Compliance is key when it comes to both your customers and liability. It is essential for building trust and the company’s reputation and it is also an important driver for innovation. How is your business mitigating risk and ensuring that your response to the consumer is compliant and professional?
A single customer view is an excellent base on which to build an entirely automatic approval process. It is also an excellent base for inserting manual intervention to answer SARs in a timely and comprehensive fashion and to report on that activity to interested parties. It is also particularly helpful when you need to check new and existing clients against sanction lists. Human Inference solutions are based on a high-precision matching engine that recognizes patterns and matches items just like the human brain would; giving you the most accurate results possible. It also reduces the number of false positives by as much as 90%, minimizing manual review and increasing onboarding speed for a better customer experience.
Are you struggling to manage the vast amount of data your business collects? With stricter regulations, managing your information effectively is more critical than ever. Luckily, a software solution can help: Master Data Management (MDM).
Don't hesitate to contact us to schedule a brief introductory meeting on how MDM can help your business succeed. Without any other commitments, but with helpful guidance.