W&F Issue 3 2018

www.wealthandfinance-news.com 30 Wealth & Finance International - Issue 3 - 2018 Founded in 1991, Bureau van Dijk works with multiple buy-side firms across the asset, investment and fund management sectors. All staff at the company work with an overall target of making its customers more successful, by providing company information solutions which help improve efficiency; grow revenue; and mitigate risk. In order to achieve this mission, the company works with 160 independent information providers all around the world; and look to add value to the data it sends by vetting it, standardising it and optimising the way it is structured. From then, the team presents it on easy-to-navigate platforms for better interrogation and analysis. Delivering an unrivalled service to clients, the company’s rich, diverse and far-reaching data solutions help clients’ efforts in a variety of areas. The firm works with clients in areas including business development, particularly in identifying potential clients from its vast dataset that are similar to those on firms’ CRMs, or others who own shares above a certain percentage in other companies; as well as areas such as credit risk; corporate finance and M&A; and regulatory compliance operations. Solutions via desktop and Bureau van Dijk’s customised Catalyst platforms, help these companies save time, mitigate risk and drive growth. Placing an emphasis on putting the client first, the team offers 24-hour remote support for its online products. If clients or partners come to the firm with any kind of query, then the team are well trained and subsequently well-equipped to answer any questions. Additionally, Bureau van Dijk’s onboarding is also very consultative, with the company adapting its solutions accordingly, as every client is different. Operating within a competitive analytics industry, Bureau van Dijk helps its clients adapt to the ever evolving regulations which are changing on a daily basis. Responding to these regulations is a challenge that the company has embraced, enabling the company to establish itself as a leader within the industry. Regulatory compliance is a major challenge for users in the sector, with the burden of policing their customers moving away from the authorities and on to companies. This has been affected by the likes of the EU’s fourth anti-money- laundering directive and its focus on the source of international funds, by the UK’s Criminal Financing Bill, but also by an increase in KYC obligations. However, in line with its ethos of putting the client first, the team strives to help its clients in all of these areas, particularly through providing access to the company’s corporate ownership and beneficial ownership information. Staff at Bureau van Dijk are ready for any potential developments, and weighing up business development opportunities against this type of risk will become a regular issue across the market. Moreover, compliance could be viewed as a component of business development, depending on when some of it is performed, as it can then allow users to be eliminate companies or individuals that they shouldn’t work with early on, thus leaving them to focus on those they should work with. In this regard, the team at Bureau van Dijk is fully prepared for any potential challenges, and will continue to explore avenues and adapt to any advances across the analytics sector. The team at Bureau van Dijk is very experienced and holds a skillset which could cause envy in any industry. As such, the future looks bright for the firm and it has the necessary teams in place Bureau van Dijk captures and treats private company information for better decision making and increased efficiency. We profile the forward- thinking company as we look to gain an insight into the firm’s impressive success. Say Hello to the Business of Certainty 1803WF16 Company: Bureau van Dijk Address: Bureau van Dijk, 1 Canada Square, Canary Wharf London E14 5FA Telephone: 020 7549 5000 Website: www.bvdinfo.com to deal with any requirements and developments should it need to. Artificial Intelligence will certainly have a key part to play in the industry’s future regulations. There continues to be increased regulatory focus on the trust and fund market compliance space, which Bureau van Dijk maintains a strong footprint in. The company possesses a Governance, Risk & Compliance Strategy Group focused on aligning solutions and product development to the needs of the market. The future landscape will inevitably be shaped by developments in artificial intelligence and further automation – a question more of when this will become the norm than whether.