Financial Services Organisations
If you are a financial adviser, wealth manager, insurer 3rd party system or wrap provider or involved in any other capacity in dealing with client, asset and policy data, you will want to be certain that you are operating to maximum efficiency and with the highest level of risk control. In summary, you will want to know that your database(s) are helping your business maximise your business potential and are also working on the best possible governance and risk management strategy.
Client and policy data control is now seen as one of the most important parts of running a successful business or buying a business or income line.
ITM provides a variety of services to help you with your databases. We can undertake an independent, automated data analysis, migration, cleanse and risk checks, profiling, audits and all essential areas to review for your sales, marketing, wealth management, financial, operations, administration, and compliance departments. Even where data is considered to be good, an annual, independent audit is simply best practice.
The benefits of undertaking an independent audit of your client data are:-
- Complies – with TCF and Regulatory Guidance.
- Provides – a comprehensive understanding on the completeness and accuracy of all policy and servicing data for all your clients.
- Creates – an opportunity to economically cleanse the data (if necessary) via an automated facility.
- Enables – accurate liability and risk quantification for all policies leading to a more accurate business valuation, directly impacting company financing.
- Results – in confidence in your database and saves time and cost inefficiencies at the right time.
For further information click on the services listed below