DTCC Connection

Nov 11, 2014 • DTCC Connection

Putting the Client at the Center: Changing Dynamics in Client Onboarding and Data Management

Executive Summary

Putting the Client at the Center: Changing Dynamics in Client Onboarding and Data Management, commissioned by DTCC and produced by Aite Group, explores the inefficiencies and challen ges in the management of client or legal entity data , including processes related to onboarding, document management, and settlement processing . This study is based on Aite Group surveys conducted with 23 market participants from the onboarding, data management, and settlement operations functions across 16 financial institutions based in North America and Europe.

Key Highlights

The industry is struggling with increased regulation and record - breaking fines, yet legal entity data management is still immature and fragmented ; 56% of all interviewed firms are looking to establish a single client master file, and 88% are considering a utility model for client data.

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