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Arachnys and Fenergo Sign Strategic Partnership Agreement

Two solution providers in regulatory compliance join forces to leverage complementary technologies. Arachnys, the market-leading provider of cloud-based investigation management technology, partners with Fenergo, the leading provider of Client Lifecycle Management solutions for investment, corporate and private banks. This partnership will provide seamless inclusion of Arachnys’s due diligence research and management solution within Fenergo’s end-to-end onboarding workflow, to add global ... Read More »

Dun & Bradstreet Announces Leadership Transition

Thomas Manning Appointed Chairman and interim CEO Robert Carrigan Steps Down as Chairman and CEO Board Initiates Search for Permanent CEO Dun & Bradstreet (NYSE:DNB) announced that Thomas Manning, a director of the Company since 2013 and Lead Director since 2016, has been appointed Chairman of the Board and interim Chief Executive Officer, effective immediately.  Mr. Manning’s appointment follows Robert Carrigan’s ... Read More »

GBG Ramps UP APAC Growth with Senior Appointments

GBG, the global specialist in identity data intelligence, has bolstered its APAC (Asia-Pacific) team with three new senior hires to support investment and expansion in the market. GBG is experiencing high growth in APAC, fuelled by the growing demand for identity-related services to support fast customer on-boarding and fraud prevention. The three appointments will support the Group’s plan to expand ... Read More »

Blackstone in Talks with Thomson Reuters to Acquire a 55% Stake in Eikon

Blackstone Group LP is considering its biggest foray yet into the $27 billion-a-year industry for financial information to buy a 55 percent stake in Thomson Reuters Corp.’s largest unit, which supplies data and analytical tools to financial professionals. Thomson Reuters would cede its flagship Eikon terminal business while keeping the news operations, as well as ownership of its legal, tax and accounting arm. The division is ... Read More »

Creditinfo Launches Risk Analytic Product IFRS 9

We are proud to launch Creditinfo’s new IFRS products created by Creditinfo Global Solutions. These products meet the extensive market demand from the Credit Industry, due to the obligation for all to comply with IFRS reporting requirements starting this year. Our offer will enable clients to meet a regulatory requirement in a cost effective way, using Creditinfo Credit Bureau data alongside ... Read More »

Cedar Rose Highlighted as One of Europe’s Best in First Ever ‘Ones to Watch’ list

Cedar Rose has been named as ‘One to Watch’ in Europe in a list of business excellence published by the European Business Awards sponsored by RSM.  Cedar Rose was chosen as it demonstrates exceptional achievement in Digital Technology – and reflects the programme’s core values of innovation, success and ethics. The ‘Ones to Watch’ for all countries across Europe can ... Read More »

Reserve Bank of India (RBI) Grants two more Months to eWallets for Completing KYC

In the second week of October, the RBI introduced stricter norms for PPIs, as per which users of mobile wallets had until the end of this year to convert to the full KYC format. In a new development, the country’s central banking institution is currently “looking into” requests for an extension of the deadline.  In the interim period, the RBI reportedly received ... Read More »

Encompass Announces Integration of 35 Data Sources into One Single Platform

encompass Has Integrated In Excess of 35 Different Data Sources into One Single Platform, Including the World’s Leading Information Providers, Official Business Registries and Stock Exchange and Regulator Listings. “We are constantly enhancing our products, by building on our connections to trusted, industry-leading global data sources covering company information, electronic ID verification, AML screening and property. We are proud to continue ... Read More »

The Impact of the European General Data Protection Regulations (GDPR) on Indian Data Processing Companies

Contributed by Harsh Walia (Associate Partner) and Shobhit Chandra (Senior Associate) Khaitan&Co. While European Parliament’s General Data Protection Regulation (GDPR) is slated to have global and far-reaching ramifications, a degree of uncertainty looms amongst Indian companies, especially those which are engaged in outsourced data processing activities (whether captive or otherwise) and consequently deal with personal data of data subjects in ... Read More »

Thomson Reuters Expands Its Connected Risk Platform with Model Risk Management Solution

Thomson Reuters Expands its Award-Winning Connected Risk Platform with Model Risk Management Solution to Help Firms Increase Transparency and Efficiency.  Model inventory capture and reporting underpinned with advanced governance frameworks Building on its commitment to deliver a suite of next-generation governance, risk and compliance (GRC) solutions to assist the global financial and corporate communities, Thomson Reuters has expanded further its ... Read More »

LexisNexis® Risk Solutions Launches Enhanced Due Diligence Platform (EDD)

LexisNexis® Risk Solutions announced the launch of its enhanced due diligence (EDD) platform, LexisNexis® EDD Insight. The web-based research platform has been designed to help professionals who are responsible for financial crime compliance conduct effective investigations and due diligence, whilst reducing process inefficiencies. The new product was developed after feedback from customers, across a variety of industries, revealed the negative ... Read More »

FactSet Integrates KIDs for PRIIPs Solution with the Avaloq Banking Suite, Helping Clients with Regulatory Compliance

Banking software and service provider Avaloq and FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, have announced that they have formed a strategic alliance to help clients comply with Packaged Retail and Insurance-based Investment Products (PRIIPs) requirements. Through a software integration, Avaloq clients can now use a standard adapter via the Avaloq Banking Suite to ... Read More »

The Hidden World of Beneficial Ownership

One of the most challenging tasks for due diligence teams on the lookout for connections to money laundering, bribery, corruption is to uncover the identities of ultimate beneficial owners of entities, properties, and third-party business partners. The job of understanding who companies, and financial services organisations in particular, are doing business with has been made all the more difficult by ... Read More »

KYC & AML Compliance Gets a Boost by Covering 2 Billion Relationships

Thomson Reuters has launched an industry-first graph of the relationships between people, organisations and metadata that allows financial services clients to understand over 2 billion connections within the financial ecosystem. Using big data management techniques and machine learning, Knowledge Graph can be embedded into information systems to support search and discovery of links between individuals, entities and taxonomies. “The largest ... Read More »

Inefficient KYC Processes and their Negative Consequences

LexisNexis® Risk Solutions Research Shows Over Two-Thirds of Financial Institutions Are Losing Business Due to Inefficient K Y C Processes 54% of professionals in large financial institutions state that there are inefficiencies in their current Know Your Customer (KYC) and Sanctions alert remediation processes Over two-thirds (70%) of those with less efficient processes cited missing out on business due to ... Read More »

Thomson Reuters Q3 2017 Revenues up 2%

Thomson Reuters Q3 2017 Revenues Up 2%, Operating Profits Up 21% Thomson Reuters Q3 2017 revenues were US $ 2,792 million up 2% om constant currency.  Operating income was US$ 467 million up 21%.  Diluted EPS (including discontinuing operations) was $.46 up 28%. “It is gratifying to see that the progress we have made over the last several years is ... Read More »