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

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: Sanctions – The new pre-trade challenge for the buy-side

Sanctions screening at the security level is a relatively recent requirement for the buy-side. It dives deeper than traditional KYC and AML screening and is immensely challenging as firms must monitor frequently changing sanctions lists, source up-to-date sanctions data and beneficial ownership data, and integrate these to screen growing lists of potentially sanctioned securities. As...

BLOG

The Great and the Good Gather for A-Team’s RegTech Virtual Event This Week

The global RegTech community gathers virtually this week for A-Team’s RegTech Summit Virtual, which kicks off on Wednesday. Over its two-day programme of must-attend sessions, the conference will offer an assessment of the global RegTech landscape, plus discussions ranging from the ongoing regulatory reporting challenge, the emerging conduct compliance requirement, addressing financial crime and other...

EVENT

Data Management Summit London

DMS London brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

Entity Data Management Handbook – Seventh Edition

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...