Data powers your business. Love your data.

Data is often generated and entered in multiple locations throughout an organisation and held in discrete, incompatible systems. This disjointed data structure can prevent organisations from being able to gain valuable insight into their operation, including:

• understanding the true value of each customer and the cross-selling sales opportunities that exist
• calculating financial risk exposure across all product and service lines
• fully assessing the inclusive cost of product manufacturing and supply
• identifying fraud within customer/citizen claimants
• compiling accurate maintenance plans for all assets
• analysing total cost of ownership of plant and machinery
• producing consolidated patient care records for effective care management

Datanomic’s dn:Director is an easy-to-use data enhancement tool which allows line-of-business managers (the actual owners of the data) to themselves combine and merge data resources, automatically resolving inconsistencies of format or taxonomy, highlighting gaps or errors in the data, and ultimately enabling them to generate a reliable ‘Single View of the Truth’ against which accurate analysis can be performed.

In the wake of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation, it is now every financial or legal services organisation’s responsibility (and the individual Money Laundering Reporting Officers within them) to frequently and closely screen its customer list for individuals identified on national and international Sanctions lists, to enure that they are not unknowingly assisting the financing of terrorist activities.

Failure to comply with such Know Your Customer (KYC) legislation carries severe financial penalties (frequently over $100m) and unquantifiable damage to reputation and brand equity.

The dn:Director for Sanctions & PEP Screening solution offers exceptional accuracy for proactive risk protection, whilst minimising ‘false positives’ (potential matches requiring additional manual assessment) which can often be a burdensome bi-product of other automated screening solutions. It also provides an electronic ‘results book’ providing a full audit trail of Sanctions & PEP screening activity for compliance reporting.

Incomplete, inaccurate or inconsistent information can dramatically affect compliance efforts, and so resolving such data issues is of fundamental importance for all those involved in Compliance, regardless of industry.

For Financial Services customers, legislation such as Sarbanes-Oxley, Basel II, MiFID and the forthcoming Solvency II for the Insurance industry are intended to prevent inadequacies in risk protection and due diligence processes. A likely outcome from the global recession will be increased scrutiny and enforcement from regulators, requiring much deeper and granular compliance reporting.

Datanomic’s dn:Director for Compliance helps organisations to ensure that their compliance reporting data is fit-for-purpose; that it is accurate, complete and consistent. By identifying problems within the data and applying configurable rules to allow automatic issue resolution, dn:Director significantly increases the accuracy, and reduces the burden, of compliance reporting.