Clarient Entity Hub Live with Five Large Firms

Barclays, Credit Suisse, Goldman Sachs, JPMorgan Chase and State Street first to tap utility.

Matthew Stauffer, CEO of Clarient, talks about how his firm's goal is to eliminate manual, document-driven processes in the industry.

The five firms, which hold over $8 trillion in assets under management combined, are all part-founders of the company, which is a subsidiary of the Depository Trust & Clearing Corporation (DTCC).

BNY Mellon, also a co-founder, is currently in the onboarding process, along with the DTCC, Matthew Stauffer, CEO of Clarient, tells Buy-Side Technology. Both companies will go live with Clarient in the coming weeks.

Stauffer says there are three things that separate Clarient from other know-your-custom