Financial Services: Rapid Auditing Capabilities [Video]
February 19, 2020
The problem
- Verus Financial analyzes millions of records to return unclaimed assets to their rightful owners. The problem: how can it quickly and efficiently gain accurate insight from millions of records to serve customers better and faster?
The Solution
- Verus Financial implemented IBM InfoSphere and IBM SPSS software to increase efficiency, speed and performance.
The role of Prolifics
- Architected predictive analytics models and strengthened data quality;
- Acted as Strategic Advisor across projects and future solutions;
- Provided coaching, mentoring, in-depth technical training.
The Results
- Verus Financial achieved 99% audit report accuracy;
- increased from 3 to 30 iterations a week;
- reduced analyst training time by 14 months.