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Blackstone Closes Deal to Take 55% Stake in Thomson Reuters Financial & Risk Business
Nearly nine months after Thomson Reuters signed a definitive agreement with Blackstone that would give the private equity firm a 55% stake and Thomson Reuters a 45% stake in the company’s financial and risk business, the deal is closed and the business rebranded as Refinitiv. With backing from Blackstone, Refinitiv plans to invest in a…
Gibraltar Stock Exchange’s Targ Patience Discusses the Role of Regtech in Fighting Financial Crime
Fighting financial crime is imperative and is best achieved by having impenetrable client onboarding, anti-money laundering (AML) and Know your Customer (KYC) processes in place. At some firms, first generation systems are struggling to cope with the volume of data that needs to be processed quickly and efficiently to ensure accurate entity data and effective…
Get Ready For RegTech
Get ready as the second annual A-Team Group RegTech Summits are fast approaching. Held in both London and
Gearing up for GIPS 20/20
The Chartered Financial Analyst (CFA) Institute released the Global Investment Performance Standards (GIPS) 20/20 Exposure Draft for public comment late last month. The draft outlines significant changes to the current standards that could alter financial firms’ approaches to compliance. Comments on the draft must be made by December 31, 2018, with final adoption of the…
Institutional Crypto Exchange Archax Partners Custom House for KYC, AML Checks
By Uri Inspector, Staff Reporter Archax, an institutional-grade cryptocurrency exchange planning to launch in 2019, has tapped fund administrator Custom House Global Fund Services to conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) checks on all future exchange participants. Custom House will ensure that all firms or professional investors wishing to join the Archax…
Could Privatisation Give Dun & Bradstreet the Push It Needs to Succeed?
The $6.9 billion acquisition of Dun & Bradstreet (D&B) by a consortium of private equity investors led by CC Capital and Cannae Holdings, announced this week, could herald the streamlining and modernisation of the venerable 177-year-old, publicly traded credit data specialist, according to observers. Founded in 1841 as a credit information provider, the company is…
Thomson Reuters Partners CryptoCompare to Add Cryptocurrency Data to Eikon
By Uri Inspector, Staff Reporter Thomson Reuters has made a strategic partnership with global cryptocurrency market data aggregator CryptoCompare to provide crypto data to the Eikon financial analysis desktop platform. The deal takes Thomson Reuters further into the crypto space, with CryptoCompare integrating its real-time order book and trade data for 50 leading crypto coins…
Financial Crime Veterans Join Arachnys Board
Arachnys, a provider of customer risk intelligence in the areas of Know Your Customer (KYC), Anti Money Laundering (AML) and Due Diligence (DD), has selected four new members to join its executive board in a bid to support the company’s growth strategy. The new members are Nigel Broda, previously vice president of sales at NICE…
Digital Asset Names Former Thomson Reuters Exec James Powell to CTO
Digital Asset, a New York-based distributed ledger technology solutions provider, has appointed former Thomson Reuters executive James Powell as its new CIO and CTO of engineering. Powell is charged with guiding development of the company’s distributed ledger platform and smart contract modelling language, DAML. He joins the firm after a stint at Warburg Pincus as…
Thomson Reuters Financial & Risk Business to be Renamed as Refinitiv
Thomson Reuters Financial & Risk business will be renamed as Revinitiv following the closure of the company’s strategic partnership with private equity fund manager Blackstone, which will acquire 55% of the business and leave 45% with Thomson Reuters Financial & Risk in its new guise as Refinitiv. David Craig, president of the Financial & Risk…