Managing Corporate Entity Reference Data
Capturing information on corporate ownership in a timely and accurate manner is essential for financial market institutions. Out-of-date and erroneous data can, in extreme cases, cause significant financial loss. At a minimum it leads to...

• Incorrect credit exposures
• Misallocation of resources and capital
• Inefficient client servicing
• Inaccurate reporting to regulators

There are numerous reasons behind inaccurate data, all of which can impact the quality and reliability of a database. Data Maintenance procedures, whether initiated from vendor feeds or a change in information by an internal business process, are prone to any one or a combination of the following problems

• Omission
• Process Duplication
• Irregular updates
• Information overload
• Conflicting data from multiple sources

The resulting impact is that updates are applied incorrectly, not made on a timely basis or not applied at all. This leads to:

• Inaccurate hierarchies
• Increasing obsolescence
• A continual degrading of overall data quality

Solution Overview
CreditDimensions (CDI) offers a two-stage approach to manage entity data. In both stages, the solution is created around your data. CDI uses a variety of sources to collect, collate and verify data. We track the websites of thousands of corporate groups, all of the major news wire services and deploy an advanced web-watcher application to monitor changes on URLs around the world, from regulators, exchanges and company registers. This enables us to monitor listed and unlisted companies in over 200 countries.

Stage 1: Data Validation
Simply provide us with the data set that you need validated and we'll tell you what needs to be amended or provide a cleansed file. This service can be used as a confirmation of existing data sources and processes

Stage 2: Data Maintenance
Once data is validated, it is checked against the source periodically and proactively. In addition to a manual surveillance of data sources we use our tools to track changes at the audit source