Thomson Reuters acquires Clarient and Avox.
The combined Know Your Customer (KYC) offering will seamlessly embed Clarient and Avox capabilities in the Thomson Reuters Risk Managed Service environment, delivering the industry’s leading KYC solution.
Clarient Entity Hub acts as a central hub for investment managers, hedge funds, and corporates to upload, securely store, maintain and permission use of legal entity level information, documentation and hierarchy information. It integrates technology and operational expertise to provide increased controls, standardization, data quality and transparency during client on-boarding and ongoing client lifecycle activities.
Clarient was established in response to the industry’s call to reduce operational complexity and to address regulatory requirements including Know Your Customer (KYC), Foreign Account Tax Compliance Act (FATCA), European Market Infrastructure Regulation (EMIR), and Dodd-Frank requirements.
For more information, visit www.clarientglobal.com.