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

LSEG Expands Digital Identity Capability with Acquisition of Global Data Consortium

Subscribe to our newsletter

London Stock Exchange Group (LSEG) has signed a definitive agreement to acquire Global Data Consortium, a provider of high-quality identity verification data to support clients Know Your Customer (KYC) requirements.

LSEG says the acquisition is aligned to the group’s vision of becoming a market leading global digital identity and fraud solutions provider. GDC, combined with LSEG’s existing capabilities from GIACT and Qual-ID, is expected to enable customers to verify digital identity and protect against fraud globally with a suite of real-time, accurate solutions.

GDC’s services are currently used within the LSEG customer and third-part risk business, to provide global digital identity verification to customers. Following completion of the acquisition, GDC will be part of LSEG’s data and analytics division. Refinitiv, now an LSEG company,  acquired a 11% stake in GDC in 2020.

“Adding GDC to the suite of digital identity solutions within our data and analytics division will enable us to continue to expand our capabilities in this high-growth segment, through both direct sales and channel partnerships,” says Andrea Remyn Stone, group head, data and analytics at LSEG.

Founded in 2012, GDC specialises in delivering high-speed electronic digital identity verification by using global name and address matching capabilities to accurately source and enhance data from over 300 data sources globally and provide high-quality identity data in near real-time for over 70 countries.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Taking a holistic approach to buy-side data management

As data volumes and complexity continue to increase, buy-side data management is at an inflection point. Manual processes and data siloes are no longer fit for purpose, and firms need to take a more holistic approach to data management that not only reduces manual intervention and cost, but also increases data access and accuracy for...

BLOG

FCA Sets Out Next Stages of Data Strategy

The Financial Conduct Authority (FCA) is advancing its data strategy after publishing an update in 2020, which set out a five-year plan designed to make the FCA smarter in its use of data and analytics. It has also established a joint programme with the Bank of England to transform how it regulates, with the aim...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...