London-based reference data provider Exchange Data International has completed the first phase of integrating the ISO 15022 messaging protocol with its corporate actions data services. The company expects to start offering clients test data by the end of the first quarter, with the first phase covering cash dividends, stock dividends, dividend options and dividend reinvestment plans. Subsequent phases will cover capital changes, including rights issues, stock splits and bonus issues.
A-Team Insight Blogs
Exchange Data Adopts ISO 15022 for Corporate Actions
The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many firms turned to outsourcing and managed services. But there is more to come, as buy-side firms...
Refinitiv Highlights Data Governance, Cloud and Operational Resilience as Key Components of Connected Data and Revenue Generation
Connecting data across a financial services organisation from the back office, through the middle-office and on to the front-office can deliver operational resilience, business agility, and opportunities to generate revenue – it can also be difficult to achieve in a market characterised by fragmented systems, a lack of data consistency, and resistance to change. A...
Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.