Opus, the leading provider of innovative compliance and risk management solutions, announced today the launch of Resolve, the newest and most efficient way to free your business from inaccurate customer, counterparty or third party data to keep pace with risk and compliance demands.
The Resolve API provides the quickest, easiest and most complete access to all major identifiers and content for an entity. Resolve can search against multiple databases simultaneously, for example searching against a financial institution’s existing Client master list along with the Alacra Authority File. Resolve can easily retrieve entity data from any of the premium providers in Opus’s extensive portfolio of data partners. The new type-ahead function allows easy, rapid access to data: simply start typing the name of the entity or any of its public identifiers, such as LEI or CIK, and Resolve will instantly retrieve the entity along with all the corresponding data attributes.
Kelvin Dickenson, Head of Compliance and Data Solutions at Opus, said: “Compliance is now at the center of global finance and it is clear that specialist applications and fast access to high-quality data are core to a functioning compliance strategy. Our clients will quickly find their KYC and onboarding processes improved, which will benefit both their client relationships and compliance. With multiple risk and regulatory drivers in play, this has never been more critical.”
Resolve makes a single view of entities across the enterprise possible from day one, making fast, integrated data management a reality. Fully identifying legal entities, gathering critical attributes and risk factors, and uncovering ownership details have long been serious challenges for firms, yet solving these is an integral part of complying with regulations, such as KYC, Basel III, MiFID II, Dodd-Frank and FATCA/CRS, to name a few.
Dickenson continued: “Managing entity data quality is also vital for firms outside the financial services sector. Global corporations across verticals know that an accurate, complete view of the third parties they rely on every day is critical to understanding and managing a wide range of risks, such as supply chain interruption, business continuity, FCPA/bribery and corruption and even information security. The Resolve API brings the same benefits to third party diligence as it does to customer due diligence, wherever that occurs in the business process.”
Resolve is the newest and most efficient way to free your business from inaccurate data and stay ahead of risk and compliance demands. See a free demonstration now at the Opus web site.