Data Management Insight Blogs The latest content from across the platform
Refinitiv Withdraws KYC as a Service Solution
Refinitiv is planning to withdraw its KYC as a Service offering, most likely late this year, once again raising questions around the viability of the utility model and following Bloomberg’s decision to pull out of the KYC market and withdraw its Entity Exchange KYC and client onboarding solution little more than a month ago. Refinitiv’s…
The Trials, Tribulations and Potential Benefits of FRTB Compliance
Fundamental Review of the Trading Book (FRTB) regulation is more prescriptive than former Basel 2.5 market risk requirements, calls for a consistent workflow across risk, finance and the front office, and needs firms to source previously unused and difficult to find data – challenges that many banks have yet to conquer ahead of the January…
Asset Control Hires Eddie Grant to Drive Managed Services Growth
Asset Control is all set to drive growth of the managed services it brought to market early this year, following the appointment of Eddie Grant to the newly developed role of head of managed services. Grant will focus on delivering the full spectrum of Asset Control’s managed services from hosting and application management to testing…
FSB Suggests Reducing Cost of LEIs in Response to Review Finding LEI Coverage too Low
The Financial Stability Board’s (FSB) latest review of the Legal Entity Identifier, a Thematic Review on Implementation of the Legal Entity Identifier (LEI), offers an ‘I said so’ to the sceptics, but also recommendations that should benefit firms using the LEI and encourage further take-up that will drive data standards, quality and accuracy across the…
Refinitiv Deploys Trulioo Digital Identity Verification Technology to Strengthen Fight Against Financial Crime
Refinitiv and Trulioo, a provider of digital identity verification technology, have partnered to offer access to digital identity solutions that could strengthen the fight against financial crime and foster financial inclusion. The partnership plans to deliver innovative solutions that will help financial institutions reduce fraud and financial crime by verifying billions of customers online while…
FRTB 2022 Deadline Proves Tricky for Firms and Regulators
Global regulatory implementation of the Basel Committee on Banking Supervision’s (BCBS) Fundamental Review of the Trading Book (FRTB) may be unevenly paced, creating challenges for financial institutions and regulators alike. FRTB was introduced to fix problems that both regulators and the industry perceived with so-called ‘Basel 2.5’ market risk changes, which were put in place…
Why You Need to Take Tech Seriously When It Comes to KYC
By Wayne Johnson, CEO & co-founder, encompass corporation. At the heart of any strong Know Your Customer (KYC) or Anti-Money Laundering (AML) programme is data. The ability to access and analyse information in a methodical way that ensures customer records are complete, accurate and, crucially when it comes to AML, compliant with the latest requirements,…
Fenergo Offers Client Onboarding Efficiencies with API-based Digital Client Orchestration
Fenergo continues to innovate with Digital Client Orchestration, a suite of customer lifecycle management (CLM) tools the company claims can enable efficiencies of up to 82% in client onboarding. The solution uses APIs to allow Fenergo functionality to be plugged into any front, middle or back office system including customer relationship management applications, such as…
GLEIF Partners XBRL to Offer Benefits of Embedding LEIs in Machine-Readable Financial Documents
The Global Legal Entity Identifier Foundation (GLEIF) continues to add use cases of the LEI beyond regulatory compliance, this time through a partnership with XBRL International that allows LEIs to be embedded in digital, machine-readable financial documents. Demonstrating the partnership, the GLEIF has published its 2018 annual report in human and machine-readable Inline XBRL and…
Bloomberg Puts Stead in App Portal as Desktop Wars Heat Up
As the war for control over the trader desktop heats up, Bloomberg has been steadily diversifying the third-party applications available via its Bloomberg App Portal, an AppStore-like facility that allows users to access third-party data and applications through the Bloomberg Terminal. The Bloomberg App Portal isn’t new, it was launched with much fanfare (and some…