Posts Tagged ‘Legal entity management’

A significant portion of data in treasury and finance is anchored to individual legal entities. Understanding the intersection of entities and other financial data is crucial because entities own bank accounts, have foreign exchange exposure, initiate and receive payments, and have compliance requirements. Every entity also has required and supported legal documents that go into client onboarding and KYC documentation for banking partners.

Responsibility for data is owned, managed and dispersed across multiple teams and individuals that often need to share the data for different purposes. It can be overwhelming to ensure data is updated across all sources to maintain KYC compliance. Until now.

Responsibility for data is owned, managed and dispersed across multiple teams and individuals that often need to share the data for different purposes. It can be overwhelming to ensure data is updated across all sources to maintain KYC compliance. Until now.