Markit is adopting the Industry Classification Benchmark (ICB) from Dow Jones Indexes and FTSE Group. ICB will be implemented across Markit’s entire range of entities across all asset classes. Markit’s involvement will also help to enhance ICB’s coverage of the current 40,000 equities by expanding into around 5,000 credit default swap reference entities and bond issuing entities. This information is covered in Markit’s Reference Entity Database (RED), which will now follow ICB guidelines providing a four-tier classification structure.
A-Team Insight Blogs
Markit Adopts and Enhances ICB Codes for Credit Markets
Recorded Webinar: The future of KYC and AML: How to tackle the challenges and gain the opportunities of perpetual KYC
Perpetual Know Your Customer (or pKYC) could be a game changer for client onboarding, due diligence and financial crime compliance. Moving on from today’s reactive approach that conducts client KYC processes at onboarding and typically at one, three and five year intervals, pKYC takes a proactive approach, creating a digital KYC profile and dynamically refreshing...
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...
Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.
This special report accompanies a webinar we held on the popular topic of The Data Management Challenges of Client Onboarding and KYC, discussing the data management challenges of client onboarding and KYC, and detailing new technology solutions that have the potential to automate and streamline onboarding and KYC processes. You can register here to get immediate...