iMeta Ends 2016 Successfully and With Further Partnership Plans
- Management , Technical
- 01.02.2017 08:45 am
Renowned CLM provider iMeta ended 2016 with further strategic partnerships, new customers and CLM platform product innovation.
iMeta, a leading provider of onboarding and client lifecycle management software to global financial institutions has completed a notable year of success:
Over the course of 2016, iMeta achieved exceptional progress across its operation. iMeta’s success has resulted from a business-wide commitment to providing the next generation CLM solution for global banks and broker/dealers; through its technical capability and exceptional customer care. iMeta is pleased to share some of these achievements in three areas: product innovation; strategic relationships, and business development.
Product Innovation: Throughout its history, iMeta has invested heavily in using best-in-class product development to equip multinational financial organisations with an end to end solution for managing operational client data. 2016 saw some exciting changes, such as the release of iMeta Connectivity; a data integration platform that financial firms can use to connect their in-house systems to data sources for KYC, entity and SSI data. Further enhances to the onboarding and CLM system include the visualisation of data provenance – enabling customers to record the origin of the data as best practice, plus additional options for configuring the workflows - giving more flexibility to the customer.
Strategic Relationships: Over the course of 2016, iMeta announced several partnerships and alliances with leading companies in the client and entity data space. By connecting with Avox, Dun & Bradstreet, Bureau Van Dijk, and Markit Genpact kyc.com (iMeta has fully supported and maintained API’s to these data sources), it leverages its configurable rules and workflow engine to consume data from multiple sources and validate legal entity data and associated documents. This capability empowers firms with accurate and streamlined data and straight through processing to support business and regulatory requirements. A number of strategic collaborations have also been developed further to offer our customers a range of choices, such as fully managed services offerings and regulatory intelligence alliances to enable financial institutions to assess their risks and meet their compliance obligations.
Business Advancement: 2016 also saw a number of new clients on the CLM platform. A major global commodities bank chose iMeta CLM to automate their client onboarding, manage their regulatory requirements and reduce their operational costs. A number of Tier one financial organisations have implemented iMeta Connectivity to achieve automation of data from data vendors, improve their straight through processing and ensure their client data is validated.
“2016 was a great year for iMeta,” said Ben Marsh, iMeta CEO. “We are committed to providing strategic value to our customers by helping them realise improvements in efficiency, productivity and data quality.
By investing in enhancing our platform, strengthening our partnerships and advancing our business, we can help our customers increase their operational performance, and we look forward to continuing to progress our solution further in the years ahead.”