Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Counterparty Risk Should be Monitored Daily, Recommends CRMPG
As part of the industry’s drive to contain systemic risk, financial institutions should receive daily end of day counterparty risk reports, according to the Counterparty Risk Management Policy Group’s (CRMPG) recent report. The group was formed in April this year to examine the steps that must be taken by the private sector to reduce the…
Interactive Data Completes €19 million Purchase of Italian Reference Data Supplier Kler’s
Interactive Data Corp. has completed the acquisition of Italian reference data provider Kler’s Financial Data Service Srl. for €19 million in cash. The move is part of Interactive Data’s plan to boost its presence in the European marketplace. Rome-based Kler’s provides corporate actions and taxation information, coverage of Italian and international securities including equities, listed…
Counterparty Data Has Become a Driver for Growth, Says A-Team Group, GoldenSource and CounterpartyLink
Senior managers have finally got a handle on counterparty data’s importance with regards to risk and entity exposure and they are now attempting to leverage it as an asset to fuel growth, according to recent research carried out by A-Team Group and sponsored by GoldenSource and CounterpartyLink. The research, entitled Counterparty Data Emerges as a…
Know Your Counterparty: The Importance of Centralised, Quality Counterparty Data
By Rick Enfield, product business owner at Asset Control The rise of alternative investment classes and derivative products corresponds with an increase in the number of counterparties financial institutions are dealing with today. While financial institutions have kept a close watch on systemic and operational risk factors, additional levels of investment complexity, coupled with a…
CB.Net Signs Agreement with Swift to Re-distribute BICs
CB.Net has signed an agreement to become a licensed re-distributor of Bank Identifier Codes (BICs) issued by Swift. The agreement will allow CB.Net to integrate BIC data into its flagship product and directory of international payments reference data, the BankSearchPlus database. Ian Dunning, managing director of CB.Net, comments: “It will greatly enhance the ease of…
Swift Confirms Plans for BIC in Business Entity Identifier Space
Following months of industry speculation about whether it had dropped the idea altogether, Swift has finally confirmed its plans for the Bank Identifier Code (BIC) in the area of business entity identification. Swift indicated at the start of the year that it was reviewing the business case for introducing an international business entity identifier (IBEI)…
FactSet Continues the Hunt for Partner Organisations and Focuses on Promoting IBEI
FactSet Research Systems, a provider of integrated financial information and analytical applications to the global investment community, has indicated that it is on the hunt for other third party vendor partners to extend its content coverage. The vendor is also contemplating joining the Enterprise Data Management (EDM) Council in the near future to help promote…
Entity Data Management
Entity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small,…
Avox Signs Partnership with Xinhua Finance to Extend Business into China
Business entity data specialist Avox has signed a partnership agreement with financial information and media service provider Xinhua Finance to extend its reach into the Chinese market. The agreement represents the first level of partnership with Xinhua Finance and involves an arrangement for the Chinese firm to distribute international business entity data to the local…
Markit Offers Free Access to RED for Smaller CDS Firms to Encourage Broader Buy Side Buy In
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has released a new license for its Reference Entity Database (RED) for smaller buy side firms. Under the terms of the new license, asset managers with low credit default swap (CDS) trading volumes that use DTCC Deriv/SERV for trade confirmation will gain free access to…