iMeta Technologies Ltd., at the forefront of delivering Entity Data Management technology, has joined forces with Avox Limited, the industry-leader in legal entity data services, to offer a complete, automated solution to address on-boarding and client data management requirements. Specifically, this partnership links Avox web services with iMeta Assassin.
Avox web services provides clients with an enhanced level of flexibility and efficiency, enabling them to access and manage data held on their entities of interest in just a matter of seconds.
Tim Fox, Avox Product Manager, said, “Avox is a tried and trusted provider of legal entity data. A single entity linkage and a modular approach to addressing new regulations provides a framework that can evolve easily without the need for costly investment in infrastructure. Our new web services solution has been identified by iMeta as its preferred choice to complement their existing product offering, and we will work with them to deliver an improved client experience.”
Ben Marsh, CEO of iMeta commented, “iMeta and Avox share a commitment to providing financial institutions with trusted solutions that deliver greater operational efficiencies and real cost savings. The decision to partner with Avox was an obvious one. By integrating our services, we’ll be able to provide our customers with a comprehensive on-boarding solution that provides accurate regulatory data on our automated platform from start-to-finish.”
iMeta’s Assassin is able to assimilate all of the data required for on-boarding; including KYC, credit and legal, product account information and standing settlement instructions (SSIs) required for trading, into one central platform – achieving a single source of clean consolidated data across the whole organisation.
This partnership will enable organisations to automate the population of core data elements required for on-boarding new, and auditing existing clients, so that compliance with ever changing regulations can be met quickly and efficiently through streamlined operational processing. This enhances the customer experience of the organisation, as their details are processed rapidly through Assassin’s central hub.
About iMeta Technologies Ltd.
Founded in 2000 and based in Southampton, UK, iMeta is a leading provider of Entity Data Management software and services, delivering solutions to institutional brokers, dealers and wholesale banks. The proven Assassin platform includes Assassin SSI, Assassin KYC and Assassin Credit & Legal modules – automating regulatory and operational data processes, and offering a complete end to end solution for onboarding and managing all entity data. For more information, visit: www.imeta.com or follow us on Twitter: @iMeta_UK
Avox, a wholly owned subsidiary of The Depository Trust & Clearing Corporation, DTCC, matches, enriches and maintains legal entity reference data for its clients, delivering corporate hierarchies, registered address information, industry sector codes and company identifiers. This approach ensures that clients can rely on the most accurate and timely data available to facilitate decision making and regulatory reporting.
The company was founded in 2003 in cooperation with several financial institutions that required a more efficient mechanism for improving data quality and timeliness. The Avox operational model is unique in the industry. Its success stems from the continuous sharing of business intelligence with its clients and partners which Avox centralises, anonymises, verifies and publishes out to each participant. Financial institutions participating in Avox form a community that collectively addresses client, issuer and counterparty data quality issues. The community participants, which include some of the largest banks and asset managers in the world, both contribute and subscribe to a shared pool of data, processes and resources. For more information, visit: www.avox.info or follow us on Twitter: @AvoxData