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Home | News | Press Releases | Barclaycard clears Datanomic to help meet regulatory deadlines
Barclaycard clears Datanomic to help meet regulatory deadlines
Datanomic, the pioneers of integrated data quality management solutions, has been selected by Barclaycard to supply a software solution for screening clients against commercial Sanctions and PEP watch lists. The Datanomic dn:Match software will be installed at Barclaycard sites in the UK, North America and Africa. The first phase of this contract is operational with remaining phases due for completion before September.
dn:Match is a state-of-the-art data matching engine that will enable Barclaycard to define the most appropriate matching rules for their data when screening customers regularly against Sanctions and PEP lists from third parties such as World-Check, OFAC and the Bank of England to meet the requirements of UK Anti-Money Laundering legislation and guidance.
This new contract from Barclaycard was won largely because of Datanomic’s ability to install and go-live within days compared to other options. In addition, Datanomic has developed a comprehensive and customisable template of matching rules that make it fully compatible and capable of delivering World-Check’s critical intelligence to institutions that need to automate their Know Your Customer (KYC) and PEP screening processes.
About Datanomic
Datanomic specializes in end-to-end data quality management, information integration and data integrity assurance, solving complex data quality and business process problems for our rapidly growing European and North American blue chip client base. Our clients come from a wide spectrum of industries including government, financial services, telecommunications, professional services and engineering. We are proud to count PricewaterhouseCoopers, KPMG, Alliance & Leicester, Deutsche Bank, BellSouth, AMEC Oil & Gas and a number of NHS Trusts among our customers.
About World-Check
World-Check assists institutions in mitigating reputational, financial and compliance risk by monitoring and correlating information on high-risk entities. World-Check provides risk-reduction technology to almost 2,000 institutions in more than 130 countries. World-Check technology allows financial institutions to very efficiently screen their new and existing customers for risk on a routine basis. Recognized as an industry pioneer, World-Check has revolutionized and standardized global Know Your Customer (KYC) and Politically Exposed Person (PEP) screening. Today, 45 of the world’s top 50 banks, and hundreds of regulatory and government agencies use World-Check’s global list of heightened-risk individuals and organizations. For more information, please visit www.world-check.com.
Datanomic press contact:
Sophie Geering
Datanomic Limited
Tel: +44 (0)1223 228412
Email: sophie.geering@datanomic.com
Vanessa Land
Devonshire Marketing
Tel: + 44 (0)870 242 7469
Email: vanessa@devonshiremarketing.com
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