What is our primary use case?
The primary use cases of the solution are:
- Ensuring data quality
- Data cleansing of the input data
- Deduplication of the customer and his/her demographic information from multiple data sources against the existing customer base.
- Scanning the customer records against the negative customer list.
- Creating a 360 degree view of the customer across multiple lines of the business.
How has it helped my organization?
Posidex solutions with rules set by us helped in getting more than 80% system matches and very few false matches. It provides near real-time responses with hundreds of millions of customer data.
What is most valuable?
The data cleansing and standardization it offers, and near real-time response, has helped us in our credit decisions for underwriters, thereby getting the right customer onboarded.
What needs improvement?
Having the solution in big data technologies is something Posidex is working on. They already have couple of sites in production.
For how long have I used the solution?
More than five years.