“Accelerated Insight” Provides Real-Time Identity Verification for Financial Institutions,
Accelerating Customer On-Boarding, Reducing Fraud, and Facilitating Compliance
NOVATO, Calif., Aug. 31, 2011 – Dragnet Solutions™, the identity verification company, announced today the immediate availability of Accelerated InsightSM, a real-time identity verification solution for financial institutions. The solution supports aggressive account creation and cross-selling activities while cutting operating costs, reducing fraud, and facilitating KYC/CIP compliance. Accelerated Insight is offered as a Web service and provides easy, standards-based integration with the information systems that financial institutions already use. A free trial of Accelerated Insight is available for U.S. financial institutions today. For more information, visit www.dragnetsolutions.com.
Accelerated Insight uses powerful data-cleansing and fraud-detection algorithms to turn raw, hard-to-interpret consumer data reports into simple, clear decision-making guidance. Simply submitting a name and current or previous address immediately returns the current address, a correct Social Security Number, and a proprietary exception analysis that helps prevent fraud. Results are returned in real time—not in daily batches—instantly confirming customer identity and accelerating the on-boarding process. Accelerated Insight reduces or eliminates error-prone keyboard input, dramatically reduces exception-handling volumes, and measurably improves customer experience.
“Accelerated Insight’s fast and accurate identity verification frees branch personnel to focus on delivering the best possible service and makes customer interactions far more productive and profitable,” said Gary Root, chief executive officer, Dragnet Solutions. “Additionally, the solution reduces fraud and facilitates compliance with the USA PATRIOT Act and other regulations.”
A Dragnet white paper discussing identity verification solutions for financial institutions is available at www.dragnetsolutions.com.
About Dragnet Solutions
Dragnet Solutions provides real-time identity verification solutions to financial institutions, supporting aggressive account creation and cross-selling activities while cutting operating costs, reducing fraud, and facilitating KYC/CIP compliance. Dragnet is privately held and headquartered in Novato, Calif. For more information, please visit www.dragnetsolutions.com.
Dragnet Solutions is a trademark of Dragnet Solutions, Inc. Accelerated Insight is a service mark of Dragnet Solutions, Inc. Other names may be trademarks of their respective holders.
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