Compliance and privacy regulations place increasingly strict limitations on how you can use data, which complicates customer, guest and patient interactions. These tighter regulations, coupled with consumer concerns and new business objectives, require new ways of managing data.
To meet these growing compliance issues, you must, at a minimum, be able to find all the records for a given individual or household and link them together. If you can't, you risk violating a customer's privacy, allowing a fraudulent transaction, or letting a criminal slip through the cracks.
Initiate's acclaimed customer data hub links individual records together to improve data integrity and quality, which enables you to get a trusted single view of each person, household or organization, on demand and in real time.
Initiate software can help you:
- Identify a person across sources, including third-party lists, overcoming nicknames or aliases, improving customer service and compliance with regulations such as "do not call," the USA PATRIOT Act, Gramm-Leach-Bliley and others
- Eliminate reliance on Social Security numbers
- Match separate contracts, invoices, bills and payments to a specific person, household or organization, aiding compliance with regulations such as Sarbanes-Oxley
- Determine if an individual has reached established limits, such as the number of credit card accounts, to better achieve the goals of your business rules
Learn more about how Initiate can help your compliance initiatives.