| Identity Resolution | | Print | |
Resolving ‘Who is Who’ to Better Detect and Prevent Financial Crime
Global financial services organizations face an increasingly hazardous business environment. They are the targets of many sophisticated criminal schemes, including fraud and money laundering.
To address these challenges, financial services organizations need an accurate, up-to-date understanding of the full identity and background of clients, employees, vendors and partners—who they are and what they do.
Getting a better understanding of customer and partner identities is key to recognizing how current activity relates to historical data. By determining who is who and who does what, businesses can more easily recognize the true value of their customers and their relationships while proactively reducing the incidence of fraud, noncompliance, and risk.
Identity Resolution is powered by IBM® InfoSphere™ Entity Analytic Solutions (EAS), an industry-leading, patented technology, to enable enterprise-wide identity insight, full attribution and self-correction in real time. Identity Resolution scales to process hundreds of millions of entities—all while accumulating context about those entities – and features real-time and batch capabilities with a standard format to help make integration easy.
Identity Resolution provides insight into customer identities through a unique disambiguation capability that helps financial services institutions recognize and mitigate potentially fraudulent or criminal activity before it results in losses or compliance violations.
The Norkom Identity Resolution module complements all Norkom solutions and processes including:
Norkom Identity Resolution helps financial services organizations identify and prevent fraud and money laundering threats by resolving identities and providing a unique identifier for each identity. Clients can implement Identity Resolution as part of an overall Norkom financial crime solution and obtain many benefits, including :
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