Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
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…
Citi’s Pandit Planning IT Overhaul Over Next Three Years in Cost Saving Initiative
Vikram Pandit, Citi’s CEO, is championing an overhaul of the firm’s technology infrastructure in order to reduce duplicative systems and achieve significant cost savings. Earlier this year, the bank stated that it was intending to save at least US$1 billion in technology costs in 2009 via the rationalisation of its systems, but recent reports have…
Petra Financial Signs Reseller Agreement with EastNets for Vortex Solution
Petra Financial has signed a partnership agreement with compliance and payments solution provider EastNets, under which the latter will resell Petra’s Vortex solution to the Middle East and North Africa markets. Enrique Clemente, sales manager for the Middle East for Petra Financial, explains that the vendor hopes the backing of EastNets will ease its expansion…