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

A-Team Insight Blogs

IBEI Suppliers Tout Their Wares At London Gathering

Share article

A number of suppliers of business entity identifiers got together to tout their wares to a small assembled crowd of practitioner firms in London earlier this month under the ISITC banner. Although there is an ISO process underway for a naming convention related to International Business Entity Identifiers (IBEI), this is a slow process and it may at least a year or two before any fruits of this labour are seen. Institutions still need a solution to the ever-growing problem of entity identifiers for regulatory purposes (KYC and AML for example), and no one believes the market will support just a single supplier. Instead, the aim is to encourage vendors to talk to each other and hope for agreement on contentious issues. As such presentations were given by firms including Accenture, Asset Control, Azimuth’s Azdex (reportedly teaming up with Deutsche Borse), Cicada’s Counterparty Link, Coexis, Dun & Bradstreet, Oracle, Standard & Poor’s, and others. Some firms declined to present their offerings with other competitors in the room, or were not ready in time. Companies including Adsatis’ CreditDimensions, IBM, London Stock Exchange and SunGard did not present. According to several attendees, however, it is not clear what direction ISITC intends to take to follow up on this meeting.

Related content

WEBINAR

Recorded Webinar: The Benefits of Advancing Client Data Management Capabilities

Managing client information is not a new challenge for financial institutions, and it is a challenge that continues to evolve. Bringing together different silos of client information into a single, holistic and hierarchical view to understand client risk and meet KYC and AML obligations is a common issue for financial institutions. Traditionally, client information is stored...

BLOG

AxiomSL Could Be Up For Sale – But Who’s Buying?

There are rumours that risk data management and regulatory reporting specialist AxiomSL could be up for sale, with interest from several private equity firms. If true, it would only be the second round of institutional funding for the firm since it was founded in 1991, following the strategic stake taken back in 2017 by current owner,...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...