â€śAccelerated Insightâ€ť Provides Real-Time Identity Verification for Financial Institutions,
Accelerating Customer On-Boarding, Reducing Fraud, and Facilitating Compliance
Online PR News – 01-September-2011 – – NOVATO, Calif. â€“ Dragnet Solutionsâ„˘, 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 timeâ€”not in daily batchesâ€”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.
â€śAccelerated Insightâ€™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,â€ť said Gary Root, chief executive officer, Dragnet Solutions. â€śAdditionally, the solution reduces fraud and facilitates compliance with the USA PATRIOT Act and other regulations.â€ť
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.