EBS Clients Get STP via TRTN Foreign exchange (FX) trading platform EBS is now part of a post-trade network offering, the Thomson Reuters Trade Notification (TRTN), in an effort to offer EBS clients straight through processing (STP) support, officials say. EBS is joining more than 2,500 other publishers on TRTN, which Thomson Reuters officials say… Read More >>
KYC Demands Cause ‘Immense’ Data Burdens for Firms
Providers are targeting the increasingly important know your customer (KYC) space in an attempt to ease the “immense” data management burden firms are reportedly experiencing in this area of financial services compliance. Solutions designed to support data management in relation to regulatory issues such as KYC anti-money laundering controls continue to attract users looking for… Read More >>
SWIFT’s Innotribe Crowns Hyperledger
At the Sibos conference in Singapore, SWIFT’s fintech innovation division Innotribe has named newcomer Hyperledger as the winner of the 2015 Innotribe Startup Challenge, giving the vendor exposure and a $50,000 cash prize. On its website, Hyperledger says it “uses revolutionary shared, replicated ledgers technology to provide a trustful, universal record of truth not controlled… Read More >>
BTG Pactual Joins SWIFT’s KYC Registry
SWIFT reports that BTG Pactual, a Latin American financial services firm, has joined the know-your-customer (KYC) registry of the financial messaging cooperative. SWIFT, which provides the communications platform, products and services to connect more than 10,800 banking organizations, securities institutions and corporate customers, calls the KYC registry a “centralized repository that maintains a standardized set… Read More >>
SWIFT’s KYC Registry Supports Fund Distributors, Custodians
Financial messaging and services cooperative SWIFT has expanded its Know Your Customer (KYC) Registry to support funds distribution and custody services, officials say. Formerly focused exclusively on correspondent banking, the KYC Registry will now offer “fund distributors and custodians a unique approach to KYC compliance by providing access to a standardized set of qualified data… Read More >>
Stifel Nicolaus Europe Picks Thomson Reuters KYC Service
Thomson Reuters, an information company, reports that the venerable Stifel Nicolaus Europe investment management firm has picked the Org ID KYC managed service to streamline Stifel’s know-your-customer (KYC) process. Specifically, Stifel Nicolaus Europe will be using the Thomson Reuters Org ID service to “onboard their European legal entities. The adoption of the Org ID global… Read More >>
KYC Joint Venture Hires from Goldman Sachs
Markit | Genpact KYC Services, the joint venture from Markit Ltd., a provider of financial information services, and Genpact Ltd, a specialist in designing and running business operations, has reported the appointment of former Goldman Sachs executive, Jon May, as CEO. May, who will join Markit | Genpact KYC Services in January 2015 and be… Read More >>
SWIFT’S KYC Registry Free for Participants
Financial messaging and services cooperative SWIFT will offer free access to its KYC (know your customer) Registry throughout 2015 for those banks that contribute their own institutional KYC data. SWIFT made the announcement at its SIBOS exhibition and conference, being held at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. The… Read More >>
Getting Ready for SIBOS Fall 2014
The annual SIBOS conference of the SWIFT financial messaging and services cooperative, at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2, will feature debates, keynote addresses, panel discussions and special interest sessions targeting many issues of concern to financial services firms engaged in post-trade securities operations. There will be chances to… Read More >>
Six More Banks Join SWIFT KYC Registry
Six more banks have signed on with financial messaging and services cooperative SWIFT to help develop the Know Your Customer (KYC) Registry, a centralized repository that maintains a standardized set of information about banks required for regulatory due diligence processes, according to a company statement. Barclays, Deutsche Bank, Erste Group Bank AG, HSBC, ING and… Read More >>
