Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform

Digging Deeper: FactSet KYC

Earlier this month, financial and software data specialist FactSet expanded its compliance capabilities with FactSet KYC, a cloud-based application aiming to assist clients to streamline their KYC and AML due diligence responsibilities. Combining robotic process automation with deep-dive data analytics, the launch marks a bid by the firm to break into a new customer segment…

Entity Data Management Handbook – Fifth Edition

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…

Acuris Partners with SILO Compliance for AML Data Drive

Acuris Risk Intelligence, a provider of data intelligence around anti-money laundering, anti-corruption and cyber security, has joined forces with due diligence management specialist SILIO Compliance System to enhance data capabilities. The partnership will give SILO Compliance users access to the Acuris Risk Intelligence dataset KYC6, including fraud and cybersecurity content, through an online portal that…

Refinitiv Integrates UBO and Vessel Data onto Risk Intelligence Platform

Refinitiv has integrated ultimate beneficial ownership data (UBO) from Dun & Bradstreet and vessel data from IHS Markit Maritime and Trade onto World-Check One, its flagship risk intelligence solution. The move demonstrates the firm’s ongoing investment into KYC solutions following the recent shake-up of its KYC strategy, which saw Refinitiv withdraw its KYC-as-a-Service offering in…

Refinitiv Partners Appway to Provide Digital Onboarding for Wealth Management and Broker-dealer Clients

Refinitiv has reached a strategic partnership with Appway to integrate the latter’s client onboarding solutions on the Refinitiv BETA Platform, a suite of brokerage capabilities used by many US wealth management and brokerage firms. The integration reflects a growing desire among wealth managers and brokers to automate their services, and will enable financial intermediaries and…

SIX FinTech Ventures Takes Stake in PXL Vision

SIX FinTech Ventures has acquired a stake in PXL Vision, a Zurich-based start-up offering solutions for online user verification. The company’s Daego solution supports the automatic creation and administration of secure digital identities. It is designed to help companies avoid physical verification processes when onboarding customers, reduce costs and provide a positive experience. The company…

SimCorp Partners SIX on Sanctions Service

SimCorp and SIX have partnered to add the latter’s Sanctioned Securities Monitoring Service to the former’s Compliance Manager module of SimCorp Dimension. The aim is to give SimCorp users access to global sanctions data directly from SIX, allowing them to detect breaches against supported sanction regimes. The Sanctioned Securities Monitoring Service from SIX provides a…

Refinitiv Details Ongoing Commitment to KYC and Fighting Financial Crime

Refinitiv is back on track following its decision to withdraw its KYC as a Service offering with plans to focus on its World Check, Media Check, Extended Due Diligence and recent partnership with Trulioo on digital entity solutions to meet customer needs for Know your Customer (KYC), due diligence and third-party risk management. The company…

Fenergo Enters Taiwanese Market in Tie Up with TUNG-I

Fenergo has entered the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I), a provider of solutions powered by artificial intelligence (AI) in finance, information security, private cloud implementation and smart retail. As an exclusive client lifecycle management partner (CLM), Fenergo will provide TUNG-I’s current and prospective Taiwanese clients access to Know Your Customer…

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…