Opinion: How Machine Learning Solves Client Onboarding, by Adam Devine, WorkFusion
Brute force can’t solve onboarding. Machine learning can. Here’s how. Throwing headcount at the ubiquitous client onboarding problem hasn’t worked. It’s still a mess. Offshoring just sweeps the mess under the rug, and the expression, “misery loves company” is a good way of describing the impact of utility plays. Every onboarding solution on the market...
KAS Bank Implements AIM Software’s Data Management Application
AIM Software has secured a contract to modernise data management at Netherlands-based KAS Bank, a specialist in securities services, risk control and reporting services that administrates over €400 billion in assets on behalf of clients in the pensions and securities industry. The bank was looking for a solution that would allow it to migrate from...
CounterpartyLink Provides LEI Data Hierarchies that Should Meet the Needs of the Global LEI System
CounterpartyLink (CPL) is building out its Legal Entity Identifier (LEI) data on a daily basis and adding hierarchy data to the identifiers. The hierarchy data will help financial firms meet the requirements of the Regulatory Oversight Committee (ROC) of the LEI for hierarchical structures, and is already being used by firms seeking a clearer understanding...
Opinion: Push Me, Pull You
By Neill Vanlint, Global Head of Sales & Services, Goldensource Manual reminders. Consulting external websites. Receiving files overnight. Checking discrepancies. Manually keying in changes. Alerting compliance. Sounds like data management practices from about 20 years ago, right? Not so. While you wouldn’t dream of following this ‘pull’ process with security data, say to check for...
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...
Global LEI System Makes Progress with Regulatory Commitment to Implement LEI Data Hierarchies
The Global Legal Entity Identifier (LEI) System is moving towards completion following a statement from the Regulatory Oversight Committee (ROC) on the introduction of LEI hierarchy data and the opening of a website by the Global LEI Foundation (GLEIF) that will provide access to a centralised database of all issued LEIs. Work is also being...
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...