Thomson Reuters is taking on Swift and a host of other start-ups in the race to develop a central utility for Know Your Customer due diligence checking with the launch of Accelus Org ID.
When I wrote my comment to a previous announcement about the KYC registry I did not want to do the bird of ill omen to SWIFT although all planets seem aligning to put the bank cooperative
into a corner.
I will be elaborating this thought in a blog post soon to be published here on Finextra.
This is the link to the blog post that I promised: http://www.finextra.com/blogs/fullblog.aspx?blogid=9131
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