Ms. Anna Mazzone reports

TRADEWEB ADOPTS THOMSON REUTERS ACCELUS ORG ID KYC MANAGED SERVICE

Tradeweb Europe, an affiliate of Thomson Reuters Corp. and a leading provider of electronic fixed-income and derivatives marketplaces, has selected Thomson Reuters Accelus Org ID to complement its existing know your customer due diligence.

"We have very strong customer due diligence processes in place and have expanded the resources available to our business by leveraging the service offered by Accelus Org ID," said Simon Maisey, managing director, finance and business management, at Tradeweb. "Accelus Org ID will support this effort by advising on client changes and performing required updates screening on our clients. We view Accelus Org ID as a great enhancement to our ongoing monitoring, and this service will ensure that our know your customer information remains current and accurate."

Earlier this year, Thomson Reuters launched Accelus Org ID, an end-to-end client identity service that collects, verifies, screens, determines ultimate beneficial owners and monitors a legal entity for change. The managed service is used for client on-boarding, conducting remediations and refreshing existing portfolios to a global standard. The service enables the end client to provide identity information through a secure Web-based portal and authorize the distribution to their financial institutions. Accelus Org ID provides a real-time "know your customer passport" which represents a validated and screened identity, thereby simplifying the account opening process needed to conduct business globally.

"We are extremely pleased to be working with Tradeweb to help ease the burden of the increasingly rigorous know your customer demands," says Anna Mazzone, head of know your customer managed services at Thomson Reuters. "Our independent and live solution will make a significant difference in enhancing the know your customer due diligence process. Working with Tradeweb is a true testament to our continued dedication to transform the way the industry approaches know your customer due diligence with an innovative, secure and efficient solution."

Thomson Reuters and Accelus Org ID recently won best know your client and client on-boarding solution at the second annual Data Management Summit Awards 2014, hosted by A-Team Group. The annual Data Management Summit Awards recognizes outstanding products and services in data management, and is voted on by senior managers from financial institutions and readers of Reference Data Review.

Accelus Org ID is secure and easily integrates with financial institutions' existing internal systems. The service is centrally updated as new regulations come into effect, and covers rules and regulations surrounding AML, FATCA, Dodd-Frank, EMIR and MiFID, supporting know your customer compliance in the global capital markets.

For more information about Thomson Reuters Accelus Org ID, go to the company website.