Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Opinion: Uniting Entity Data – the Missed Opportunity
By Neill Vanlint, Managing Director, EMEA & Asia, Goldensource The industry’s drive to understand and reduce systemic risk has created fresh challenges around instrument and entity data that put technology under a whole new light. However, in a post-2008 crisis landscape dominated by regulatory reform, compliance is only part of the issue. If firms can…
Have you figured out a single view of customer data yet?
Are you feeling the pressure from regulators to sort out your entity data but are frustrated knowing that the promised LEI solution is far from ready? What can you do in the meantime? Some financial institutions are meeting the regulatory requirements by establishing a single client view by cross-referencing data sources to help them achieve their entity data management…
Data Management Summit: Managing Entity Data with the Global LEI
The global Legal Entity Identifier (LEI) system is growing in terms of the number of operational pre-Local Operating Units (LOUs) within the system and the number of LEIs they have issued, but it remains incomplete and continues to pose data management problems without a Central Operating Unit (COU). The status of the global LEI system…
A-Team Group Webinar Offers Insight into the Data Management Challenges of FATCA
The Foreign Account Tax Compliance Act (FATCA) comes into effect on 1 July 2014 and presents, perhaps, the most challenging data management issues that financial institutions will face this year. The volume of data is one problem, the complexity of requirements is another, and the whole is not helped by recent changes to FATCA rules…
LuxCSD Becomes a pre-Local Operating Unit in the Global LEI System
LuxCSD, a central securities depository jointly owned by the Central Bank of Luxembourg and Clearstream International, has become Luxembourg’s pre-Local Operating Unit (LOU) which, with the help of DTCC, will issue Legal Entity Identifiers (LEIs) within the Global LEI System. LuxCSD is sponsored as a pre-LOU by the Central Bank of Luxembourg and has been…
Swift Adds Compliance Analytics Tool for Network Traffic Data
Swift has extended its Compliance Services portfolio with the addition of Compliance Analytics, a business intelligence tool that aggregates Swift network data to help banks visualise their global transaction flows and identify any unexpected activities. Swift touched on the analytics tool back in January when it discussed its intention to build a portfolio of compliance…
Talking Reference Data with Andrew Delaney: On the Enduring Appeal of the LEI
It’s a sad day indeed when dinner party conversation turns to a 20-digit number. And yet, if asked what is the most compelling topic of coverage in our sphere of influence, I feel compelled to include within the top three at least: the LEI. Of course, explaining what the LEI is all about – and…
Opinion: Move over EDM – It’s Time for Collaborative Data Management
By Nigel Pickering, Founder, 1View Solutions Designing a data warehouse or consolidated database is next to impossible in a big company, or at the very least prohibitively expensive. The first step on the journey is defining the database that the user community wants or needs. While that sounds simple, for a large organisation it is…
Talking Reference Data with Andrew Delaney: If Only…
I frequently find myself in meetings, on calls, at conferences, listening to people talk about the data and data management impact of regulation. I’ve heard it said many times, by suppliers mostly, that regulation is our friend. And it’s probably fair to say that without regulation, our industry would not be moving at quite the…
LEI Adoption Will Raise Standards, Governance & Transparency, says Webinar Panel – Even if It Isn’t Obvious Yet
The turmoil and confusion caused by the adoption of Legal Entity Identifiers (LEI’s) for EMIR reporting last month will be worth it in the end, was the overriding conclusion of our expert webinar panel last week, who expect to eventually see meaningful improvements to industry standards, governance and transparency as a result. The panel comprising…