Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
End of January Deadline for Responses to US Proposals for OFR Reporting of Counterparty IDs
The industry has just under two months to respond to the proposals regarding how firms will report data to the Office of Financial Research, including the standards that must be used for identifying counterparties. The statement of policy was published in the Federal Register at the end of last month for public comment and firms…
Markit Document Exchange’s Davenport Departs for Pastures Unknown
Following three years at the helm of Markit Document Exchange, Penny Davenport has opted to head for pastures new. As managing director and head of Markit’s documentation library since its launch back in 2008, Davenport has helped the document platform to gain critical mass and extend its reach to other areas such as reference data…
CUSIP Global Services Makes its CABRE Business Entity Database Freely Available to CUSIP Customers
CUSIP Global Services (CGS) today announced plans to make its CABRE business entity identifier database freely available to CUSIP customers, effective 1 December. The new standard code, known as a CABRE (CUSIP Avox Business Reference Entity identifier), was created through a strategic partnership between CGS and Avox Limited, a DTCC company. The CABRE database is…
Avox and GoldTier Partner on Enhanced ‘Know Your Customer’ System
Avox, a supplier of legal entity data on financial entities globally, announced today that it has partnered with GoldTier, a compliance software provider, to create an enhanced system to help the financial industry comply with increasingly strict regulatory “Know Your Customer” (KYC) requirements. GoldTier is a leading provider to financial firms of software for onboarding…
ECB’s Trichet on the Importance of Stats: Reading from the Ref Data Utility Hymn Sheet?
Last month, European Central Bank (ECB) president Jean-Claude Trichet delivered the opening address to the central bank’s own conference on statistics and much of his speech was strangely familiar. Referring directly to the need for a “public reference data utility” that could provide “standardised information on instruments and entities that would be operated on the…
BarCap’s Data Quality Head Nagle to Join Deutsche Bank Later This Month
Current global head of data quality at Barclays Capital Llew Nagle is soon to depart for data pastures new, when he joins Deutsche Bank later this month in a similar role. Nagle has been with BarCap since 2001 and earlier this year was promoted to the brand new role of head of data quality. Over…
iPads, Apps and Tweets, Oh My!
One of the most notable things about this year’s Sibos, on both the exhibition floor and in the sessions, was the prevalence of mobile technology. Many of the vendors and banks in attendance were touting their new apps to bring the middle and back office into the 21st century. Whether it was the ability to…
SIX Telekurs and Expersoft Systems Announce Strategic Partnership
SIX Telekurs has signed a strategic partnership with Expersoft Systems, a global vendor of portfolio and wealth management platform solutions. The agreement allows the two companies to combine their cutting edge solutions, thereby offering small and medium sized independent providers of wealth management services for high net worth individuals (HNWI) and institutional clients a unique…
GoldenSource RiskHub to Help Financial Firms Achieve a Holistic View of Market, Credit, Liquidity and Counterparty Risk
GoldenSource, a provider of data management solutions for risk mitigation, today announced RiskHub, a suite of products to help risk professionals implement highly automated, timely and cost effective risk management strategies. With firms pushed to increase transparency of their risk and data governance and meet more stringent regulatory requirements, GoldenSource RiskHub provides a flexible and…
Reference Data Rather Than Alcohol?!
Yesterday’s panel session on a reference data utility was surprisingly well attended, given the fact it was last thing on the first day of the conference and drinks were being served outside on the exhibition floor. Testament to the importance of the subject in an environment where everybody is waiting for the regulator’s hammer to…