By 2010, more than 10 per cent of total spending within the enterprise data management industry will be on legal entity data management, says analyst Aite Group in a new impact report. Regulatory pressure is driving a 200 per cent average annual growth rate in spending in this market, Aite says, encouraging spend on legal entity data services to rise from some $16 million in 2006 to $253 million in 2010. The report profiles four vendors of products to facilitate customer and counterparty data cleansing and management, including Avox, CounterpartyLink, Credit Dimensions and D&B. The vendors were asked 64 questions regarding corporate information, product overviews, data information, origination, distribution, regulatory examination and services. This is the analyst’s second look in 2006 at counterparty data; earlier in the year it predicted 2007 would be the year counterparty data projects climbed up the priority list to be as compelling as instrument data projects (see Reference Data Review, August 2006).
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Spending on Legal Entity Data Management to Top $250m by 2010
Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...
DANIE Consortium Uses Game Changing Privacy Enhancing Technology to Improve Client Reference Data Quality
The DANIE consortium set up to help financial institutions improve the quality of their client reference data by benchmarking data with peers without revealing data sources and with encryption, is calling for banks to confirm places in its 2021 community by 18th December 2020. You can find out more and sign up by contacting firstname.lastname@example.org....
The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.
Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...