About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SIX and Eagle Investment Systems Expand Alliance to Include Sanctioned Securities Monitoring Service

Subscribe to our newsletter

Switzerland-based data provider SIX and Eagle Investment Systems, a BNY Mellon company, today announced an expanded alliance to help Eagle clients source global sanctions data – building on an established relationship dating back to 2011.

Eagle clients can now source sanctions data directly from SIX for use within Eagle solutions. The alliance will help to streamline efforts by clients to source, validate, and align sanctions data with existing portfolio data, helping firms minimize the risk of reputational damage and fines that can result from dealing with sanctioned entities.

“Effective sanctions compliance depends on accurate identification of in-scope entities and their issued securities, which are very complex and constantly changing,” said John Mc Manus, Head of Sales Americas, Financial Information at SIX. “Expanding our relationship with Eagle Investment Systems delivers a data solution that empowers their clients to adapt quickly to regulatory demands and sanctions activity, helping them to trade with confidence as a result.”

The Global Sanctions Data Service by SIX provides a list of related entities and issued securities of “watched” individuals or organizations who have been sanctioned by regulators or government bodies. The service identifies the regimes under which each is sanctioned, drawing from various international regulatory bodies, including those of the EU, Hong Kong, the UK and the US, as well as the United Nations. The firm monitors around 6.7 million active instruments and over 26,000 changes a week (such as regulator updates and shareholder changes).

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Solving the problem of integrating beneficial ownership data with client onboarding and KYC systems

Client onboarding and Know Your Customer (KYC) processes are becoming more complex as regulation drives towards the inclusion of beneficial ownership data and requires financial institutions to improve customer due diligence still further. The webinar will discuss the need for beneficial ownership data, how it can be sourced and how it can be efficiently and...

BLOG

Why Sanctions Compliance Is Becoming an Intelligence-Led Discipline

By Theodora Papadimitropoulou, head of GTM & Strategy, Third-Party Risk and Compliance. For years, sanctions compliance was closely associated with a single task, running a counterparty’s name against the relevant lists, checking for a match and acting if required. How much that tells you, though, depends heavily on the provider and the data behind the...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Entity Data Management

Entity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small,...