The Buy Side Slowly Moves Toward Utilities, Managed Services
Mifid II, Fatca and new margin requirements are helping institutional players to see the benefits of centralized services.
Today it was announced that Pimco was deploying kyc.com—a joint venture between Markit and Genpact—to bolster its onboarding and due diligence operations. It was an interesting release largely because it was a major buy-side institution making the announcement.
The sell side has been quick to embrace the benefits of centralized services for KYC needs, mainly because of necessity as billions of dollars in fines have been levied against some of the largest banks in the world.
My friend and former
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