Accuity Launches KYC Identifier File to Improve Due Diligence Processes


Accuity, a leading global provider of financial data for over 175 years, today announced the launch of their new KYC Identifier File. Providing continuously updated identifier intelligence, including matching common identifying information with newly created GIINs and LEIs, the KYC Identifier File enables KYC operational teams to integrate identifier data for financial institutions directly into their in-house systems for a holistic view of their counterparties.

The new solution works in identifying counterparties that have exhibited the intent to become FATCA compliant, helping to reduce reputational risk and guard against potential compliance failures.

Updated weekly, the KYC Identifier File provides wide-ranging, primary source-verified information that eliminates the need for manual data collection. When integrated into an institution’s core reference database, it promotes increased automation throughout the due diligence processes.

The KYC Identifier File provides access to:

  • Head Office Details
  • Branch Details
  • Swift/BICs
  • Alternative Name Details
  • LEIs (Legal Entity Identifiers)
  • GIINs (Global Intermediary Identification Numbers)
  • Internal Accuity Identifiers

“The ability to enrich existing customer data with these new identifiers and support the matching of entities across databases will assist in creating a single view of the customer,” says Kerry Hewson, Executive Vice President, Accuity. “The Identifier File is another step in providing complete tools to ensure seamless access to accurate data, improved processes for clients to rapidly respond to ever-increasing regulatory demand, and further mitigates risk. We will continue to dedicate our efforts in providing solutions that will support institutions in their processes for due diligence.”

 

About Accuity
Owned by one of the world’s leading business-to-business data and content providers, Reed Business Information, and part of Reed Elsevier, Accuity has been providing solutions to banks and businesses worldwide for over 175 years. Our unmatched data and services, powered by Bankers Almanac, deliver optimal payment efficiency, compliant transactions, bank counterparty insight and AML screening success.

About Reed Business Information
At Reed Business Information we provide information and online data services to business professionals worldwide.  Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day.  RBI is part of Reed Elsevier, a leading global provider of data, information and solutions for professional customers.