The Clarient Entity Hub provides a utility-based service designed to simplify client data and document management and streamline client onboarding, reducing the costs and risks associated with the exchange of such client data.
It provides a single location for users to identify, collect and validate the content necessary for meeting global KYC requirements, helping them to onboard clients more quickly, and allowing those clients to start trading as soon as possible. It sources and validates both public and private data, including data from DTCC Avox Data Services.
Mesirow Financial will use the hub as its primary KYC onboarding solution in its US branches and locations.
Wendy Brooks, senior managing director at Mesirow Financial, said: "By adopting Clarient Entity Hub, Mesirow will be able to take advantage of an industry standard solution for client onboarding and KYC.”
She added: “Ultimately, the solution will allow us to provide our buy-side clients with a better experience at a reduced cost.”
Matthew Stauffer, CEO of Clarient Global, commented: “Financial institutions globally are increasingly looking to reduce the time required to begin trading, while ensuring all regulatory and compliance requirements are met. Clarient Entity Hub is quickly becoming the industry standard in this space, helping to fill critical gaps in client data and document management operations across segments and markets.”