thomson reuters corp (TRI) Key Developments
Thomson Reuters Launches eLearning Suite to Address Increasing Training Requirements for Financial Professionals
May 20 15
Thomson Reuters announced an expanded suite of eLearning solutions for financial professionals facing increasing financial training requirements. The solutions will be made available exclusively in Asia before expanding more broadly. Thomson Reuters has signed an agreement with Present Value Training to provide in-depth and localized eLearning libraries to financial institutions in Asia, a response to increased training requirements.
Thomson Reuters Launches Russian Sanctions Tracking Service
May 18 15
Thomson Reuters announced the launch of its Russian Sanctions Tracking Service. In July 2014, the European Union (EU) and the Office of Foreign Assets Control (OFAC) issued a number of executive orders and sectoral sanctions against Russia in retaliation for the Russian government's annexation of Crimea and its activities to destabilize Ukraine. The result of these sanctions has imposed an additional burden on investment and trade compliance as financial institutions and infrastructure providers must ensure they do not trade or settle new debt or equity issued by sanctioned entities. Thomson Reuters Russian Sanctions Tracking Service provides financial institutions and their investment and trading intermediaries with the required information on sanctioned entities, their subsidiary relationships, and all instruments that are specifically impacted by the sanctions. The service also includes daily updates to track any corporate actions related to sanctioned entities and new issuance of debt and equity that are restricted as a result of the sanctions. Furthermore, Thomson Reuters Russian Sanctions Tracking Service leverages existing content and legal entity data to track Russian subsidiaries and any new instruments issued by these entities. The service is delivered via Thomson Reuters DataScope Select, the strategic platform for non-streaming content, and benefits from its support infrastructure, regular updates of its entity and instrument sanctions list as well as proactive alerts for any new issues.
Stifel Nicolaus Europe Chooses Thomson Reuters Org ID KYC Managed Service
May 14 15
Thomson Reuters announced that Stifel Nicolaus Europe has chosen Thomson Reuters Org ID KYC Managed Service to streamline Stifel's Know Your Customer (KYC) process. The engagement commences this month. Stifel Nicolaus Europe will be using the Org ID service to onboard their European legal entities. The adoption of the Org ID global standardized KYC solution will help further streamline the due diligence process, which encompasses screening, verifying and unwrapping legal entities structures to facilitate client on-boarding and account opening. The agreement with Stifel Nicolaus Europe is the latest in a series of engagements involving the selection of Org ID by leading investment management firms. It also follows Thomson Reuters Org ID recently becoming the first and only KYC managed services provider to complete successfully an ISAE 3000 Type 1 audit, conducted by PwC, in relation to the design of and adherence to internal processes, controls and compliance policy. It demonstrates trust in Thomson Reuters to develop innovative solutions for the market that reduce the burden of regulatory compliance, while accelerating the ability to conduct global business with confidence.
Thomson Reuters Launches OneSource Global Trade Automation and Management Solution in Latin America
May 7 15
Thomson Reuters will continue this year launches in Latin America of its OneSource global trade automation and management solution as multinationals are obliged to resort to technology to automate key processes in order to keep up with accelerating global trade volumes. The company will launch OneSource in Colombia next month, following the launch in Chile this week and Peru in April. The solution is also available in Brazil, Mexico, Peru and Argentina. Having a localized version of the platform is very important to be able to address the subtleties of each market including trade laws, customs regulations and tariff and tax rates. OneSource essentially ties together key supply chain information to gain visibility of the end-to-end global trade process, enabling companies to comply with regulations, reduce risk and maximize profit. The solution combines workflow tools with real-time information and analysis, facilitates information exchange between different departments and streamlines documentation and licensing through e-invoicing.
BlackRock Selects Thomson Reuters Org ID Managed Service
Apr 30 15
Thomson Reuters announced that BlackRock has selected Thomson Reuters Org ID (Org ID) to complement its existing rigorous counterparty due diligence process. The agreement with BlackRock follows Thomson Reuters Org ID recently becoming the first KYC managed service provider to successfully complete an ISAE 3000 audit, conducted by PwC, in relation to the design of and adherence to internal processes, controls and compliance policy. It demonstrates trust in Thomson Reuters to develop innovative solutions for the market that reduce the burden of regulatory compliance, while accelerating the ability to conduct global business with confidence. The managed service is used for client on-boarding as well as enhancing and refreshing existing portfolios to a global standard. The service facilitates the exchange of identity information through a secure web-based portal and streamlines the distribution of documentation to financial institutions. Thomson Reuters Org ID provides a real-time "passport" which represents a validated and screened entity, thereby simplifying the account opening process needed to conduct business globally.