The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

FactSet Continues the Hunt for Partner Organisations and Focuses on Promoting IBEI

FactSet Research Systems, a provider of integrated financial information and analytical applications to the global investment community, has indicated that it is on the hunt for other third party vendor partners to extend its content coverage. The vendor is also contemplating joining the Enterprise Data Management (EDM) Council in the near future to help promote the industry-wide adoption of an international business entity identifier (IBEI), says Ken Zolk, FactSet’s director of content development.

FactSet acts as both a third party content aggregator and provides its own proprietary content, thus giving its clients a choice of data sources, says Zolk. “By partnering with other third party vendors we can extend our coverage,” he explains. “The more relationships we have these vendors, the more content is available to our clients.”

The vendor will therefore be focusing on talking to potential strategic partners that have a “complementary fit” with FactSet’s business over the next six to 12 months, he says. As well as looking for possible third party partnerships, FactSet is also keen to promote the adoption of the IBEI by the industry at large.

To this end, Zolk is a firm believer in an entity driven content model: “Over the last few years a new paradigm has emerged – the industry should no longer look to an issue driven content model, an entity driven model is far more practical. For example, parent subtrees at the entity level allow industry participants to see parent and subsidiary relationships, but these cannot be tracked easily in an issue driven model.”

The requirement for an entity driven content model in the market is being driven by regulations such as Basel II and KYC, says Zolk. “I believe that the entity driven content model is a much better long term model than the issue driven model and it fits in with the trend towards EDM in the market. We are contemplating joining the EDM Council in the future to help promote the IBEI,” he says.

Related content

WEBINAR

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...

BLOG

A-Team Extends, Expands and Releases 2021/2022 Edition of Regulatory Data Handbook

Don’t miss the latest edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. The 2021/2022 handbook covers more than 40 regulations, providing you with a detailed description of each regulation including its...

EVENT

Data Management Summit London

Now in its 12th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...