As in investigating them.*
The need for identity resolution is alive and well. Here is an example of one market for the results that topic maps deliver.
Investigating Financial Crimes: Looking for Parts of Needles Over Multiple Haystacks?
From the webpage:
The International Association of Financial Crimes Investigators (IAFCI) annual conference begins next week in Charlotte, NC. The association, a non-profit international organization, provides an environment within which information about financial fraud, fraud investigation and fraud prevention methods can be collected, exchanged and taught for the common good of the industry. Infoglide Software Corporation is a proud sponsor of IAFCI and will be attending this year’s event. We invite all of our friends – and future customers – to come visit us at Booth 105. We would love to see you there. The conference begins on Monday, August 29th and runs through Thursday, September 2nd at the Charlotte Convention Center.
IAFCI has members across the world in every major continent, broken down by about one third law enforcement, one third banking and one third retail and service members. The membership dovetails nicely with Infoglide’s customer base. With a presence in major retail organizations, top global banks and mission critical government agencies, it is evident that Infoglide’s Identity Resolution Engine (IRE) is a tool that financial crimes investigators are excited about.
If you’re in the business of detecting and investigating financial crimes, AML and fraud, you know what it’s like to perform endless searches into disparate data sources looking for that golden nugget of information. It’s worse than trying to find a needle in a haystack. In fact, the needle itself is usually spread across several haystacks. Fortunately, Infoglide’s patented IRE software helps financial crimes investigators quickly identify ‘persons of interest’ within those haystacks of data. Here’s how:
- Enterprise-wide Identity Resolution: allows single-request searching into multiple databases without the need to move or clean the data. Accounting for variations in names, addresses and other attributes, it eliminates time and effort in triaging fraud cases, and allows analysts to focus on the high-return cases.
- Social Link Discovery: looks at non-obvious relationships between individuals across databases. By understanding, for example, that a loan applicant shares an address with the loans officer, and also shares a telephone number with a known fraudster, a company can gain immediate insight into the risks associated with that transaction.
- Anonymous Resolution for data Privacy: allows organizations to productively search into restricted databases without violating international data privacy laws. The analyst can understand if a match was ‘likely’ found in the restricted data, without ever seeing or retrieving the actual results.
- Real Time Read Flag Analysis: is the proactive implementation of the technology that looks at incoming transaction and compares them to internal and third party databases to understand possible identity matches and non obvious relationships. If one is found, the software triggers an instant alert.
So, if you or someone you know is heading to the conference, please stop by to meet us. It’s possible those haystacks aren’t quite as intimidating as you thought.
What needles in haystacks are you finding?
* That and other uses, inquire.