Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Avox Replaces Free Wiki-Data Service with AvoxData
Avox, a DTCC subsidiary and provider of reference information on legal entities, is replacing its free wiki-data service with AvoxData, a web service that will continue to provide free wiki-data type content, but also a subscription element for access to more detailed business entity records. AvoxData was developed with an Avox client and went live…
Financial Stability Board Calls for More Expert Input on LEI Infrastructure
The Financial Stability Board (FSB) has returned to the drawing board, inviting financial industry experts to provide further development details for an infrastructure that could underpin legal entity identifiers (LEIs) and support a federated model for the distribution and registration of LEI numbers rather than a central registration authority and depository. The FSB’s request for…
S&P Capital IQ Offers Data Solution for Customer Relationship Management
S&P Capital IQ has pulled together vast amounts of its in-house data to create a data solution for customer relationship management (CRM) systems. The aim of the company’s CRM Data Suite is to help users seed and power proprietary CRM systems that avoid duplication of records and are instead based on master records updated by…
Swift Struggles to Stay in the Game as FSB Favours Federated Approach to LEI
The Financial Stability Board (FSB) has veered away from existing plans for the infrastructure that will support legal entity identifiers (LEIs), proposing a federated model for the distribution and registration of LEI numbers rather than a single and central global registration authority. This could be a significant blow to Swift, which was selected last year…
Opinion: 20 Points on the LEI Initiative
By Allan D. Grody, President, Financial InterGroup Holdings 1. There was a rush to pass legislation in the US after the onset of the financial crisis 2. The legislation was written piecemeal as you would expect since the financial industry itself is “piecemeal”, that translates into silos of business and piecemeal/silos of understanding 3. The…
SwiftRef Utility to Include LEI, Reference Data
Interbank messaging organisation Swift is suggesting that its SwiftRef payments reference data utility, which went live in January, will also host legal entity identifier (LEI) reference data when it becomes available later this year, and perhaps securities reference data as well. SwiftRef was conceived to fill a perceived market gap in accurate and up-to-date payments…
US Data Transparency Coalition Focuses on Federal Data in Capital Markets
The US Data Transparency Coalition (DTC) introduced last week to advocate for the standardisation of federal data published online, warns that without significant changes in electronic data creation and management capital markets remain open to a crisis on the scale of the 2008 collapse of Lehman Brothers. If that is a worst case scenario of…
Efama Launches Complaint About S&P ISIN Pricing in Switzerland
The European Fund and Asset Management Association’s (Efama) complaint against Standard & Poor’s practice of making end users of its International Securities Identification Numbers (ISINs) in Switzerland pay a licence charge and fees for the numbers is in the hands of the Swiss competition authority Wettbewerbskommission (Weko). A small scale dispute, perhaps, but one that…
Stop Press: Markit Buys Data Explorers
Markit has acquired securities lending data specialist Data Explorers, from owners Bowmark Capital, a mid-market private equity firm. Terms weren’t disclosed. By combining Data Explorers’ data set with its own products and services, Markit plans to develop new offerings allowing clients to optimise their use of collateral. Markit will also develop products for equity market…
State Street Offers Entity Exposure Monitoring Across Asset Classes
State Street’s Entity Exposure Monitor Service went live this week, giving asset owners and managers a view of how much financial exposure they have to each legal entity they do business with or have in their portfolios. As well as being available immediately, the service plays into forthcoming US and European regulation on legal entity…