Financial messaging provider opens up Know Your Customer registry in bid to become standardized central utility.
Clarient CEO Stauffer will not remain with the KYC utility following its sale to Thomson Reuters.
Avox's staff have already transferred from being DTCC employees to being Thomson Reuters employees, according to a source familiar with the situation.
The vendors expect to conclude the deals before the end of the first quarter, officials say.
Regionally-governed utilities could help make up for slower-than-expected takeup of global KYC services.
Infrastructure provider's chief client officer adds managing director responsibilities
A centralized utility for AML/KYC data could help financial institutions and regulators monitor fraudulent activities.
Australian market's new platform sets an example for management of key data for anti-money laundering efforts. Wei-Shen Wong reports.
When it comes to KYC demands, while the sell side still has it the roughest, over the last two years, the buy side has had to take on a greater share of the burden.
IMD/IRD Awards 2016
Broker dealer seeks to improve KYC processes
Asset manager to use hub for KYC data processing in Luxembourg
Adoption 'signals interest in financial services utilities'
Last week Clarient, along with FIA Tech, launched a solution to help with OCR reporting.
Centralized platform aims to simplify reporting process
Swift's standardization efforts for customer data will be in the spotlight at its annual conference
Benefits are emerging from the efforts of four well-known service providers to launch KYC data facilities
DTCC's Clarient Goes Live with Big Banks on Board
Barclays, Credit Suisse, Goldman Sachs, JPMorgan Chase and State Street first to tap utility.