Eliminate the need to perform any manual data mapping and ensure for better processing of entity level Corporate Actions with SIX Financial Information’s LEI data service.
Avox helps clients in the global financial services industry manage and maintain true and accurate legal entity data.
Today, all departments need accurate legal entity data to complete their business processes, including risk management, compliance, operations departments as well as client on-boarding and relationship management functions.
Avox, a wholly owned subsidiary of The Depository Trust & Clearing Corporation, DTCC, provides legal entity data services. The company was founded in 2003 in cooperation with several financial institutions that required a more efficient mechanism for delivering better data in a timely manner. Clients of Avox form a community that subscribes to a shared pool of data, processes and resources. This community collectively addresses data quality issues by sending counterparty data to be researched and validated by expert analyst teams at Avox.
The collaborative approach ensures that clients are dealing with the most accurate and timely data available, and facilitates efficient and compliant regulatory, transaction and risk reporting. All clients benefit from the rapid notification of changes made by each other and the quality checks made by the Avox team.