About Avox
Avox, a wholly-owned subsidiary of DTCC, validates, corrects, enriches and maintains business entity reference data. This includes data such as corporate hierarchies, registered address information, industry sector codes and company identifiers. The company was founded several years ago in cooperation with several financial institutions that required a more efficient mechanism for improving data quality and timeliness. The Avox operational model is unique in the industry. Its success stems from the continuous enhancement and customization programs in place for each client. Financial institutions participating in Avox form a Community that collectively addresses poor client, issuer and counterparty data quality. The Community participants, which include some of the largest banks and asset managers in the world, both contribute and subscribe to a shared pool of data, processes and resources. |
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