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| Home » Solutions » Compliance Adherence |
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| Solutions |
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| Compliance Adherence |
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| The number and scope of government requirements continues to grow, increasing the burden on corporations' administrative, operational and IT resources. |
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| Importantly, there is no indication that this pressure will ease any time soon. |
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For businesses operating in the USA, there are the requirements of Sarbanes-Oxley, Do-Not-Call, the Office of Foreign Assets Control's (OFAC), SDN, and the USA PATRIOT Act to name a few. |
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In the UK, organizations must comply with a catena of regulations like Bank of England Sanctions List, UK Anti-Terrorism Act, Crime and Security Act 2001, Common Foreign and Security Policy (CFSP), besides applicable EU and UN Security Council Resolutions. |
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| Reducing Non compliance - by Ensuring Data Quality |
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| High quality (clean, accurate, standard (across systems) and complete) data is a pre-requisite for meeting the requirements of all these mandates and regulations. Whether you are either matching customer records against Specially Designated Nationals (SDN), or international sanctions, or Do-Not-Call lists; or taking responsibility for the decisions made by your organization; or verifying your organization's liquidity levels, you want to be supported by dependable information. If your reports indicate that you are compliant, but the underlying data is un-reliable, you could be in trouble. |
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| Data Quality - Delivered |
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| Ixsight can deliver the levels of enterprise data quality you need, to ensure your initiatives are well founded. Our customer data quality management solutions have been working for banks for close to a decade. We help you obtain high quality data by: |
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Profiling data within legacy and application systems to identify errors and anomalies that degrade quality and reliability. |
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Seamlessly integrating databases to reduce redundancy and facilitating the sharing of business, analytical and operational data enterprise-wide. |
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Merging, standardizing, cleansing and de-duplicating customer records from across the organization to create consolidated and standardized customer profiles for a single enterprise customer view. |
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Quickly and accurately matching customer records against suspect or sanctions list, industry watch list, internal security list or Do-Not-Call list, and automatically producing tracking reports and audit trails. |
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Establishing procedures and schedules to ensure that data quality is systematically monitored and maintained on an ongoing basis, including the design of data capture forms, screens, et al. |
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| Our solutions are available as traditional licensed software, on a service bureau basis, or as a hosted ASP solution. |
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| With the ever-changing and expanding nature of government regulations, you want to work with Ixsight - a suite of solutions that has the power and flexibility to adapt to changing demands, as your organization grows. |
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