Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Recorded Webinar: Client onboarding and KYC: the data management challenges
Client onboarding and Know Your Customer (KYC) processes are imperative to regulatory compliance and building competitive advantage, but how much progress is the industry making in transitioning onboarding from a disjointed process run across many functions to an holistic operation spanning the enterprise? New approaches and technologies are available, so how best can you implement…
OFR Runs Challenge Series to Solve Problem of Matching Entity Identifiers
The Office of Financial Research (OFR) is running a series of challenges designed to develop automated technologies that could solve the problem of matching entity identifiers from different sources and, in particular, make it easier to link entity identifiers from diverse sources to the Legal Entity Identifier (LEI). Results of the first challenge will be…
Bloomberg Introduces Entity Exchange for KYC and Client Onboarding
Bloomberg has released Entity Exchange, a web-based platform designed to speed up onboarding on the buy side and help banks and brokers on the sell side meet Know Your Customer (KYC) requirements. The platform enables hedge funds to provide entity data and documentation to their trading counterparties. It is supported by Bloomberg’s data intelligence team…
Schroders Selects Clarient Entity Hub to Support Know Your Customer Processes
Schroders Investment Management (Luxembourg) has selected Clarient Entity Hub to support Know Your Customer (KYC) processing for intermediary and institutional investors at its Luxembourg funds hub, and to help counterparties complete their KYC processing on Schroders’ Luxembourg funds. Before joining the Clarient Entity Hub, which offers a utility based service designed to simplify client data…
Bloomberg Applies to Become a Local Operating Unit in the Global LEI System
Bloomberg has applied to the Global Legal Entity Identifier Foundation (GLEIF) to become a Local Operating Unit (LOU) within the Global LEI System (GLEIS). The company expects to complete the application process in September and plans to promote use of the LEI on a global basis. The Global LEI System was introduced in 2012 and…
Developing Best Practice for Optimal KYC and Client Onboarding Performance
Know Your Customer (KYC) and client onboarding programmes are well established in the banking sector, driven by regulatory requirements and beginning to deliver tangible benefits – but there is still much to be done to achieve best practice for optimal performance. The data management challenges presented by KYC and onboarding, as well as the opportunities…
Bloomberg PolarLake Adds Corporate Actions and Index Data to Data Management Utility
Bloomberg PolarLake has added corporate actions and index data services to its data management utility, which already manages reference, ratings, pricing, position, trade and legal entity data on behalf of both buy-side and sell-side customers. The corporate actions data service is based on data feeds from the company’s data vendor partners, data sourced from custodians…
Alacra Eases Access to Companies House Client Due Diligence Documents
Alacra has improved access to due diligence documents for UK domiciled firms by integrating the beta version of Companies House application programming interface (API) with the Alacra Compliance Enterprise (ACE) platform that provides Know Your Customer and client onboarding services. The company, recently acquired by compliance platform provider Opus, is also working with Companies House…
Entity Data Management Handbook – Second Edition
Entity data management is this year’s hot topic as financial firms focus on entity data to gain a better understanding of customers, improve risk management and meet regulatory compliance requirements. Data management programmes that enrich the Legal Entity Identifier with hierarchy data and links to other datasets can also add real value, including new business…
Fidelity ActionsXchange Rebrands to Reflect Range of Corporate Actions Solutions
Fidelity ActionsXchange has rebranded to Fidelity Corporate Actions Solutions with a view to emphasising its provision of not only corporate actions data, but also analyst services and workflow solutions that ensure data accuracy and automate the lifecycle of corporate actions. The update comes as financial institutions extend their use of corporate actions data beyond back-office…