"PIMCO looks forward to working closely with IHS Markit in using Counterparty Manager, Tax Utility, KYC Services and the entire regulatory and compliance ecosystem. The seamless interoperability between these platforms to support client onboarding, master agreement negotiation and tax validation as a unified group of steps is particularly beneficial."
- Tracey Jordal, executive vice president and senior counsel for Trading and Markets, PIMCO
"We actively support the use of KYC utilities and have been investing in the development of KYC Service as a founding design partner since its inception. Now that the service has been developed, we want to encourage market adoption. Deutsche Bank is inviting customers to subscribe to this service and contribute their KYC documentation and data to KYC Services."
- David Deane, managing director of client and data services, Deutsche Bank
"One of the biggest challenges to conducting KYC in Asia is the regional variation for cross border compliance, which adds a layer of complexity to managing our customer relationships. For us it's about establishing best practice and mutualizing efforts to remove some of the regional anomalies. KYC Services supports this and provides a more cost effective way to conduct our business."
- David Fleet, managing director of client onboarding and management, Standard Chartered
"At UBS, we actively encourage the adoption of KYC utilities to drive industry simplification; and improve the delivery of services to our clients. Current practices are complex and time consuming. Gathering client information in a single place benefits both clients and financial institutions."
- Daniel Haid, managing director of client onboarding, UBS