Data Management Insight Blogs The latest content from across the platform
US AML Requirements Shift Human Capital Focus
A report from Thomson Reuters and the Association of Certified Anti-Money Laundering Specialists (ACAMS) notes that since the launch of US AML requirements for financial institutions in May 2018, firms have shifted human capital focus away from regulatory change management towards more efficient customer due diligence (CDD). According to the 2018 Anti-Money Laundering (AML) Insights…
Benefits and Limitations of Deploying Regtech to Fight Financial Crime
Financial crime is rising exponentially, requiring financial institutions to review and renew client onboarding, Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. A panel discussion at A-Team Group’s recent RegTech Summit in London considered the challenges and inefficiencies of today’s onboarding, KYC and AML solutions and proposed how regtech deployment could improve the situation….
AxiomSL Expands European Presence through SKS Partnership
AxiomSL has partnered Germany’s SKS Unternehmensberatung in a move set to increase its influence in continental Europe. AxiomSL’s regulatory reporting platform is already compliant with both national and international requirements in Germany, and its collaboration with SKS, a provider of regulatory, risk and compliance management systems, is expected to enhance its market position. The firm…
Element22 Brings Data Management, Analytics and Technology Expertise to Europe
Element22 is bringing its data strategy, analytics and execution expertise to Europe with the establishment of a London office and appointment of Mark Davies, formerly CEO of Avox, as lead of the European practice. The company was set up in 2014 in New York City by managing partner Predrag Dizdarevic, and has developed into a…
DTCC Equity Kinetics Provides Insights into US Equity Markets
DTCC has introduced Equity Kinetics, a data services product providing institutional investors with a comprehensive market view of activity across all US equity trading venues. The data is ideal for quantitative market participants seeking insights to enhance their understanding of the US equities markets. DTCC Equity Kinetics facilitates analysis of US equity market activity by…
The Devil is in The Data: The Role of FMIs in Providing Data Services and the Importance of a Best Practice Approach
By Tim Lind, Managing Director, Data Services at DTCC In recent years, it has been claimed that data has eclipsed oil as the world’s most valuable resource. Financial market infrastructures (FMIs) are on a constant search for ‘new oil’ and the value of data is certainly on the list of new services they are developing….
Broadridge Offers Next-Generation Global Asset Servicing Solution
Broadridge Financial Solutions is gaining interest in a ‘designed by users for users’ solution that aims to address industry, business and operational challenges around global asset servicing. Developed with a global Tier 1 bank, and cloud and software-as-a-service (SaaS) enabled, the solution streamlines corporate actions, dividend and coupon processing across multiple asset classes, business lines…
ANNA Sets Up Benchmarks Task Force
The Association of National Numbering Agencies (ANNA), which is responsible for assigning ISIN, FISN and CFI codes, has set up a Benchmarks Task Force to develop the process of obtaining ISINs for referential instruments, in particular, indices and reference rates. The purpose of the task force is to enable collaboration between ANNA and global benchmark…
A Dive into the Detail of the Systematic Internaliser Regime Under MiFID II
The requirements of the systematic internaliser (SI) regime under Markets in Financial Instruments Directive II (MiFID II) became mandatory on September 1, 2018, meaning firms within the scope of the regulation must become SIs when they trade certain volumes in particular instruments, as set out by the European Securities and Markets Authority (ESMA). A month…
Refinitiv Sets Out Rationale Behind Closure of Wrexham Entity Data Processing Facility
Refinitiv’s proposal to close the Wrexham facility where it produces its Verified Entity Data as a Service – formerly the entity data service provided by Avox – looks like the beginning of a slippery slope as the company states that the proposal ‘has been made as we seek to focus our operations in fewer, larger…