Exchange Data International (EDI) and CounterpartyLink (CPL) have joined forces to provide an integrated data service providing EDI’s corporate actions and reference data linked to and supplemented by legal entity data from CounterpartyLink. The new service is designed to help financial institutions comply with anti-money laundering (AML) and know your customer (KYC) regulations, and puts the two companies in competition with Crosswalk, a joint service developed by Telekurs, Standard & Poor’s and Dun & Bradstreet, and with Interactive Data Corp. and Avox, which have just announced their joint Business Entity Data Service as a module of FT Interactive Data’s FTS service.
A-Team Insight Blogs
Exchange Data and CounterpartyLink Join Forces with New Service
Recorded Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking
Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer clear of potential connections with sanctioned activity...
DTCC has enhanced its CDS Kinetics data platform to support demand for more transparency into the credit default swaps (CDS) market within the over-the-counter derivatives space. The platform provides position data on CDS sourced from DTCC’s Trade Information Warehouse including notional outstanding, net notional, and trading volume metrics on securities including single-name, index, and index...
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.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...