Thomson Reuters Launches KYC Managed Service
Data provider Thomson Reuters has launched a new managed service intended to help financial firms handle changing know-your-customer (KYC) requirements by creating a central hub of client information.
If a financial institution wants to onboard a new client, Thomson Reuters' operations teams will now contact the client, collect the necessary data and upload it to the new Accelus Org ID hub. From there, the data can then be made available to other authorized financial firms.
"The primary means of
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