Firms Show Little Interest in Third-Party Data Utilities, Survey Says

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‘Skepticism’ about shared services model seen as reason why only 11% of 133 firms responding to survey are considering third-party shared services.

A distinct minority of firms globally are considering implementing a utility for such challenges as know-your-customer data management. A study released in late October by Accenture and Greenwich Associates, titled “Solving the Reference Data Disconnect,” canvassed 133 firms on the buy- and sell side about their reference data challenges. Just 11% said they were considering going with a third-party…

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