A-Team Webinar Discusses the Imperative of Change in Client Onboarding
Improved customer service, faster time to revenue, reduced technology costs and the ability to comply with current and future regulations are just some of the benefits of new data management approaches to client onboarding and Know Your Customer (KYC), but they cannot be gained without achieving organisational change and senior management buy-in. A recent A-Team...
Avox Adds Web-Based APIs to Speed Up Access to Legal Entity Data
Avox has added web services to the channels it offers for customers to access its legal entity reference data. The services are based on application programming interfaces (APIs) that are designed to support fast access to entity data. The APIs also allow customers to pull Avox content directly into in-house applications or into enterprise data...
Bureau van Dijk offers Datasets that Fulfil Expected Requirements for LEI Data Hierarchies
Bureau van Dijk (BvD), a provider of company information, is ready to meet financial institutions’ requirements for Legal Entity Identifier (LEI) hierarchy data once the data is defined by the Regulatory Oversight Committee (ROC) of the LEI or agreed by financial market participants for use in the Global LEI System. The lack of defined LEI...
Mizuho International’s Implementation of GoldenSource EDM Reduces Operational Risk and Improves Data Quality
Mizuho International has reduced operational risk, improved data quality and cut down the time it takes to onboard clients by replacing legacy systems and manual processes with an enterprise data management (EDM) solution from GoldenSource. The London-based securities and investment banking arm of Mizuho Securities, part of the Mizuho Financial Group, selected GoldenSource EDM in...
Legal and General Investment Management Picks Sun Street’s Curium for Data Quality Management
Legal and General Investment Management (LGIM) has completed its initial implementation of Curium DQM across its data management and investment operations teams in London and Chicago as part of its drive to meet key data governance objectives and visibility of data across the enterprise. At LGIM the first phase of Curium DQM adoption provides a...
AIM Software Plans to Accelerate Growth Following Private Equity Investment
New York based private equity firm Welsh, Carson, Anderson & Stowe (WCAS) has taken a majority stake in AIM Software and plans to work with the company as a strategic partner to accelerate geographic expansion and drive up revenue by 40% to 50% over the next year. WCAS declines to detail the size of its...
Bloomberg Builds Out Use Cases of Vault Data Management Service
Bloomberg is considering additional use cases for its Vault data management solution and File Analytics software including reference data management and maintenance for regulatory reporting. File Analytics was added to Bloomberg’s cloud-based Vault service in June 2014 with a view to helping organisations locate and manage what Bloomberg calls dark data, essentially structured and unstructured...
Man Group Streamlines KYC Process with Thomson Reuters Managed Service
Man Group has selected Thomson Reuters’ KYC Managed Service to replace predominantly manual in-house customer due diligence processes. The managed service is expected to help the alternative investment manager streamline its Know Your Customer (KYC) process and improve the monitoring of client records on an ongoing basis. Man Group searched the market for a global...
New York Data Management Summit: Market Participants Argue the Case for LEI Hierarchy Data
Regulation, an entity-centric view of clients, and the Legal Entity Identifier (LEI) are driving entity data management across capital markets, but the picture is not complete with market practitioners noting that the LEI needs hierarchy data to make it truly useful and a solution to the problem of monitoring systemic risk, for which it was...
New York Data Management Summit: Getting Ready for Basel Committee Regulation BCBS 239
The Basel Committee on Banking Supervision regulation BCBS 239 is a game changer, requiring banks to review and sometimes renew their data management processes in order to strengthen risk data aggregation capabilities and push risk reporting towards near real time. The challenges of BCBS 239 were the subject of a discussion session at A-Team Group’s...