich existing customer data with these identifiers and support the matching of entities across databases will help to create a single view of a customer. The KYC Identifier File is another step in providing tools that ensure access to accurate data, improve clients’ ability to respond rapidly to regulatory demand, and mitigate risk.”

Accuity is sourcing core bank information for the KYC Identifier File from its existing database. BICs, LEIs and GIINs are sourced from their originators and matched to data in the database. The company is also using GIINs, which are required to identify foreign financial institutions under the Foreign Account Tax Compliance Act (Fatca), as a starting point to gather further data and documents that are required for Fatca compliance.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Leaving Money on the Table: Busting the Myths of North American Securities Class Action Claims for European Investors

North American securities class actions, particularly within the United States, represent one of the most developed frameworks globally for shareholder redress. Operating on an opt-out basis, this passive participation model automatically includes eligible investors, including those based in Europe, allowing them to obtain compensation without initiating litigation. Despite the fact that billions of dollars are...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...