About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SmartCo Partners with CounterpartyLink and Delivers New Entity Data Connector

Subscribe to our newsletter

SmartCo, a data management software company which specialises in the financial sector, and CounterpartyLink, a specialist information provider in the research, maintenance and distribution of global issuer, client and counterparty data for compliance and risk management purposes, have announced the integration of CounterpartyLink data into SmartCo DataHub.

CounterpartyLink’s legal entity data is used globally by buy and sell side firms to reduce the burden of collecting and maintaining core information, such as client and issuer ownership hierarchies, which is required to support daily account opening, KYC and counterparty risk processes. The focus of CounterpartyLink’s offering is to provide highly accurate information that is compatible with clients’ regulatory obligations. The data is continually maintained and linked to and sourced from company registration documents, regulatory and exchange filings, and any other primary sources of information that evidence the accuracy of CounterpartyLink’s information.

Smart DataHub is a complete data management solution focussed on the finance industry that enables centralised data management, data quality control, auditability, security, real-time data analysis and the management of multi-contributor functionality. The system’s broad coverage (reference data, market data, operations data) and scalability provide immediate operational gains and easy adaptability to any future requirements, thanks to its innovative technology providing extensive customisation functions: dynamic data modelling, business logic configuration, design of user interfaces and custom mapping.

Financial institutions need to continually maintain up to date issuer, client and counterparty reference data, and link these to other data sets, such as instruments, market announcements, corporate actions and pricing data. Such processes improve competitiveness, efficiency and compliance with regulations, and enable clients to rapidly respond to changes in markets and the entity concerned. The integration of CounterpartyLink content into SmartCo’s technology reduces a dependence on the client in managing the complementary services from these two vendors themselves.

“The growth of compliant client, counterparty and issuer reference data provided by an external supplier,” says James Redfern, head of sales and marketing at CounterpartyLink, “has meant that clients are increasingly looking to their existing and future information and application suppliers to do much of the integration work before it reaches them. We are delighted therefore to create a partnership with SmartCo which will aid the mapping and distribution of CounterpartyLink’s data at our mutual clients.”

“The speciality of CounterpartyLink’s data research and maintenance processes, combined with SmartCo DataHub’s powerful and scalable data management solution, will enable financial institutions to manage and cross reference legal entity data with other data sets with complete efficiency,” said Pascal Mougin, chairman of SmartCo. “This partnership will help financial institutions to improve the reliability and efficiency of their information processes.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Reframing Corporate KYC: Encompass Targets Back-Book Exposure with Scalable EC Review

For many SME focussed banks, KYC investments have streamlined the onboarding journey but legacy KYC records – the back-book – often remain dormant until a regulatory inspection, or an enforcement case at a peer institution, forces a wholesale review. The challenge that follows is how to remediate at scale, with urgency, and without the need...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...