The Kingdom of Bahrain plans to improve client onboarding and minimise fraud through a partnership with Fenergo. Bahrain’s Electronic Network for Financial Transactions is working with Fenergo to implement a national KYC utility. The solution verifies customer identity via biometric identity and verification technology that links to Bahrain’s national identity card data before connecting to the eKYC hub, which determines required KYC and Anti-Money Laundering (AML) data and documentation for customer due diligence as required by Central Bank of Bahrain. Once customers are onboard, Fenergo writes data attestations to a blockchain for reuse by other financial institutions within the ecosystem.
A-Team Insight Briefs
The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has never previously been required mean firms should already be identifying tools, solutions and...
Refinitiv continues to build out the Verified Entity Data as a Service (VEDaaS) technology it acquired with Avox back in March 2017 with the addition of modular, enhanced data services supporting the entity data requirements of regulatory reporting. The company has released modules for FCA transaction reporting, European Markets Infrastructure Regulation (EMIR), Dodd-Frank, AnaCredit, and...
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.
Welcome to the fifth edition of A-Team Group’s Entity Data Management Handbook, sponsored for the fourth year running by entity data specialist Bureau van Dijk, a Moody’s Analytics Company. The past year has seen a crackdown on corporate responsibility for financial crime – with financial firms facing draconian fines for non-compliance and the very real...