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Governance & Compliance

India’s Business Information Gets a Boost

The Indian government has announced strict action will be taken against accountants who file incorrect financial records for businesses there. Previously in India, the Ministry of Corporate Affairs let chartered accountants, cost accountants and company secretaries file self-certified businesses accounts, online. The sea-change in filing regulations is, in part, a consequence of the country’s new Companies Act broadly coming into effect ... Read More »

Thomson Reuters Launches a Managed KYC Service

Thomson Reuters launched a new solution to support financial institutions and their clients to increase efficiency and reduce costs in complying with Know Your Customer (KYC) requirements.  Accelus Org ID was developed in partnership with leading financial institutions, corporations, asset managers and hedge funds and following discussions with nine regulators from key financial markets around the world. Providing a complete ... Read More »

Thomson Reuters 2013 Revenues Up 2% – Q4 Up 1%

Thomson Reuters (TSX / NYSE: TRI) reported revenue growth of 2% for the full year and 1% for the fourth quarter, before currency impact.   Including a $260 million charge in the fourth quarter, adjusted EBITDA was down 7% for the full year and down 32% for the fourth quarter Including a $275 million charge in the fourth quarter, underlying operating ... Read More »

Outsell Inc. Publishes “Information Industry Market Size & Share Rankings” Preliminary 2013 Results

  Outsell Inc. published its Market Size & Share Report, “Information Industry Market Size & Share Rankings: Preliminary 2013 Results”. Outsell estimates show that the industry grew in aggregate by 4.4% in 2013 to $753 billion, compared with growth of 3.5% in 2012. Search, Aggregation & Syndication, CRM and Human Capital Management grew at over 10%; Credit Information, Financial Information, ... Read More »

Business Information Firms Close ‘Know Your Customer’ Gap

Business Information Firms Close ‘Know Your Customer’ Gap The ‘Know Your Customer (or Supplier) Gap has spawned a number of information solutions generally categorized as ‘Governance, Risk and Compliance’.   Thomson Reuters, FICO, Dun & Bradstreet, Creditreform and others all have set up capabilities which offer specific solutions to close the ‘Know Your Customer’ (KYC) gap. This week BIIA member Worldbox ... Read More »

Bloomberg Appoints Chief Risk and Compliance Officer

Bloomberg L.P. announced that it has named Paul Wood as its Chief Risk and Compliance Officer.  He will oversee all risk, corporate compliance, client data security, and security globally and report to Daniel L. Doctoroff, Bloomberg L.P.’s Chief Executive Officer and President. This newly created role centralizes existing functions responsible for identifying and managing risk and compliance across all Bloomberg ... Read More »

FCIB European Roundtable on “Know Your Customer”

Zurich Switzerland – February 13, 2014 Does your company have a sound Compliance and Ethics Policy in relation to Credit Risk Management?   Do you “Know your Customer” from a compliance standpoint?  You may already do this from a credit risk perspective, but what about your compliance obligations? Is the company policy sufficient for current regulations within your own country in ... Read More »

Public Sector Information: Why Companies Should Care About XBRL Data

In 2009, the U.S. Securities and Exchange Commission (SEC) mandated that all public companies disclose their financial statements using eXtensible Business Reporting Language (XBRL), a standardized method for reporting financial and business data that allows for easier analysis and improved company comparisons. Beyond the compliance mandate, however, enterprises have been missing a huge opportunity to leveragethis rich data in areas of ... Read More »

D&B Q3 2013 Revenues Flat

D&B reports core and total revenue flat year over year, before the effect of foreign exchange (down 1% after the effect of foreign exchange).  Diluted EPS before non-core gains and charges up 14% year over year; GAAP diluted EPS up 6%.  Operating income before non-core gains and charges was flat year over year; GAAP operating income up 10%.  Free cash ... Read More »

D&B Direct 2.0 Delivers Flexible, Streaming, Enterprise-wide Access to Data and Analytics from D&B and Third-party Providers

D&B (NYSE:DNB) announced the release of D&B DirectTM 2.0, the API solution providing enterprise-wide access to a broad range of business insight.  With a unified web services platform, the addition of risk scores and ratings, fraud and compliance monitoring, digital and social intelligence and more, D&B Direct 2.0 dramatically improves an organization’s ability to embed rich data and analytics in their business ... Read More »

The Digital Shift: 10 Themes Shaping the Legal Agenda

The legal issues around data security, data protection and intellectual property are now top of the legal compliance agenda We are in the middle of the 2nd industrial revolution, comprising the ‘digital shift’ from an analogue to a fully networked society. It is transforming all aspects of economic and well as social activity.  Businesses at the heart of the digital ... Read More »

Dun & Bradstreet Unveils New On-Boarding Compliance Tool

Dun and Bradstreet (D&B), has launched D&B Onboard.  The online tool aims to help companies deliver customer due diligence (CDD) requirements efficiently in one place, making it easier for them to start financial transactions and enable businesses, including banks, to bill customers more quickly while minimising regulatory and reputational risks. Businesses face substantial challenges in verifying the authenticity of potential ... Read More »