Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
SmartStream and Swift Partner for SaaS Reconciliation Solution
Following the launch of its software as a service (SaaS) offering earlier this year, SmartStream has teamed up with Swift to add its TLM OnDemand to SwiftNet. Financial institutions can now communicate with the SaaS version of SmartStream’s reconciliation service via the Swift network, explains Philippe Chambadal, CEO of the vendor. “The notion behind the…
European Commission Bent on Post-trade Infrastructure Revamp for Derivatives
The European Commission has released its proposals for a revamp of the derivatives market in a bid to reduce counterparty risk and improve the transparency of these traditionally opaque instruments. A central tenet of the recommendations, similar to that of the recently proposed US regulatory framework for derivatives, is the introduction of central clearing counterparties…
CGS and FOW Tradedata Launch Cusip Service for US Equity Options
Two months after the formal announcement of its partnership with UK-based futures and options specialist FOW Tradedata, Standard & Poor’s Cusip Global Services (CGS) business has launched its new Cusip Options Service for US listed equity options. The vendor began this year demonstrating an aggressive stance towards extending its reach into other areas of the…
BNY Mellon Launches New Service to Manage Derivatives Transactions
The Bank of New York Mellon has introduced Derivatives360, an integrated investment servicing lifecycle solution to help clients efficiently execute and manage derivatives transactions. According to the bank, Derivatives360’s flexible modular design allows clients to select some or all of the components offered by the new platform, allowing them to focus resources and management time…
S&P’s CGS to Partner with HedgeFund.net to Develop Entity Identifiers for Hedge Fund Community
Following its recent spate of partnership announcements, Cusip Global Services (CGS), which is managed by Standard & Poor’s on behalf of the American Bankers Association, has added yet another one to the list, this time focused on entity identification for the hedge fund community. CGS has signed up to work in partnership with hedge fund…
Reference Data Review First Words: Who are you?
This month the industry at large is focused on the possible outcome of the ongoing global regulatory overhaul, as governments in the US and Europe prepare to provide more details about their proposals for change. The Obama administration has readied its suggestions for change, which include an overhaul of the way ratings agencies are monitored…
Markit and CTI Seeking to Establish Agreement with IRS for Sharing of US Tax Forms
Markit is coordinating an industry-wide initiative, in partnership with Compliance Technologies International (CTI), to help ease the administrative workload associated with sharing US tax forms. As part of this initiative, Markit and CTI propose to seek a memorandum of understanding with the Internal Revenue Service (IRS) which will enable financial institutions to share US withholding…
Interactive Data’s Marsh Promotes Vendor Contribution to Entity Identification
Swift may be keen for a utility approach towards business entity identification (BEI), but the vendor community is not out of the picture just yet. Reference Data Review speaks to Darren Marsh, business manager of risk management and compliance services for Interactive Data in Europe, about his own firm’s endeavours in this area and the…
Entity Identification Should be Remit of Utility Rather Than Vendors, Says Swift’s Vandenreydt
Despite Swift’s confirmation last year that it would not be extending its remit in the business entity identification (BEI) space beyond the firms (both financial and non-financial) on its network in the short term, the idea is not off the cards completely for the future. Fabian Vandenreydt, head of broker-dealers, buy side and pre-settlement programmes,…
Accuity/CB.Net Working with IPSO for Irish National Sort Codes Database
Following its acquisition of CB.Net earlier this year, payments reference data vendor Accuity has now begun work with the Irish Payment Services Organisation (IPSO) to provide services to manage its National Sort Code (NSC) Directory. The vendor has already implemented the European Payments Council (EPC) Single Euro Payments Area (SEPA) Register of Participants and the…