CounterpartyLinkâs legal entity data is used globally by buy and sell-side firms to reduce the burden of collecting and maintaining core information, such as client and issuer ownership hierarchies, which is required to support daily account-opening, KYC and counterparty risk processes. The focus of CounterpartyLinkâs offering is to provide highly accurate information that is compatible with clientsâ regulatory obligations. The data is continually maintained and linked to and sourced from company registration documents, regulatory and exchange filings, and any other primary sources of information that evidence the accuracy of CounterpartyLinkâs information.
Smart DataHub is a complete Data Management solution focussed on the finance industry that enables centralised data management, data quality control, auditability, security, real-time data analysis and the management of multi-contributor functionality. The systemâs broad coverage (reference data, market data, operations data) and scalability provide immediate operational gains and easy adaptability to any future requirements, thanks to its innovative technology providing extensive customisation functions: dynamic data modeling, business-logic configuration, design of user interfaces, custom mapping, etc.
Financial institutions need to continually maintain up-to-date issuer, client and counterparty reference data, and link these to other data sets, such as instruments, market announcements, corporate actions and pricing data. Such processes improve competitiveness, efficiency and compliance with regulations, and enable clients to rapidly respond to changes in markets and the entity concerned. The integration of CounterpartyLink content into SmartCoâs technology reduces a dependence on the client in managing the complementary services from these two vendors themselves.
âThe growth of compliant client, counterparty and issuer reference data provided by an external supplier,â says James Redfern, Head of Sales & Marketing at CounterpartyLink, âhas meant that clients are increasingly looking to their existing and future information and application suppliers to do much of the integration work before it reaches them. We are delighted therefore to create a partnership with SmartCo which will aid the mapping and distribution of CounterpartyLinkâs data at our mutual clients.â
âThe speciality of CounterpartyLinkâs data research and maintenance processes, combined with SmartCo DataHubâs powerful and scalable Data Management solution, will enable financial institutions to manage and cross-reference legal entity data with other data sets with complete efficiencyâ said Pascal Mougin, Chairman of SmartCo. âThis partnership will help financial institutions to improve the reliability and efficiency of their information processesâ.