Left to right - John Grimshaw, Sales Director, Julia Sutton, HSBC, Catherine Michel, Sales Director, Avox, Tim Fox, Product Manager, Avox and Andrew Delaney, A-Team Group
Avox was presented with the Data Management Review 2015 award for the Best Entity Data Solution during a ceremony held in London on November 18.
The Data Management Review Awards, now in its third year, acknowledges excellence in data management within capital markets and focuses on the community of specialist suppliers within financial data management.
A-Team Group, the publisher of Data Management Review, worked with its industry advisory board on a shortlist of nominees for each category. Voting opened up to Data Management Review readership and more than 500 votes were submitted from industry practitioners at financial institutions.
Commenting on the award, Mark Davies, General Manager, Avox, said, “We are delighted to be recognized as Best Entity Data Solution provider. As more financial institutions look externally to firms like Avox to provide accurate, high-quality Managed Data Services, we continue to help identify and address legal entity data risks to meet our clients’ information needs on an ongoing basis.”
Avox matches, enriches and maintains legal entity reference data for its clients, delivering corporate hierarchies, registered address information, industry sector codes and company identifiers. This approach ensures that clients can rely on the most accurate and timely data available to facilitate decision making and regulatory reporting.
The firm was founded in 2003 in cooperation with several financial institutions that required a more efficient mechanism for improving data quality and timeliness. The Avox operational model is unique in the industry. Its success stems from the continuous sharing of business intelligence with its clients and partners which the firm centralizes, anonymizes, verifies and publishes out to each participant. Financial institutions participating in Avox form a community that collectively addresses client, issuer and counterparty data quality issues.
The community participants, which include some of the largest banks and asset managers in the world, both contribute and subscribe to a shared pool of data, processes and resources. Avox is a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC). To learn more, visit www.avox.info or follow us on Twitter @The_DTCC.