Thomson Reuters, the world’s leading source of intelligentinformation for businesses and professionals, today announced that it has won ‘BestKYC and Client On-Boarding Solution’ at the second annual Data Management Summit Awards 2014, hosted by A-Team Group.
The annual Data Management Summit Awards recognizeoutstanding products and services in data management and are voted on by seniormanagers from financial institutions and readers of Reference Data Review.
Thomson Reuters provides a complete set of solutions, includingWorld-Check data, enabling end-to-end Know-Your-Customer (KYC) and entityon-boarding management; from on-boarding initiation at the front office level,through to back office KYC and Anti-Money Laundering (AML) checks, regulatorycompliance, FATCA tax compliance and account operations.
Earlierthis year, Thomson Reuters launched Accelus Org ID, an end-to-end clientidentity service that collects, verifies, screens and monitors for change forclient on-boarding as well as by conducting remediations and refreshingexisting portfolios to a global standard. The service enables the end-client toprovide client identity information through a secure web-based portal andauthorize the distribution to their financial institutions. Accelus Org IDprovides a real-time "KYC passport" which represents a validated andscreened identity, making it easier to open accounts and conduct businessglobally.
“We are extremely pleased to have won ‘Best KYC and ClientOn-Boarding Solution’ at this year’s Data Management Summit Awards,” says Phil Cotter, managing director,Financial Crime and Reputational Risk at Thomson Reuters. “As KYC becomesincreasingly complex, we continuously strive to develop and deliver newsolutions that help our clients more efficiently meet their regulatory requirements.The fact that this award was voted on by industry professionals further validatesthe position of Accelus as a leading suite of KYC solutions. Thank you toeveryone who voted for us.”
Thomson Reuters suite of Enterprise KYC solutions enables compliance by staying on top of newregulations as they come into effect, incorporating rules and regulationssurrounding AML, FATCA, Dodd-Frank, EMIR and MiFID, in the US, Europe, Asia andthe emerging markets.
For more informationabout Thomson Reuters Accelus, go to http://accelus.thomsonreuters.com/