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

Avox and GoldTier Partner on Enhanced ‘Know Your Customer’ System

Subscribe to our newsletter

Avox, a supplier of legal entity data on financial entities globally, announced today that it has partnered with GoldTier, a compliance software provider, to create an enhanced system to help the financial industry comply with increasingly strict regulatory “Know Your Customer” (KYC) requirements.

GoldTier is a leading provider to financial firms of software for onboarding new clients in compliance with KYC regulatory requirements. Having reliable and up-to-date due diligence on potential clients is necessary to comply with KYC and similar regulatory requirements. The incorporation of Avox data into GoldTier’s onboarding system will provide financial institutions with streamlined access to constantly updated, quality data throughout the client management lifecycle.

“The combination of our data offering with GoldTier’s onboarding software enables our mutual clients to realise the benefits of having quality data integrated into their daily processes,” said Ken Price, CEO of Avox, a subsidiary of the Depository Trust & Clearing Corporation (DTCC). “The data provided by Avox is continually validated by our global client network and by our first class research team, supported by authoritative information sources. This data is linked back to a verification audit trail to ensure complete transparency during regulatory audits.”

Price noted that having access to verifiable client data during the onboarding process was essential to making informed decisions on a client’s risk. He also noted that it was equally important to maintain the quality and accuracy of that data as a client’s circumstances change. “By volume, ongoing maintenance of the profiles of the entire base of existing clients is often more laborious than the onboarding of new clients,” Price said. “By pairing technology and quality data feeds to automate these maintenance processes, we can create an opportunity for cost-effective scaling.”

Regular feeds of updated client information from Avox will trigger GoldTier’s automated KYC risk re-calculation and review processes. GoldTier system is a global, cross-product platform, and adding Avox’s data will help create a system that provides a data-triggered KYC rolling review across the business.

“This partnership pairs the GoldTier system’s industry-proven client data model with Avox’s industry-proven client data,” noted Matthew Tebaldi, president and COO of GoldTier. “By combining our capabilities, ongoing updates to client data can be processed in a compliant and cost-effective manner. We’re excited to welcome Avox into the growing group of GoldTier clients and partners.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Detecting and preventing market abuse

Market abuse – unlawful disclosure of inside information, insider trading, circular trading, “pump and dump” schemes, etc. – poses significant threats to the integrity of capital markets. In 2024, global trading house Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) for trading with non-public information, manipulating a...

BLOG

AML Partners Extends Directed Intelligence with AI/ML Agents

With its RegTechONE® platform and Directed Intelligence framework, AML Partners is enabling financial institutions to train their own AI/ML models using internal operational data, ensuring that compliance automation aligns with real-world risk decisions and regulatory expectations. Unlike traditional AI models that rely on opaque, third-party training data, AML Partners’ Directed Intelligence records every compliance decision,...

EVENT

Data Licensing Forum 2025

The Data Licensing Forum will explore industry trends, themes and specific developments relating to licensing of financial market data from Exchanges and Data Vendors.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.