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 Replaces Free Wiki-Data Service with AvoxData

Subscribe to our newsletter

Avox, a DTCC subsidiary and provider of reference information on legal entities, is replacing its free wiki-data service with AvoxData, a web service that will continue to provide free wiki-data type content, but also a subscription element for access to more detailed business entity records. AvoxData was developed with an Avox client and went live last week.

Avox intends to migrate wiki-data users to AvoxData, but says the wiki-data site will remain open while this is done. Ken Price, CEO and co-founder of Avox, says: “AvoxData has the functionality of wiki-data and a log-in facility that will give clients additional information they have subscribed to. We already have records of over 450,000 entities, but we will soon increase this to around 800,000 records, which is about 80% of liquid trading names globally.”

Basic information that will continue to be offered as part of the free AvoxData service includes: an entity’s legal name; place of incorporation and business; trading status; parental information; Avox’s AVID identifier; and a provisional legal entity identifier (LEI) based on the LEI solution proposed to the Financial Stability Board (FSB) by the Securities Industry and Financial Markets Association and the Global Financial Markets Association.

Additional information available as part of the subscription model includes: access to the complete Avox standard field set for subscribed legal entities; the ability to export legal entity details to pdfs; tracking of challenges to data and new entity registrations; a faceted search facility; monitoring entities of interest for changes; and the inclusion of client specific identifiers linked to AVID’s and LEIs once they are finalised and available.

Price cites firms such as Dun & Bradstreet as potential competitors in the entity reference data space, but says: “We have a more focused set of data and a focus on timeliness. AvoxData’s differentiator is that it leverages a collection of intelligence based on a series of news and data feeds supplemented by client data as clients can challenge data that is part of the service.”

Avox intends to include LEIs in its database when they are finalised and used as part of the global LEI solution that is the remit of the FSB. It will download them from any LEI utility that is implemented and use them in its offering to clients. One such utility could be provided by DTCC, which has been working with Swift on a proposal for a central registration authority and utility for the LEI, a proposal that was pushed back by the FSB early this month when it changed course to favour a federated approach to the LEI.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

GLEIF Begins a New Decade in Growth Mode

The Global Legal Identifier Foundation (GLEIF) enters its second decade this month with its novel system of identifiers for everything from companies and their financial instruments to real assets fast becoming a global standard. While the next five years are expected to see yet more entities join the GLEIF’s open data project, the organisation’s immediate...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

A-Team Group’s Valuations Vendor Directory 2009

An indispensable guide to valuations professionals seeking providers of services in the asset valuations market. A-Team Group’s latest release in its series of directories – available for FREE download – focuses on vendors of valuations data, models and analytics. But this is not just another list of firms with their telephone numbers – you can get that...