Foster Moore and Open Ownership partner to spread usage of the Beneficial Ownership Data Standard
September 28, 2022
Auckland, New Zealand [September 27th, 2022 ] Foster Moore – The registry people, and Open Ownership have partnered to spread usage of the Beneficial Ownership Data Standard across the globe.
Foster Moore will collaborate in promoting the use of the Beneficial Ownership Data Standard developed by Open Ownership and leverage their registry development service experience worldwide by sharing tools and technologies.
In exchange, Open Ownership will share technical expertise and best practice on beneficial ownership transparency with a focus on the production of structured and interoperable data which can be combined across jurisdictions.
The non-exclusive partnership was formally unveiled at the Corporate Registers Forum annual conference in the Maldives last week, where registrars and company data experts from across the world met to discuss data interoperability and the future of business registers.
Thom Townsend, Executive Director at Open Ownership, said: “This partnership will help drive the creation of high-quality beneficial ownership data across the world to connect information on who ultimately owns and controls the businesses that shape our lives. We look forward to working closely with Foster Moore.”
“The work of Open Ownership has never been more important than now,” said Justin Hygate, Vice President of Registry Innovation at Foster Moore. “Transparency around corporate ownership is critical to trade and security. The Beneficial Ownership Data Standard enables software vendors such as Foster Moore to provide the tools that give effect to Open Ownership’s vision.”
Pictured are Open Ownership with Foster Moore (left – right): Thom Townsend, Executive Director of Open Ownership, Rosanne Bell, Strategic Advisor to Foster Moore, and Martin Riegel CEO at Foster Moore at the MoU signing.
Open Ownership’s Beneficial Ownership Data Standard is the world’s leading open standard for collecting and publishing high quality beneficial ownership data. Endorsed by the UK Government and already adopted by Latvia, Armenia, and Nigeria, the standard has been developed and shaped by years of research and expert technical guidance.
For more information on Open Ownership and the Beneficial Ownership Data Standard visit www.openownership.org
For further information on Foster Moore and their BODS compliant registry solution Verne ® visit www.fostermoore.com
About Foster Moore
Headquartered in Auckland, New Zealand, Foster Moore – The registry people, is the world’s leading provider of trusted, online registry software. Since developing the worlds’ first fully-electronic online business registry in 1996, Foster Moore has designed and built registry solutions that empower governments in 21 jurisdictions across North America, South East Asia, the Middle East, Africa, the Pacific and New Zealand.
Verne®, Foster Moore’s Registry Aware® solution offers the easiest and fastest way to implement flexible, tailored registry solutions for Business, Company, Beneficial Ownership, Secured Transaction, Trademark, Occupational, Land and Licensing.
Foster Moore is owned by Teranet Inc. Founded in 1991, Teranet Inc., is Canada’s leader in the delivery and transformation of statutory registry services, platform modernization and business intelligence solutions. Teranet Inc., is owned by OMERS Infrastructure, which invests globally on behalf of OMERS, one of Canada’s largest defined benefit pension plans. fostermoore.com