Improve data quality to maximize business effectiveness and ensure compliance
In financial services, information is the lifeblood of your business: customer, transaction, product and portfolio data. From banking to investments to insurance, organizations need complete and accurate information for informed decision-making, strategic business initiatives, effective marketing programs, and lasting, profitable customer relationships.
But finding and harnessing the data you want can be problematic, especially as you seek to integrate information from different sources that may not have been managed consistently.
Source databases often contain errors, duplicate records, and missing data. What's more, linking core application databases makes matters worse: inconsistencies which aren't a problem within their separate "information silos" now create new errors and duplicates when integrated, which, in turn, are propagated across the enterprise. In the new environment, queries may fail to return complete or accurate results - or no results at all.
The fact is, poor data quality can undermine business productivity and efficiency - and expose you to risk in the face of ever-tougher regulatory requirements, such as Sarbanes-Oxley.
To maximize your business effectiveness and ensure compliance, you need high-quality database records, reliable master data, and the assurance of finding the information you need - when you need it.
Netrics helps you gain an accurate 360-degree view of your business
Netrics can help financial service businesses maximize the quality and integrity of their data resources.
The key is the Netrics Matching Platform, which recognizes subtle similarities in data, much the way human beings do. It can then automate decision processes, based on all of the information available in the data records, to decide if these similarities add up to a "match". The result is that more real matches are found automatically, with fewer false matches.
» Learn more about Netrics Intelligent Record Matching Technologies... We leverage this exclusive technology to offer a full range of services to reconcile duplicates, correct errors, enrich data, and standardize formatting to maximize quality in the foundation databases. Our experienced consultants work closely with your organization and 3rd party providers to ensure rapid implementation.
» Learn more about Netrics Data Quality Solutions...
Once data quality is achieved, we work to achieve successful data integration, supporting the creation of composite master data sets, linking records accurately despite inconsistencies in the way data was originally recorded.. These provide a more complete and accurate view of the information you need, in order to maximize the efficiency and effectiveness of your programs.
» Learn more about Netrics Data Integration Solutions...
With Netrics Data Matching for the Real World, users can find the right information the first time, every time despite having imprecise information. That's because Netrics delivers accurate results even when information is mis-typed, misspelled, truncated, altered, or recorded in variant forms.
» Learn more about Netrics Robust, Intelligent Search Solutions...
By enabling clean databases, accurate linking of records across multiple databases, and improved access, Netrics helps financial services companies: - Improve customer satisfaction and loyalty
- Boost employee productivity and efficiency
- Enhance the effectiveness of marketing programs
- Maximize opportunities for cross-selling products and services
- Gain greater business insight for improved decision-making
- Respond promptly to regulatory audits or legal information requests
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