DataSeers’ Customers Can Now Onboard, Monitor Transactions, Create Cases, and File SARs within a Single Application
ATLANTA, 11.09.2020 – An Atlanta-based FinTechFintech is a term used to describe financial technology. This often refers to the innovative use of technology to provide consumers and businesses with financial services. This can include banking, payments, investments as well as insurance services. Modern Fintech companies use digital platforms, data analytics and automation to offer an efficient and user-friendly solution to their clients. More company DataSeers is now offering ID Verification services to its clients and partners. The DataSeers application, FinanSeer®, which has already proven to be a comprehensive complianceCompliance is used to refer to the adherence to laws, regulations and industry standards within a specific business or financial context. Compliance can involve implementing policies and procedures to ensure that an organisation and individuals within an organisation operate within legal as well as ethical boundaries. More platform, is proud to announce the addition of IDV to its offering.
This is possible thanks to an expanded relationship with LexisNexis® Risk Solutions. Flavio Villanustre, VP, Technology and CISO at LexisNexis Risk Solutions comments on this valued partnership, “DataSeers is a valued partner and member of the HPCC Systems® community. They are continually driving innovation through the HPCC Systems platform that benefits both their customers and the HPCC Systems open source community.”
“Our clients can now onboard, monitor transactions, create cases, and file SARs with FINCEN all within the single application. This is a huge step forward for us since we can now positively influence on the onboardingOnboarding is the process of integrating a new employee, customer, or user into an organisation or system. It includes orientation, training, and familiarisation to ensure a smooth transition and effective integration. More decisions of our clients,” says Adwait Joshi, Founder and ChiefSeer of DataSeers. Joshi actively participates in creating and further development of new product features.
OnboardingOnboarding is the process of integrating a new employee, customer, or user into an organisation or system. It includes orientation, training, and familiarisation to ensure a smooth transition and effective integration. More decisions have become even more critical with the tremendous increase in COVID-19-related digital offerings. For instance, fraudsters have been able to acquire digital card products through stolen identity data. According to KrebsOnSecurity, a well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraudFraud is defined as a deliberate and deceptive act carried out with the intent to gain an unfair or unlawful advantage. Fraud is mostly associated with deceit, misrepresentation or concealment of information in order to gain a financial advantage and personal gain. The term fraud encompasses a wide range of dishonest activities, including but not limited to creating false statements,... More against multiple state unemployment insurance programs, with potential losses in the hundreds of millions of dollars.
“OnboardingOnboarding is the process of integrating a new employee, customer, or user into an organisation or system. It includes orientation, training, and familiarisation to ensure a smooth transition and effective integration. More is not straight forward. The prepaid industry struggles with onboardingOnboarding is the process of integrating a new employee, customer, or user into an organisation or system. It includes orientation, training, and familiarisation to ensure a smooth transition and effective integration. More since most card acquisition is digital. During this process, companies often do minimal checks on the data before giving applicants accounts. DataSeers is improving the process by bringing information from multiple data sources together so an informed decision can be made quickly. Our scorecard is able to match data patterns, something that other providers can’t provide,” explained Joshi.
DataSeers has built its technology platform using HPCC Systems as their big data engine. HPCC Systems unique feature set allows DataSeers to ingest billions of transactions and act on them very quickly. HPCC Systems is an open source, big data engine that provides end-to-end data lake management, from ingestion of structured and unstructured data to delivery of meaningful insights and also provides tools for machine learningIs a particular sector within Artificial Intelligence that programs a machine to comb through vast swathes of data and make decisions and insights based on that with very little human intervention. More at unprecedented speeds. It has been one of the biggest differentiators by bringing speed and accuracy to DataSeers’ business.
About DataSeers
Atlanta-based DataSeers has engineered a unique solution for effectively harnessing complex data. Its FinanSeer software is AI-powered and specifically designed to help banks and payments companies greatly improve their reconciliation, complianceCompliance is used to refer to the adherence to laws, regulations and industry standards within a specific business or financial context. Compliance can involve implementing policies and procedures to ensure that an organisation and individuals within an organisation operate within legal as well as ethical boundaries. More, fraudFraud is defined as a deliberate and deceptive act carried out with the intent to gain an unfair or unlawful advantage. Fraud is mostly associated with deceit, misrepresentation or concealment of information in order to gain a financial advantage and personal gain. The term fraud encompasses a wide range of dishonest activities, including but not limited to creating false statements,... More detection and analytics. DataSeers has been recognized by the Technology Association of Georgia as one of its “Top 40 Technology Companies” for the past two consecutive years. The company is the recipient of the LexisNexis® Risk Solutions HPCC Systems Community Recognition Award for creating a “Truly Unique Solution” leveraging the HPCC Systems open source, data lake platform. DataSeers was among Atlanta Inno’s 2019 “50 on Fire” companies in Georgia. The company was also a winner in the New to Export category at the 2019 GLOBE Awards presented by the Georgia Department of Economic Development.
For more information, visit www.dataseers.ai or follow it on LinkedIn, Twitter, Facebook and Instagram.
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