SYSTEM AND METHOD FOR ENTERPRISE DATA QUALITY PROCESSING

摘要

A system for a financial institution (or vendor thereof) to comply with its due diligence, reporting and monitoring obligations under FACTA or similar regulations. The present invention deploys a computer-based Enterprise Data Quality (EDQ) platform for the collection and management of customer financial data. The platform is configured to profile and validate the quality of existing database structures and content and, to the extent necessary to achieve regulatory compliance, normalize and standardize database records. The platform is further configured to detect and flag data anomalies, and provides an automatic alert distribution feature. The EDQ platform further includes a reporting feature to enable an accessible audit trail. The platform gathers data feeds from existing systems and supports the collection of data from new customers.

主权项

1. A computer-implemented method for standardization of database records, comprising:
receiving a data set comprising a plurality of profile and account data; receiving input data comprising an assessment of structural integrity and validity of the received profile and account data; applying a standardization protocol across profile and account data; and determining a record classification.