Bank consortium seeks to cure post-trade data ills

Project led by Societe Generale uses privacy-enhancing technologies to tackle data management problems

Reference data held by banks to perform functions such as know-your-customer checks provides no competitive advantage and is stored at considerable cost. But as this information overlaps with that of their peers, ideally banks should be able to cross-check the data with each other – does company X have a politically exposed person on its board, for instance? Or does the legal entity identifier