Data Management Insight Entity data & KYC The latest content from across the platform

Accuity Adds AI to Financial Crime Compliance Screening

Accuity has introduced an AI-driven account screening capability, Firco Automated Alert Reduction, aimed to increase accuracy in detecting and evaluating screening matches during Know Your Customer (KYC) processes. The solution results from Accuity’s acquisition of Safe Banking Systems in July 2018 and has been optimised through integration with WorldCompliance data. Rather than leaning on manual…

Release of ISIN-to-LEI Relationship Files on GLEIF Website Meets Mixed Response

The release of mapping between International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs) by the Association of National Numbering Agencies’ (ANNA) and the Global LEI Foundation (GLEIF) has received a positive industry response, but also raised questions about why a significant number of National Numbering Agencies within ANNA have not yet opted into…

Fenergo Research Suggests Digitalisation of Customer Lifecycle Management Remains Elusive

Digitalisation of customer lifecycle management (CLM) is hampered by lack of departmental collaboration and difficulty in getting senior management buy-in. These barriers to digitalisation result in less than 40% of financial institutions canvassed in a recent Fenergo survey saying they are advanced in their digital transformation strategy. Headline statistics from the Fenergo CLM Report, the…

A-Team Group Data Management Summit Takes Industry by Storm

This year’s London Data Management Summit was a resounding success, answering the questions of hundreds of market participants working to transform, digitalise and innovate their approach to data management and drive value out of data. It touched on technologies from knowledge graphs to data standards that can help users achieve these goals, and provided actionable…

Datactics Extends Cloud-Based Data Matching Capability with Sanctions Match Engine

Datactics has extended its cloud-based data matching capabilities with a Sanctions Match Engine designed to support sanctions screening for Anti-Money Laundering compliance. The first release of the engine is free to use to a limited extent and includes the US Treasury Office of Foreign Assets Control (OFAC) and UK and EU sanctions lists. The sanctions…

IHS Markit Partners Encompass to Speed Up KYC Process

IHS Markit has integrated an automated solution from London-based encompass into its KYC services in a bid to reduce manual processes and drive efficiency. Encompass automates the collection of KYC data from the public domain, including global corporate registries, regulatory listings and exchanges, and is expected to reduce time for data gathering by 30%. Other…

Fenergo Integrates Innovative Graph Technology in Rewrite of Hierarchy Manager

Fenergo has innovated its Hierarchy Manager solution to deliver an ultimate beneficial ownership and counterparty hierarchy modelling and visualisation tool designed to make it easier to manage and visualise complex entity data hierarchies and associated entity structures. Rather than updating its existing solution, Fenergo has rewritten the hierarchy manager to include Force-directed graph technology that…

RapidLEI Adds API to LEI Registration Service that Issues Identifiers in 99 Seconds

Ubisecure, a Helsinki based issuer of Legal Entity Identifiers (LEIs) accredited by the Global LEI Foundation (GLEIF) and provider of the automated RapidLEI registration service that is capable of issuing an LEI in 99 seconds, is extending its capability with the addition of an application programming interface (API). Banks using LEIs in applications and business…

Broadridge Report Reveals Damage of Poor Personalised Communications

Broadridge Financial Solutions has released a rather telling report for those at financial institutions responsible for customer onboarding and client lifecycle management. The report shows that personalisation in communications can make a significant impact on customer loyalty. Some 35% of 3,004 consumers surveyed in the US and Canada said companies they use need to improve…

Datactics Matches 2019 Product Plans with Geographical Expansion and New Chairman

Datactics is on a roll, with strong business growth expected through 2019 leading to the opening of additional offices in New York City and Milan, and the appointment of a new chairman, Edinburgh-based Graham Paterson, a non-executive director at Bailie Gifford US Growth Trust. The business expansion is matched by Datactics’ 2019 product plans, which…