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
Related content
WEBINAR
Upcoming Webinar: How to run effective client onboarding and KYC processes
Date: 22 October 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET 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....
BLOG
COVID 19: Services Directory
As the coronavirus crisis extends into the medium to long-term, technology vendors and solutions providers are stepping up to the plate with a wide variety of services and support for clients to assist them through the data management challenges presented by the new operational and working environment. Below, you can find these collated into an...
EVENT
RegTech Summit Virtual
The RegTech Summit Virtual which took place in June 2020 was a huge success with over 1,100 delegates registered. We are currently working on our plans for 2021 and we hope to be back with an in-person event. Whatever the future holds you can guarantee our 2021 event will be back 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. Can't wait until 2021? make sure you sign up to our RegTech Summit Virtual, November 2020. More info...
GUIDE
Entity Data Management Handbook – Sixth Edition
High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...