CounterpartyLink, a leading provider of global client, counterparty and issuer reference data to the financial services market, is pleased to announce that it has become a member of IAMTN (The International Association of Money Transfer Networks).
CounterpartyLink, which was formed in 2005, enables organisations to reduce the burden required in collecting and maintaining the broad range of company information (legal entity reference data) required not only for key internal business processes, but also to satisfy the increasing burden of external regulatory compliance in the financial services sector. CounterpartyLink's data specifically enables subscribers to collect information required for Know your Customer (KYC) processes for any registered entity in the world, with the knowledge that all information collected has a link back to the source it came from. Sources used are, amongst others, authoritative and regulated venues such as national and regional company registry authorities, regulators and stock exchanges.
"Up to now, CounterpartyLink has been focused on providing services to the participants in the institutional financial services markets across the trading and investment arena, but it is clear that our services are no less relevant to the players in the B2B and B2C money-transfer world, as many of the regulations are equally applicable", say James Redfern, Head of Alliances and Partnerships; "As such we are delighted to be associated with IAMTN, and look forward to attending their forthcoming Global Consumer Money Transfers 2007 (GCMT) conference at the Dorchester Hotel in London on the 29-30th October, and to broadening our horizons beyond our traditional marketplace".
Lady Olga Maitland, CEO of IAMTN, said "IAMTN is delighted to welcome CounterpartyLink as a new member to its organisation. The regulatory and data requirements that CounterpartyLink service in the banking markets are no less relevant across the broader global money transfer markets, and we look forward to increasing the breadth of our membership by association with such specialist companies."