Listing Details| ID: | 2797 |
| Title: | Tracesmart Corporate - http://www.tracesmartcorporate.co.uk/ |
| Description: | Tracesmart Corporate, a leading provider of people tracing, identity checking, data cleansing and B2C marketing data services. |
| Category: | Business and Economy: Business Resources |
| RSS Feed: | Tracesmart Corporate's Latest News |
| Resources: | Trace People Trace people using our extensive portfolio of datasets, locate gone aways, access our batch tracing services and call upon dedicated tracing agents. Data Cleansing Data cleansing maintains high data quality by suppressing, de-duping and appending key personal details. Incorporating mortality screening, data enrichment, gone away suppression and gone away flagging our data cleansing service ensures your data stays current. Identity Checks Powerful electronic identity check solutions from Tracesmart Corporate, one of the most comprehensive identity check solutions on the market. Asset Reunification An Unclaimed Asset Scheme for the UK is seemingly inevitable, with the BBA and BSA supporting a thorough asset reunification program prior to realisation of such a scheme. Now is the time to commence an asset reunification exercise and regain contact with dormant account holders. Debtor Tracing Legislative changes forced the debt collection sector to review the methods they use when debtor tracing. Fortunately the digital age has made it simple for debtor tracing teams to demonstrate legal and ethical compliance, by providing tools that make debtor tracing easy and accountable. |
| Added: | April 25, 2008 01:49:17 PM |
| Referrals: | 7 |
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| Latest feed from Tracesmart Corporate Access 3m Mobile Numbers Tracesmart now provide mobile number search. Company’s clients can now access 3 million mobile phone numbers Tracesmart, leading providers of debtor tracing tools and electronic identity checks, have today announced that they have integrated 3 million mobile telephone numbers into their database. The data is being utilised by Tracesmart’s online tracing systems but will soon be offered in the company’s other services. The addition of mobile telephone numbers further expands the data sources which Tracesmart’s clients can call upon when attempting to trace people. At present no UK telephone directory exists for mobile telephone numbers so by incorporating mobile numbers into their system, Tracesmart through their corporate arm - Tracesmart Corporate can offer unique service functionality to their customers. Mobile telephone numbers are especially valuable when attempting to trace gone aways as the majority of people keep the same mobile telephone number despite moving residence. Commenting on the usage of the newly assimilated mobile phone data, Paul Weathersby, Technical Director for Tracesmart, said, "In the first instance we have integrated the mobile phone records into our online people tracing facility, if we have a mobile number for a trace subject we will display it in the profile window." Speaking further Weathersby noted that the mobile telephone number data will soon be utilised in various other Tracesmart services – these include their e-ID service, mortality screening and gone away system (Existence), and data cleansing solution. The acquisition of 3 million mobile telephone numbers is one of many data coups for Tracesmart in 2008 as Mike Trezise, Managing Director for Tracesmart, pointed out, "This year has seen us release a variety of new services and greatly improve our service portfolio. I have attributed this largely to our continued successful attainment of new data and the hard work of our now greatly expanded IT team. Our customers can definitely look forward to, and expect, bigger and better things of Tracesmart in 2009 as we strive to stay at the forefront of consumer intelligence provision through cutting-edge technology and diverse data." Tracesmart Corporate Launches Existence Existence service to eradicate Impersonation of the Deceased fraud - Tracesmart aim to make IOD fraud a thing of the past Making a concerted effort to stamp out Impersonation of the Deceased (IOD) fraud, Tracesmart, leading suppliers of identity verification tools, have this week launched Existence – a new suite of services with the potential to eliminate IOD fraud. IOD is a form of identity fraud - it is estimated by the Home Office Identity Fraud Steering Committee, that identity fraud costs the UK economy £1.7 billion annually. Whilst IOD fraud has historically been hard to tackle due to the lack of death records being made available, recent changes in legislation have allowed the UK General Register Offices (GRO) to release death registration information (DRI) to commercial bodies with the aim of preventing fraud. It is this move that has enabled Tracesmart to develop their suite of services which will tackle IOD fraud head on. Combining in-depth mortality screening and residency verification, the service allows users to ascertain whether an individual is alive and if they reside at their given address. Paul Weathersby, Technical Director at Tracesmart, commented on the data which drives these checks. "The mortality screening element of our Existence services draws upon the GRO’s DRI data and the residency verifier calls upon a variety of consumer datasets including historic Electoral Rolls, leading gone away files and BT OSIS amongst others. The combination of these checks allows us to confidently identify deceased individuals and gone aways." The Existence suite comprises three services with which clients can conduct existence checks. Existence Search is an online facility which can be used to conduct single ad-hoc checks; Existence Batch is a batch screening service where multiple persons can be verified and the third, and possibly most significant service, is Existence Alert - an early warning system that notifies users of mortalities at the earliest possible opportunity. Tracesmart has long provided tools for conducting identity checks and has a strong history in the field of fraud prevention. The combination of this experience and access to DRI will enable the Existence services to effectively help put an end to IOD fraud. Mike Trezise, Managing Director at Tracesmart, has already seen a high volume of interest in the product. "Prior to launch we approached several key clients in the pension and financial sectors to gauge market interest in the product. As we suspected, the demand is most certainly there and we already have prominent pensions administrators and large schemes utilising the system to replace certificate of existence exercises, and many in the financial sector are employing it as part of their know your customer checks. Preventing IOD fraud will save businesses considerable amounts of money and protect consumers from both fiscal and emotional harm." FSA issues its first fine to MLRO Financial Regulator Takes Unprecedented Step On Wednesday 29th October, The Financial Services Authority (FSA) fined both Sindicatum Holdings Limited (SHL) and its money laundering reporting officer (MLRO), Michael Wheelhouse, for failing to have adequate systems and controls in place to verify and record client identities. SHL was fined £49,000 and Mr. Wheelhouse received a fine of £17,500 – this is the first instance of an MLRO being fined by the FSA and sends out a stern warning to all firms and individuals who have anti-money laundering responsibilities. William Amos, head of retail enforcement at the FSA, commented: "It is vital to the integrity of the UK’s financial markets that regulated firms are not used by criminals to launder money. Senior management must implement and follow procedures that meet our requirements so that the risks their firms face are properly managed. "This fine is a warning to firms and individuals about the importance of complying with our rules in this area and we will not hesitate to clamp down on failures, where necessary." The fines were a result of failings within SHL’s client identity verification procedures. The FSA discovered that the firm failed to have adequate procedures in place to verify client identity, did not adequately verify the identity of a significant number of their clients and also neglected to keep adequate records regarding the verification of its clients. Additionally, Mr Wheelhouse failed to take reasonable steps to put in place adequate procedures for controlling money laundering risk. Commenting on the unprecedented action taken by the FSA, Michael Trezise, Managing Director at Tracesmart noted: "By fining the MLRO as well as the company the FSA are sending out a very strong message to those obligated to take preventive measures against money laundering. It is vital that firms and individuals have effective and robust measures in place to identify clients and maintain records as to how this was achieved. In the months preceding the implementation of the Money Laundering Regulations 2007 we had a huge uptake in our services which indicated to us that many firms are taking their know your customer obligations very seriously. Those that don’t are not only leaving the financial system open to abuse but are also putting themselves in a position which could result in a hefty fine – even prison. When you consider how easy and economical it now is to put adequate measures in place to conduct and record identity checks, it would be extremely unwise for anyone to leave themselves open to such a threat." To review the official FSA press release, or view the final notices issued to Sindicatum and Michael Wheelhouse, please visit the FSA website (http://www.fsa.gov.uk) |