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What is Entity Quality?
Most organizations are concerned with data quality. What's usually neglected is the Entity Quality. But what exactly is Entity Quality? Entity Quality, or EQ for short, is a way to determine the quality of a resolved entity. Say we get a resolved entity based on matching 3 different records, based on some matching logic.…
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Why are some insurance companies pulling out of high-risk areas like Florida and California?
Insurance companies have seen an increase in costs associated with natural disasters, hurricanes, wildfires and rising litigation costs - all of which make it difficult to operate profitably in California and Florida. Many insurers are now reconsidering their decision to provide new insurance policies in these states due…
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Laundering the proceeds of crime through underground banking schemes & the importance of context
"Reporting entities are to consider the facts, context and money laundering indicators of a transaction. When these elements are viewed together, they create a picture that is essential to differentiate between what may be suspicious and what may be reasonable in a given scenario." (FINTRAC Canada | CANAFE Canada, 2023)…
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Aug 3 Webinar: The Power of “Contextually Connected Entities” for Maximising Decision Intelligence
As defined by Gartner, Decision Intelligence improves decision-making by understanding and engineering how decisions are made, and how outcomes are evaluated, managed, and improved by feedback. Using artificial intelligence, Decision Intelligence unlocks the power of entity resolution and graph analytics to turn data into…
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NextWave and Quantexa - Discuss KYC and why it's so important!
Please take the time to listen to this valuable Partner interview by Outlook Series, Michael Lippis, Tony Clark, NextWave and Alexon Bell, Quantexa on Decision Intelligence and Supply Chain Transformation. Knowing your customer (KYC) has never been more important. To gain an edge, you need improved operational efficiency,…
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ISM Showcase 7 June 2023
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Poor data quality can hurt the insurance industry's ability to detect and prevent fraud
We see that the insurance market consists of many poor and varied qualities of data. This is increasing the ease for fraud to slip through submission, on-boarding, claims and payment processes undetected. It is often hard to solve the route cause, so we have developed smarter techniques of #datafusion using #ai to improve…
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Malaysian Insurance Industry Showcase
At the start of this month we hosted our 3rd Malaysian industry showcase on the impact of insurance fraud in the industry and this was the biggest yet. More speakers, more statistics, more demos and more attendees. We have now had over 250 industry leaders support our showcases! We covered topics such as: Fraud and special…
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Listen to ABN AMRO, BNY and HSBC talk all things KYC and transformation
As the pKYC transformation topic is still top of mind for most FIs, we have asked three banks to talk to us about their journey and how they are approaching the future of due diligence. Listen to the webinar here: How are you approaching the transformation? Do you agree with our panellists?
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Moving to Continuous KYC Monitoring to Reduce Risk & Improve Compliance
These are incredibly interesting – and challenging – times to be working in financial services or risk management/compliance in virtually any industry. A lot of Financial Institutions are feeling the urgent need to make changes in their current KYC and risk management practices. More and more companies are concluding that…