With this partnership, retail and commercial banks, and capital market organizations can access and utilize key CounterpartyLink data rapidly in order to populate, validate or enhance their legal entity reference data. More specifically, this alliance enables users to quickly and easily link this data to the Siperian Hub to ensure compliance with current anti-money laundering (AML), Basel II and Know Your Customer (KYC) regulations as well as impending regulations such as MiFID and UCITS III.

Managing client and counterparty data is essential for Financial Service firms that seek to leverage back-office data in order to mitigate exposure and manage credit and operational risks, ensure regulatory compliance, and automate key business processes. With a solid Counterparty Hub in place, institutions can leverage this valuable data to better manage client profile information, identify holdings, clients, and organizational relationships, optimize credit policies, and improve their analytical and operational processes for more effective cross-sell and up-sell and customer service initiatives.

"Financial Services firms are constantly challenged to arbitrage data assets and create a solid foundation of counterparty reference data, manage risk groupings and legal entity hierarchies, and create a 360-degree view of accounts and activities in order to be more effective," said Ken Hoang, CTO and Founder of Siperian. "With this new partnership, organizations can create a comprehensive, sustainable counterparty hub in order to create a central repository of robust and timely counterparty organizational data, identify exposures across transactions and then leverage these client counterparty views for compliance, customer relationship management, trade execution, and other business process automation improvements."

"We are delighted to have entered in to such an agreement with Siperian and to have the ability to offer our mutual customers an easy way to leverage our countounterparty data in order to create a unified counterparty data hub," said James Redfern, Global Head of Distributor Management at CounterpartyLink. "This partnership will enable us to leverage Siperian's robust client and counterparty master data management expertise and, more importantly, provide our financial service clients with solid entity data which is capable of meeting the variety of existing and forthcoming compliance regulations."