Is your organization in compliance with Basel II, The Patriot Act, and Sarbanes-Oxley? Bookkeeping scandals have led to laws and regulations, making board members accountable for the accuracy of the results. This has made the quality of data a boardroom issue. Both the quality of your data and the adherence to corporate policy surrounding it have to be measurable and auditable.
The HIquality solutions provide the answer; since they can help you create a unique profile of your customer. A large international bank, for example, has embedded the software as a process and found duplicates with different risk profiles. If they had not found these duplicates, they would have lost revenue or opportunities and were therefore not compliant.
Click here to go to the download area where you can find the white paper Compliance and data quality: «The critical success factor for regulatory compliance issues».
Customer Due Diligence
Compliancy regulations force organizations to screen customers at acceptance (and periodically afterwards) using sanction lists published by governing authorities. Organizations not complying with blacklist matching regulations have to deal with fines and penalties more often. Click here for more information on the Human Inference answer to this challenge.
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