OFAC and KYC Loom Large for Financial Institutions

 In the alphabet soup of government agencies, OFAC looms large for financial institutions. Sometimes considered one of “the most powerful yet unknown" government agencies, the Office of Foreign Assets Control—a part of the Treasury Department—enforces economic and trade sanctions in support of U.S. national security and foreign policy. Simply put, many bad actors attempt to realize their plans via financial…

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The Generation of the mobile phone

Mobile phones sales have been increasing year in year out and the number of mobile users is expected to surpass five billion by 2019. It was estimated that approximately 63% of the world population owned a mobile phone in 2016 and this number is due to increase to 67% in 2019. This growth in mobile phone ownership demonstrates the need…

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Data Quality & Its Impact on Marketing Campaigns

Data is undoubtedly the backbone of any organization’s strategies and marketing campaigns. Simply put, if the right data is not available, or the quality of data is not up to the mark, analysts will end up making wrong decisions, which would have a trickledown effect from the higher echelons of the management teams, right till the lower levels within an…

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Melissa Sponsors PASS Summit Session on Optimizing Your Data Quality Business

Free Lunch and Learn Session Guides Data Quality Pros in Applying Tools, Accelerating Analytics, and Monetizing Data Cleansing Rancho Santa Margarita, CALIF – October 23, 2018 – Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its PASS Summit session, “Data Quality: What’s in it For Me?” This free lunch and learn session is geared…

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Melissa Brings Affordable KYC to Banking with Electronic ID Verification Platform

Flexible Identity Resolution and Anti-Fraud Capabilities Demo at #Money2020, Powering Mobile Onboarding, Watchlist Screening, and Global ID Verification Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its affordable Electronic ID Verification (eIDV) platform empowers banks of all sizes to reduce risk and modernize Know Your Customer (KYC) operations, an important shift in identity resolution and…

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What’s all the fuss about Big Data?

According to data analytics company SAS, big data is a term used to describe large volumes of data, whether structured or unstructured, that businesses deal with on a daily basis. Big data can be broken down into the three Vs: Volume: businesses collect data from various sources and with increasing use of the internet and social platforms, there is more…

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Why Melissa is Your Trusted Provider

The internet has become an essential tool for buying and selling products, supporting and contacting customers, and all-important know your customer or KYC compliance. All these crucial functions rely on basic sanity checking of customer data to prevent fraud, lost shipments, support anti-money laundering (AML) and keep data clean. To facilitate the speed of modern commerce, checking data input into…

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Five Reasons to Start Investing in Data Quality Consulting Today

Data has become the keyword to reckon with in each and every organization out there. It would be safe to say that data management has become the top most priority for organizations, given the complexity and importance it poses within the business’s structure. Given the important role data plays in the day to day functioning of an organization’s end goals;…

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