Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Quantexa Innovates AML Monitoring with Contextual Decision Intelligence
Quantexa, a London-based data and analytics company, is innovating Anti-Money Laundering (AML) monitoring and investigation with the use of contextual decision intelligence (CDI), a means of enriching internal data with external data and building networks of relationships to create a contextual view of a customer. The company says complex financial crime in capital markets, including…
Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant
When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response…
UK Sanctions Regime Increases Complexity and Cost of Compliance
The post-Brexit UK sanctions regime has added complexity to compliance, changes in financial institutions’ appetite for risk, and increased costs for multinational firms that must comply with both EU and UK sanctions regulation. These issues and more will be addressed at next week’s A-Team Group webinar on The post-Brexit UK sanctions regime – how to…
Kingland Plans Geographic, Product and Team Growth Following Private Equity Investment
Kingland Systems is planning to extend its geographic reach, expand use cases of its cloud-based data management, automation and discovery platform, and grow its team following a minority investment in the company by private equity investment firm Abry Partners. While maintaining its focus on capital markets, Kingland also plans to move into additional market sectors….
How to Manage Dual Sanctions Compliance Post Brexit Addition of UK Regime to EU Regulation
Brexit created a number of regulatory compliance challenges for financial institutions in the UK, not least a change to sanctions regulation that is set out in the Sanctions and Anti-Money Laundering Act 2018, and is fundamentally different to EU sanctions regulation. If your organisation falls within scope of the new UK sanctions regime or both…
Moody’s Acquisition of Cortera will Expand Orbis Database
Moody’s has made a definitive agreement to acquire Cortera, a provider of North American credit data and workflow solutions. Cortera maintains a comprehensive database of credit information, featuring data and analytics on over 36 million companies. The company gathers data from thousands of sources, enhances the data using AI, and provides analytics, reports and monitoring…
GLEIF Details Technologies Underlying Digital Version of LEI, the Verifiable LEI
The Global Legal Entity Identifier Foundation (GLEIF) has published issuance and technical infrastructure models for the verifiable LEI (vLEI) system it introduced back in December 2020. The vLEI is a secure digital attestation of a conventional LEI and is designed to extend the use of the identifier and, ultimately, enable instant and automated identity verification…
Moody’s DataHub Opens Door for Data Scientists to Explore Billions of Data Points
Moody’s integration of data from across the company into DataHub, a cloud-based data exploration and analytical platform, provides data scientists and analysts across financial services firms with a single location to access, analyse, model and consume billions of data assets. Twelve Moody’s datasets, including entity data from Bureau van Dijk’s Orbis database and ESG data from…
GLEIF CEO Stephan Wolf Outlines LEI Strategy Based on Hindsight and Innovation
The Global LEI Foundation (GLEIF) has set strategy that will make the Legal Entity Identifier not only essential to smooth running of capital markets, but also the wider digital economy. Achieving these goals is a matter of hindsight and innovation based on the GLEIF’s decision to drive extended use of the LEI in the private…
Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,…