Financial Services: Rapid Auditing Capabilities [Video]

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.