Banks need the ‘eagle vision’ across organizational data, to manage operations and drive enterprise-wide business strategy. Data Management solutions help banks to get the ‘big picture’ across volumes of data and information silos.
DataMatriceTM is a Data Management tool that allows financial institutions to manage data at all levels within the organization, while getting disparate enterprise systems to talk to each other. The solution percolates through every level of the business helping to bridge information silos, providing intelligent information to business-users and managing the end-to-end data transformation needs of enterprises in the Banking and Financial Services industry.
The data management capabilities of DataMatrice are supported by a key element of the tool called DataMatrice Mediator, that serves as a vital component of the bank’s middleware strategy.
DM Mediator even enables the ConnectCore - PaymentGrid to integrate with payment gateways with multiple-protocol handling capability for file inputs. This allows for interface with various channels like Internet, ATM, POS terminals and kiosk.
Additionally, DataMatrice has some add-on modules that help organizations to scale-up operations and get compliant faster. These include:
DataMatrice Anti Money Laundering (AML)
The Anti Money Laundering (AML) module in DataMatrice takes a risk-focused approach to the critical task of monitoring potential fraud. The solution applies advanced analytics and scenarios against customer and transactional data from across the enterprise to automatically identify, classify and detect suspicious behavior. This in turn helps in reducing the bank’s exposure to money laundering.
The Notifications module in DataMatrice enables customer notification through SMS alerts on transactions and business events. Customers are sent notifications in real-time, enabling them to keep a close track of their account transactions.
The DataMatrice advantage
- Integrates multiple points of information across an enterprise
- Increases return on investment (ROI) and the value of existing technology systems
- Helps in extracting the best insights from organizational data
- Interacts with most third-party applications and core banking solutions because of its open and scalable architecture.