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2015-10-12

Thomson Reuters Corporation : Thomson Reuters Org ID Managed Service Achieves Milestone of 10,000 KYC Records from Financial Institutions, Funds and Corporatio

Latest milestone reflects market confidence in Thomson Reuters Org ID service
and evidences operational credibility accumulated by delivering a material
volume of complete, validated, fully screened KYC profiles on client
entities, supporting customer endeavours to remain globally compliant.

LONDON/SINGAPORE, October 12, 2015 -
Thomson Reuters today announced that its Org ID KYC (Know Your Customer)
managed service solution this month broke the 10,000 record barrier of
complete KYC entity profile reports which have been fully validated and
screened in accordance with a global policy.

Org ID is a global solution developed for banks, investment managers and
corporations to simplify and streamline customer and counterparty due
diligence and the ongoing maintenance of KYC in line with ever-changing
regulatory requirements. From compliance operations centres in the UK, Poland
and Malaysia, Org ID has published KYC profiles on entities incorporated in
over 140 countries with English translation extracts from over 50 languages.
Org ID maintains a standardised policy written to ensure compliance with
local legislation and regulation in major capital markets centres including:
France, Germany, Switzerland, Hong Kong, Singapore, Japan, Australia, South
Africa and Canada in addition to the UK and USA, to accommodate the KYC
requirements of financial institutions globally.

"The industry debate has moved on," said Steve Pulley, global managing
director of KYC and Client On-boarding Solutions at Thomson Reuters. "Clients
have realised that document centralisation and off-the-shelf data solves no
more than 20 percent of the KYC operational burden. While we carry identity
data on over three million corporations and 150,000 funds via our leading
Datascope and Lipper solutions and supply over 15,000 customers worldwide
(including all G20 dealers) with financial crime, risk, compliance and/or
client on-boarding solutions, customers are focused on our proven ability to
deliver and maintain complete, validated, fully screened profiles with a
truly integrated solution so they know their customer at all times, not just
at onboarding and refresh. Our ability to screen and monitor against negative
and adverse media, sanctions and PEPs on an ongoing basis is a Thomson
Reuters core competency."

Robert Goldstein, Chief Operating Officer of BlackRock, a leader in investment
management, risk management and advisory services for institutional and
retail clients worldwide, comments: "We selected Thomson Reuters Org ID
earlier this year to enhance our robust counterparty due diligence process
for our global universe of trading counterparties, leveraging Thomson Reuters
screening and ongoing monitoring capabilities. They delivered the entire
population of records in a high-quality and timely manner and have been
extremely responsive to our needs. We continue to derive real value from our
use of Thomson Reuters Org ID service."

"Our productivity levels have increased exponentially over the past six
months, thanks to investment in the latest technology twinned with an AML/KYC
literate workforce and a policy that has been tailored in each of the major
capital markets centres," said Steve Pulley. "Proof points have emerged
demonstrating we have built an efficient and scalable model. For example, in
a number of cases we have more than half a dozen financial institutions
consuming a single entity profile."

"In Thomson Reuters Org ID, we have found a partner that is delivering on our
shared industry vision of KYC information that is always current and
accurate," said Patrick Kidney, global head of Financial Crime at Man Group,
one of the world's largest alternative investment managers. "Their ability to
onboard and monitor client records for change on an ongoing basis, at scale
and across a diversified array of sources, is an important enabler for us to
continue to deliver on our evolving compliance needs."

Thomson Reuters Org ID overall went live with a further six financial
institutions during the past two quarters comprising Man Group, BlackRock,
Stifel Nicolaus, Tradeweb, BGC Partners and a leading European investment
bank.

Thomson Reuters Org ID also recently announced that it has successfully
completed the second phase of an ISAE 3000 accreditation exercise for the
design and operational effectiveness of its internal control framework. This
ISAE 3000 Type II report was issued by PriceWaterhouseCoopers (PwC). The ISAE
3000 assurance standard, developed by the International Auditing and
Assurance Standards Board, is one of the most widely recognized standards in
the industry. Org ID is the only KYC services provider to receive ISAE 3000
accreditation.

Marc Romain, formerly managing director and head of FICC Operations at
Barclays joined Thomson Reuters as chief operating officer of KYC and Client
On-boarding Solutions earlier this year to oversee the operational evolution
of the business.

"We are delighted to push through the 10,000 barrier including leading
corporations such as Deloitte, Lenovo, Rentokil, IBM and Vodafone and well
over 2,000 financial institutions, validating our strategy to work with key
global liquidity providers and marketplaces," he said. "The recent ISAE 3000
Type II accreditation, following quickly on the heels of our Type I
accreditation earlier this year, is testament to the strong control
environment we have implemented."

Thomson Reuters Org ID is earning increased recognition from the financial
services industry. Peers voting for the 2015FTF News
Technology Innovation Awards selected Org ID to receive two FTF Excellence
Awards -- in the categories of 'Best Operational Risk Management Solution'
and 'Best AML/Anti-Fraud Solution'. Also, at the second annual Data
Management Summit Awards 2014, hosted by A-Team Group, senior managers from
financial institutions and readers ofReference Data Reviewchose Thomson
Reuters Org ID as 'Best KYC and Client On-Boarding Solution'.

For more information about Thomson Reuters Org ID, go to:
https://risk.thomsonreuters.com/products/thomson-reuters-org-id-kyc-mana...

Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and
science and media markets, powered by the world's most trusted news
organization. Thomson Reuters shares are listed on the Toronto and New York
Stock Exchanges. For more information, go tohttp://thomsonreuters.com/

CONTACTS

Mark D. Harrop

PR Manager, Financial&Risk
Office +1 646-223-7803
Mobile +1 347-803-5575
mark.harrop@thomsonreuters.com

Lemuel Brewster

Senior PR Director, Financial&Risk, Americas
Office +1 646-223-5147
Mobile +1 917-805-1089
Lemuel.brewster@thomsonreuters.com

Brian Mairs

Global Head of External Communications, Financial&Risk

Office +44-20-7542-7866
Mobile +44-77-9947-7998
brian.mairs@thomsonreuters.com

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Globenewswire

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