As we’ve previously reported (Reference Data Review, July 2005), Deutsche Börse has now closed the deal to acquire a 51% stake in Azdex, the business entity data and services supplier run by Ken Price. The deal highlights Deutsche Börse’s growing intention to become a player in the reference data space. Although the purchase price was not disclosed, the companies have stated, “the overall cash investment for Deutsche Börse is in the area of a single digit million figure and includes a contribution to the Azdex share capital”. The London Stock Exchange had previously entertained discussions about a similar deal for Azdex but this fell through some months ago. Azdex clients include Barclays Capital Services, Citigroup, Dresdner Kleinwort Wasserstein and Standard Bank. Price and co-founder Steve French retain the remaining 49%.
A-Team Insight Blogs
Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...
By John O’Neill, senior vice president, Silent Eight. If you work in financial services then you’re already aware that knowing your customer (KYC) is not just an essential process, it is also a legal requirement. It’s part of the essential tasks banks perform to tackle anti-money laundering (AML) and other financial crimes. Back in June...
The RegTech Summit Virtual is a global online event that will be held in May 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.
Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...