A group of 12 regional banks has invested in KY3P, a company working with the financial industry to minimise the burden of responding to duplicative due diligence requests from financial institutions. The group adds to existing design partners Barclays, Goldman Sachs, HSBC, Morgan Stanley and UBS. KY3P was initiated by IHS Markit in 2015 and offers a central, cloud-based platform for vendor onboarding, collection and verification of due diligence data and vendor risk monitoring covering a range of third parties, including vendors, affiliates, sub-advisors, distributors, clearinghouses and other service providers in the financial industry.
A-Team Insight Blogs
Don’t miss this opportunity to view the recording of this recently held webinar. Markets in Financial Instruments Directive II (MiFID II) creates new data sources that could be used to identify business opportunities and gain competitive edge. The sources include Approved Publication Arrangements (APA) and ESMA’s Financial Instruments Reference Data System (FIRDS). The regulation also...
Charles River has packaged the compliance module of its Investment Management Solution to offer Compliance-as-a-Service (CaaS) to asset managers seeking economic and efficient start-of-day portfolio compliance. The service is cloud based and integrates software, data and advisory services that include writing and maintaining compliance system rules. It is designed to help small and medium-sized firms...
Now in its 8th year, the Data Management Summit (DMS) in NYC 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.
The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...