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Inside the LEI – Issue IX

In this edition of Inside the LEI we assess the penetration of the LEI among important financial market participants, such as regulated entities and subsidiaries of the largest banks. We also look at the continued growth and  distribution of LEI issuance globally, and the latest statistics on lapse rates.

In the last quarter, the LOUs issued a little over […]

Alacra Talks Optimizing KYC at DMS in London

Alan Samuels, Alacra VP of Reference Data Solutions tells A-Team the next wave of best practice will optimize KYC and onboarding across organisations. Read More…

Optimizing KYC at DMSThe data management challenges presented by KYC and onboarding, as well as the opportunities of optimal performance, […]

Inside the LEI – Issue VIII

As we enter 2016, almost 100,000 of the LEI registrations have not been renewed— meaning that close to 24% of the total LEI universe have lapsed…As issuance of LEIs to entities that are active in the financial markets grows (as evidenced by them being rated, regulated and/or listed) we expect the LEI lapse rate to […]

Why is it so hard to know who you’re doing business with?

Every bank wants to achieve a single view of a customer, but no-one has found an easy, cost-effective, scalable way to do it. The simple fact is that there is too much customer information, entering the bank from too many places, to align and maintain into a single view. An effective solution would reduce costs, […]

What do banks need to know about their customers, but don’t?

Banks know many things about their customers.

They know these things for three reasons. The first is that they have to, writes Steve Goldstein. There are many regulations that require a bank to know its customers, primarily to prevent money-laundering and combat the financing of terrorism.

The second reason is to assess risk. Banks need to know […]

Top 4 Reasons to Have a Consistent Client Onboarding Process

The push to achieve a single customer view (SCV) has challenged onboarding teams to capture more KYC/AML data, and routinely review larger troves of existing data, to meet ever-evolving regulatory requirements. In this quest, four reasons for having a consistent client onboarding process stand out as promoting operational success.

1. Regulators Like Consistency

When the need arises […]

LEI Update from Alacra – lapse rate starting to decrease

FOR IMMEDIATE RELEASE

12 October 2015, New York & London: Alacra Inc., an Opus Global company, and the leading provider of compliance and reference data solutions for financial institutions, corporations and professional service firms, has issued Inside the LEI, issue VII, its regular update on Legal Entity Identifiers (LEIs).

Inside the LEI is a […]

Hiperos Posts Record Third-Quarter Results, Signs Record Deal

Third-Party Management Leader’s Strong Performance Highlights Market Momentum as Companies Seek Better Protection Against Revenue Loss, Reputational Damage and Regulatory Risk

BRANCHBURG, N.J., October 8, 2015 – Hiperos, an Opus Global company, and the leading provider of third-party management software, today announced record results for the third quarter of 2015, with 64 percent year-on-year growth in […]

By |October 8th, 2015|Compliance, Hiperos, Information Industry, News, Opus Global, Posts|

Fast, simple, free look-up for all legal entity identifiers launched by Alacra

FOR IMMEDIATE RELEASE

24th August 2015, New York & London: Alacra Inc., the leading provider of business information solutions for financial institutions, corporations and professional service firms, announced today the launch of Alacra Resolve. Alacra Resolve is a completely new and unique approach to accessing and researching all the publicly available entity identifiers: LEI, GIIN, […]

Alacra Reference Data Alert – Inside the LEI – Issue VI

Currently, more than 360,000 entities have been assigned an LEI. Over 25,000 of those have been newly assigned since our last review in March 2015. Alacra’s current analysis indicates that, while the number of registered entities has increased, quality and utility issues within the database have increased as well. At this point, over 70,000 of […]