KYC in the USA: Not so nebulous
Monday, April 8, 2019 | Mark Quigley, The ID Register
The USA is in some ways a contradiction in terms of Anti-Money Laundering (“AML”) rules. While in many ways the USA has traditionally been the driving force behind international sanctions and countering the financing of terrorism, it has trailed behind other jurisdictions in the imposition of strict rules on non-banking financial institutions to perform the type of Know Your Client (“KYC”) checks on customers that are the accepted practice in Europe. Many European fund managers will no doubt relate to the often fraught experience of introducing an American client to the rigours of EU AML requirements.
Is there really such…
Fintech for Private Funds - Beyond the hype
Tuesday, April 2, 2019 | Tim Andrews, The ID Register
Seventeen years after the launch of Google and eight years on from the first iPhone, the social media software-as-a-service mobile ecosystem that we couldn’t live without in our personal lives, is becoming more visible in the office. KPMG (2018) reported that global fintech investment more than doubled to a new high of $57.9Bn in H1’18, in a seemingly accelerating trend, and a plethora of new payment apps promise to take on the established banks.
Beyond the hype, however, what exactly is Fintech? Why is it booming now and why should Private Equity managers pay attention?
What is it?
Fintech is the application of tech…
The ID Register attends University College of Cork's Finance & Accountancy Job Roadshow
Wednesday, September 26, 2018 | The ID Register
The ID Register was in attendance at University College of Cork's Finance & Accountancy Job Roadshow on Tuesday 25 September. The event was an opportunity for the team to speak with final year students who are interested in graduate jobs within financial services.
David Riordan (right), Chris Kerins (left) & Steven Guerin (center) attended the event which took place in University College Corks Devere Hall. It was attended by final year degree and masters students.
Speaking about the event, Project Manager of The ID Register, David Riordan said, “It was very beneficial. The event was an excellent way for us to m…
Fund Closing Support from The ID Register
Thursday, August 9, 2018 | Kate Parker, Fund Closing Team Lead
Our clients have been busy. So far in 2018, 23 funds have closed on The ID Register ranging in size from 5 to over 200 investors. We are currently supporting 12 active closings with a further 11 in the pipeline.
We support each investor as they complete their profile on The ID Register. Our new Fund Closing Dashboard gives clients and their fund counsel a clear view of progress. Each investor needs to complete their profile only once and can then share it to new funds in which they invest. We are seeing significant crossovers and instances where investors have asked new potential investments to contact us.
Funds can clos…
The ID Register wins silver at Soundbox Sprint Innovation Challenge
Thursday, June 28, 2018 | The ID Register
The ID Register has been recognised with a silver award at the Guernsey Financial Services Commission's (GFSC) "Soundbox Sprint Innovation Challenge" on Friday 22 June 2018.
The one day event challenged participating teams to develop digital solutions for one or more of three pre-set challenges, including how technology could be used to; optimize efficient and effective client due diligence, improve administration and assist the financially excluded.
The ID Register was presented the award in recognition of the solution it offers for continually changing regulatory requirements and the lengthy paper based processes ass…
Data Protection - Lessons From Facebook
Friday, May 25, 2018 | Tim Andrews, The ID Register
Facebook was still three years away from launch when I graduated. The screech of my dial-up modem was followed by some simple websites that functioned just like the posters or billboards that had preceded them. Less than 20 years later, we all witnessed a congressional circus around Mark Zuckerberg where democratic leaders struggled to understand the complex problem of data privacy for which neither government, financial markets nor firms themselves have a ready answer.
The ID Register recently passed the 20,000 investor profile threshold and, while miniscule in comparison with the terabytes of data held by Facebook, it i…