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Man Group Streamlines KYC Process with Thomson Reuters Managed Service
Man Group has selected Thomson Reuters’ KYC Managed Service to replace predominantly manual in-house customer due diligence processes. The managed service is expected to help the alternative investment manager streamline its Know Your Customer (KYC) process and improve the monitoring of client records on an ongoing basis. Man Group searched the market for a global…
New York Data Management Summit: The Challenges and Opportunities of Client Onboarding
The data management challenges of Know Your Customer (KYC) and client onboarding have been discussed for a couple of years, but as hefty fines are imposed for non-compliance and the struggle to reduce operational costs continues, financial institutions are reconsidering their approach and beginning to implement managed and shared service solutions. The challenges and opportunities…
A-Team Webinar Offers Solutions to the Data Management Problems of FATCA
The US Foreign Account Tax Compliance Act (FATCA) raises significant data management challenges, but it is only one of a number of tax avoidance schemes that are emerging, making a strategic rather than tactical approach the best way to achieve compliance. The challenges of FATCA were discussed during a recent A-Team Group webinar entitled ‘How…
A-Team Webinar Discusses the Next Frontier of Customer Due Diligence
Customer onboarding processes are often complex and burdensome, leading to poor customer service despite significant investment and costly penalties resulting from non-compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These problems can damage financial firms’ customer relationships, reputations and ongoing business, but they are not insurmountable if collaborative technology approaches are embraced…
Regulatory DataCorp Builds Up Risk and Compliance Business in Europe
Regulatory DataCorp (RDC), a provider of governance, risk and compliance solutions, has built up its European business to include over 50 global banking institutions, insurance firms, corporates and financial technology providers since it established a London office in May 2014. Set up in 2002 in the US by 20 leading financial institutions, RDC provides industries…
Recorded Webinar: The Next Frontier of Customer Due Diligence for KYC & AML
A-Team Group recently held a webinar on the popular topic of The Next Frontier of Customer Due Diligence for KYC & AML, discussing the current thinking around client due diligence.
Silverfinch Allies with Fundsquare to Promote Adoption of Solvency II Look-Through Solution
Silverfinch, a business within the MoneyMate Group, has tied up with Fundsquare to push its Solvency II look-through data utility further into the European market. Fundsquare, a data utility set up last year by the Luxembourg Stock Exchange to support cross-border distribution of investment funds, has a larger European footprint than Silverfinch and will make…
Markit | Genpact KYC Services Builds Out Offer and Names Ex-Goldman Sachs Exec Jon May as CEO
Markit | Genpact KYC Services has marked six months of operation with the appointment of former Goldman Sachs executive Jon May as CEO, the registration of more than 600 buy-side firms and corporations with its Know Your Customer (KYC) service, and the development of workflows that allow large asset managers operating thousands of funds to…
Data Management Summit Keynote: Enterprise Data Governance
Data governance is less about data and more about trust, trust between people and trusted information that can open up business opportunities for financial services firms and deliver benefits to customers and shareholders. Presenting a keynote at the A-Team Group Data Management Summit in London, Lorraine Waters, deputy group chief data officer at HSBC, outlined…
Data Management Summit: The Challenges and Rewards of KYC Compliance
Financial firms are investing significant sums to meet Know Your Customer (KYC) requirements, but there are rewards beyond regulatory compliance for those that take a centralised approach to collecting and managing client data and documentation. Addressing the data management challenges of KYC and client on-boarding at A-Team Group’s Data Management Summit in London, A-Team chief…