Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Desjardins Cleans Up Entity Data, Deploys SunGard Adaptiv Credit Risk
Desjardins Group has signed a three-year deal with CounterpartyLink for the provision of legal entity data as part of a larger counterparty and issuer risk project that will also see Desjardins – the biggest co-operative financial group in Canada – implement SunGard Adaptiv Credit Risk. CounterpartyLink’s data will first be used by Desjardins to ensure…
Telekurs Fills Long-Vacant UK MD Role as Cole Joins from CounterpartyLink…
Martin Cole has joined Telekurs UK as managing director, taking a position that has been unfilled since early last year. Cole comes from legal entity data specialist CounterpartyLink, where he was head of sales and marketing. He brings 20 plus years of experience in the industry, including a stint as managing director, UK and Ireland,…
A-Team Analysis: Can S&P Solve the Problem of Entity Identification Where the ISO Process Has Failed?
Another month, another twist in the tail of the International Business Entity Identifier (IBEI) story. In fact, there could be two twists this month if the Swift CIVIC initiative does turn out to be on the skids. As reported extensively in Reference Data Review last year (in the October 2007 issue among others), the ISO-led…
Telekurs Financial Claims MiFID Ref Data is Attracting ‘Steady Number’ of New Clients
Telekurs Financial is reporting good take-up of its MiFID-specific reference data. The vendor declines to be specific on client numbers, but says it is “more than happy” with sign-up rates, and says the MiFID reference data has “attracted a steady number of new clients” across Europe and the rest of the world. The data vendor…
S&P Emphasises Co-ordinated Relationship with Asset Control as More of its Feeds are Integrated to AC Plus
Standard & Poor’s is trumpeting the availability of feed handlers to integrate a range of its data services into Asset Control’s AC Plus solution. The integration is, says S&P, a demonstration of its strong and well co-ordinated relationship with the data management systems vendor, which should serve to reassure mutual clients that they will not…
PolarLake, CounterpartyLink Forge Alliance as PolarLake Adds Business Analyst Integration
Provider of reference data distribution products PolarLake and client and legal entity data specialist CounterpartyLink have entered into an alliance with the aim of better meeting the needs of mutual clients and prospects. John Randles, CEO of PolarLake, says while the PolarLake RDD (Reference Data Distribution) product “works with all forms of reference data”, the…
CounterpartyLink Provides Legal Entity Data to Alacra, Joins Money Transfer Networks Association
Alacra, a provider of online business information solutions, has signed an alliance agreement with CounterpartyLink, supplier of global client, counterparty and issuer legal entity reference data. Through this alliance agreement, Alacra’s Concordance and Compliance customers will have access to CounterpartyLink’s full list of maintained reference data. This data is collected from sources, and maintained to…
Avox to Offer Collateral Monitoring Service
From September counterparty data specialist Avox began offering monitoring services for collateral used in open market operations in the Eurosystem. Assets eligible as collateral for Eurosystem monetary policy operations must fulfill certain criteria. A bank must avoid so called “close links”, meaning it must not submit as collateral any asset issued or guaranteed by itself…
Panic Abates as FSA Says Firms Won’t Have to Use Alternative Code
The UK Financial Services Authority has calmed market practitioners’ fears about the new Alternative Instrument Identifier (AII) for use in identifying some derivative instruments in MiFID transaction reports (Reference Data Review, September 2007) by clarifying that individual firms will not have to use the code for the time being. Rather, reporting entities will just have…
Counterparty Data: Finding its Rightful Place in the Sun at Last, As Revenue Generation Gains Hit Home
Progress with industry-level efforts to create a universal standard for entity identification may be going nowhere fast, but this is not preventing financial institutions from undertaking projects to get their counterparty data in order. As a result, counterparty data is fast losing its reputation as the poor relation of the reference data family. As Mike…