BKR Foundation
Reliable customer data in a clean database – always complete and up-to-date
Data quality is the key to success. Do you use incorrect addresses, improper forms of address, or a misspelled name? This leads to a damaged brand reputation, customer churn, and – in the worst case – fines. You can prevent this with a clean database filled with high-quality customer data.DataPlatform validates, standardizes, corrects, and manages your data. No duplicates or failed matches, but simply an improved, complete database. Which leads to improved business processes.
Your business strategy’s effectiveness sinks or swims with your data quality. Low quality leads to false positives or incorrect matches, while high data quality saves you time, money, and a stronger brand image. The software solution DataPlatform can help you achieve this.
DataPlatform makes and keeps your customer data precise, complete, and unique, reducing your incorrect matches by up to 100% and significantly improving your data quality—a solid foundation for your strategic business processes.
How well do you know your customer? Thanks to High Precision Matching (HPM), your customer data no longer holds any secrets. Duplicates are automatically detected fault-tolerantly, new duplicates are prevented upon entry, and data are consolidated. The result? Exceptionally accurate matches, thanks to the unique use of natural language processing and fuzzy logic techniques. Data from customers with multiple addresses, abbreviations, and names quickly and effortlessly merged into one complete profile.
International compliance legislation requires financial institutions to verify whether the individuals and organizations they do business with are on sanctions lists—for example, the UN Sanctions list, the Dutch sanctions list, and OFAC SDN.
The advanced matching engine of DataPlatform is designed for this purpose. Incomplete customer data are corrected, completed, and matched with sanctions lists. This way, you limit your organization’s risks, build customer confidence, and comply with the latest legislation.
Contains unique natural language processing and fuzzy logic techniques.
Contains cleaning techniques that improve your data quality and strategic business processes.
Up to 90% fewer incorrect data matches.
Reliable and efficient analyses, more profit.
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