Banking Performance Insights – Sept. 15, 2015
Solving Data Challenges in EFT Transactions
The widespread use of wire transfers and automated clearinghouse transactions can present significant data challenges for Bank Secrecy Act and anti-money laundering compliance. An electronic funds transfer (EFT) entity resolution program can help resolve data formatting and nonstandardized data problems, enabling more accurate alerts, more efficient investigations, and improved regulatory compliance.
How Effective Is Your Approach to Advanced Analytics?
Advanced analytics have the potential for game-changing impact for midsize banks and other financial institutions. For advanced analytics projects to succeed, banks must build a solid foundation across business lines for:
- Data governance and security
- Aligned priorities and objectives
- Benchmarking and peer analysis
Winning analytics projects don’t have to be a burden on your budget. By identifying and prioritizing strategies, your bank can improve your analytics processes and create significant change that can lead to desirable business outcomes.
Take our six-question analytics quiz to learn how your bank is progressing in these areas.