KYC
KYC: Know Your Choices
Know-your-customer (KYC) requirements, hardly a bank’s most value-added function, have become a popular topic among operations, compliance, and reference data professionals, with a growing consensus that KYC checks can be done cheaper and more…
Tradeweb Europe Takes Thomson Reuters' KYC Service
The electronic trading venue's European arm has chosen Thomson Reuters' Accelus Org ID to complement its existing know-your-customer (KYC) due diligence processes.
Are Firms Ready for Fatca 2.0?
Financial institutions who have prepared to comply with the Foreign Account Tax Compliance Act (Fatca) still must ensure they are remaining flexible to deal with the Fatca-inspired automatic exchange of financial information between countries. Joanna…
eClerx Launches KYC Solution
Knowing your customer is a major priority for firms in an age of strict regulation and massive fines, says eClerx principal Alan Paris.
CounterpartyLink Chooses Datactics For Data Matching
The data quality and matching software provider Datactics will supply its FlowDesigner matching and research product to the legal entity data source
UBS Aligns Managed Services For Consistency
UBS’s London operations director Simon Feddo speaks with Michael Shashoua about how the firm has managed and succeeded in making improvements to know-your-customer and onboarding-related data
Sibos 2014: Growing KYC Demands Have Industry Revisiting Models
Know Your Customer (KYC) screening is as far from a differentiating function as possible for banks, but bloating costs and a messy process for clients have caused a new push among the major sell sides and technology providers to build out managed service…
Markit, Genpact Plan Expansion of KYC Service
Architects of Markit I Genpact KYC Services plan to add an automated interface enabling direct consumption of client profiles starting in early 2015, and expansion to serve more markets
BvD Ups Bank Compliance Data
Dutch company information provider Bureau van Dijk will this month begin rolling out enhanced features to Bankscope, its database of banks' financial statements, ratings and intelligence, in response to increased customer demand for quick and user…
Markit, Genpact Unveil KYC Services
The joint services include a standardized approach for client onboarding and KYC data management that are intended to help users reduce complexity and cost
Barclays Joins Swift's KYC Data Utility Project
Barclays and 10 other banks are working with Swift to establish a central source of know-your-customer data
Swift's Neutjens Talks Progress For Utility Platform
Over the past year or more, Swift has made major strides in reference data services with its SwiftRef platform. Patrik Neutjens, the organization's head of reference data, speaks with Michael Shashoua about its accomplishments and the work ahead
For Fatca Compliance, Banks Work to Create Internal Data Hubs
At a conference hosted by Waters' sibling publication OpRisk, panelists discussed the technological pain points that surround compliance with new Fatca guidelines. The key hurdle is clear: integrating disparate systems in order to more efficiently share…
Swift Acquires Sanctions Specialist Omnicision
Messaging provider Swift has announced its acquisition of UK-based Omnicision, further bolstering its recently formed compliance services division.
The Customer is Always Vaguely Identifiable
Further pushes into KYC and the expanding use of social tech lead this week’s coverage.
Thomson Reuters Launches KYC Managed Service
Thomson Reuters has launched a central hub for know-your-client data to make it easier and cheaper for financial firms to manage their regulatory requirements
Thomson Reuters Unveils Managed KYC Service
Thomson Reuters has launched Accelus Org ID, a new platform to support financial institutions and their clients increase the efficiency and reduce the costs associated with complying with Know Your Customer (KYC) requirements.
CounterpartyLink Partners with RDC to Streamline Due Diligence
CounterpartyLink will now screen its clients' counterparties against the sanctions lists and risk intelligence maintained by Regulatory DataCorp to help them simplify due diligence processes
Swift Partners with Major Banks on KYC Utility
Swift plans to launch a central utility for know-your-customer data later this year and is working with six major banks, who are sharing their views on the processes, documentation and data needed
Alacra Adds CounterpartyLink Access to KYC Tool
Users of Alacra's know-your-customer tool can now access CounterpartyLink's legal entity intelligence, including primary-source documents that can be used to verify entities and changes in directors and legal structures
Scotiabank Chooses Fenergo Onboarding System
The client data software provider's onboarding system uses a rules-driven process to classify Scotiabank clients affected by European Market Infrastructure Regulation, the US Dodd-Frank Act and the Foreign Account Tax Compliance Act
Burton-Taylor: Risk, Regulations Drive Data Spend
Annual spend on financial market risk-related data peaked at $2.52 billion in 2013, equating to roughly 10 percent the $25.77 billion spent each year on market data worldwide, and is growing by 5.74 percent year-on-year as a result of increased…
Oddo Chooses CounterpartyLink for KYC Data
The entity data vendor will provide the French asset management firm with data needed for its know-your-customer processes, including references to supporting documentation from primary sources