24 November 2008

Trillium Software, a Harte-Hanks business, has delivered its Data Intelligence and Governance (DIG) solution specifically for the financial services, insurance and compliance markets.

In light of recent problems in the financial services industry, it is critical for lending and investment institutions to better understand how information and data quality impacts their businesses

Philip Howard, Bloor Research DIG is a combination of data analysis, data quality and reporting software technology based on the Trillium Software System, with targeted, packaged financial and governance consulting services provided by Trillium Software. It includes built-in intelligence for and about the financial services industry to improve data validation, rules compliance, and business processes germane to the financial and insurance industries. It creates a collaborative technology framework with tools such as electronic scorecards, reports, and graphs for enabling data transparency and provably correct processes for critical data management and governance goals - mitigating credit or business risks and improving data reporting.

“In light of recent problems in the financial services industry, it is critical for lending and investment institutions to better understand how information and data quality impacts their businesses, especially since they may be required to provide increasing levels of visibility and clarity about their data management and business processes,” said Philip Howard, research director at Bloor Research. “These organisations will continue to strive to deliver trusted data to their constituencies, and should consider turning to organisations such as Trillium Software for expertise and knowledge of how data quality can improve their business processes around credit risk assessment and governance.”

“Banks and lending institutions face the challenge of regaining stability and proving that the data supporting their risk positions is correct and accurate, thereby reducing uncertainty in their lending risk assessments and processes,” said John Nicoli, managing director at Trillium Software. “By using our DIG solution with its built-in data intelligence, these organisations can achieve transparent, provably correct validation methods in order to promote compliance with government and legislation requirements and re-establish trust in the data that these organisations rely on for their business goals.”

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