Data integrity at banking industry: smart automation for maximum efficiency and control

In the dynamic world of our customers, data integrity is the basis for secure, transparent and future-proof financial processes. Optimizing data quality management means minimizing risks and at the same time raising efficiency to a whole new level. It is no longer just about managing information. It's about the intelligent use of technology that paves the way for better decisions and faster processing. With our help, time-consuming manual checks are a thing of the past. Thanks to innovative solutions for increasing efficiency at banking industry, such as the automated checking of lists and the targeted monitoring of risks, you can work faster and with fewer errors. This is because our software carries out every check and every risk assessment precisely and without unnecessary delays.

Thanks to automation

With the right technology, banking industry can optimize their control activities, improve the data quality and automates its data integrity. At the same time free up their employees. So that they can concentrate on the essentials. Automated risk monitoring ensures that potential problems are identified at an early stage and addressed proactively. This not only creates efficient processes, but also a strong basis for growth and innovation.

Taking data quality to a new level

With our data integrity optimization solutions, we are setting new standards in data integrity for banking industry. Through innovative, automated processes, we minimize sources of error and sustainably increase data quality and risk management. With us, you not only secure your data, but also create a solid foundation for efficient decision-making processes. Our solutions offer continuous risk-oriented data checks and guarantee audit compliance throughout. With these solution modules, you make a quantum leap for your data quality.

Our solutions for data integrity:

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Mass Data Change Smart - efficient and automated for savings banks

Symbolbild digitalisierte und automatisierte Wertpapierkontrolle mit Foconis-ZAK®
  • Automated mass data changes without manual intervention
  • Optimization of data quality through automatic cleansing
  • Seamless integration with other Foconis solutions for error prevention and risk monitoring

Efficient mass data change for savings banks

The manual adjustment of mass data in credit institutions is often time-consuming, error-prone and costly. Especially when correcting errors after IDV evaluations or product adjustments, the effort quickly becomes unmanageable. This is where the Foconis-ZAK® function package “Mass Data Change Smart” comes into play. With our solution, savings banks can optimize data integrity and quality management and control activities at the same time. Thousands of data records can be cleansed or changed at the touch of a button, without manual intervention.

Maximum efficiency and safety

Automated processes ensure fast and error-free implementation, which leads to a significant increase in efficiency for banks. Another advantage: the functional package can be seamlessly integrated into other Foconis solutions, eliminating sources of error directly in projects such as “Inactive customers”, “Reorganization” and “Family groups”. This also allows risks to be monitored automatically and lists to be checked automatically - all with maximum audit security and in the shortest possible time.

Data quality management needs automation!

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Union Investment Controls - goodbye manual checks!

  • Reduction of manual effort
  • Clear processing of Union-related events
  • Enrichment with useful additional information such as customer data, tax ID or advisor information
Symbolbild digitalisierte und automatisierte Wertpapierkontrolle mit Foconis-ZAK®

Efficient risk management is no coincidence

Controlling Union-related events has never been easier: with the Foconis-ZAK® functional package “Union Investment Controls” manual checks are replaced by automated processes. The solution relieves employees and ensures seamless, documented controls as part of risk management. Manual checks such as reviewing union lists or the DVO transaction log are time-consuming and error-prone. Foconis-ZAK® offers an answer for banking industry to focus on efficiency and monitor risks automatically. The function package enables the automated control of important lists (e.g. L03491, L03535).

Increased efficiency for securities account openings and union orders

The Foconis-ZAK® functional package ”Union Investment Controls” digitizes and automates control obligations such as

  • Depot opening: Verification of legitimation data, tax ID’s and national ID’s.
  • Union orders: Checking the declaration of appropriateness, suitability of advice and age of majority of acting persons.
  • Union savings plans: Additional verification of cost information and fund documentation.

Union events are automatically integrated into the system and provided with clear recommendations for action and error reports. Employees receive a quick overview of all information, which leads to targeted checks and corrections.

„Automated checks of union lists with Foconis-ZAK® noticeably reduce the workload of our employees and also increase the quality of the checks.”

Bernd Buckermann, Hamburger Volksbank eG

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Deka controls - efficient automation

Symbolbild digitalisierte und automatisierte Wertpapierkontrolle mit Foconis-ZAK®
  • Transparent presentation of all events based on the transaction data
  • Audit-proof documentation of processing and troubleshooting
  • Avoidance of errors and media disruptions through integrated processes
  • Increased efficiency in control activities through automation

Minimize risks in a fully automated way

Why do it manually when it can be fully automated? Checking deca transactions is time-consuming and error-prone if banks and savings banks carry it out manually. With the Foconis-ZAK® function package “Deka controls”, savings banks can optimize the process around control activities. The result: structured, automated checks and less effort for your employees.

Ensure data integrity

The “Deka controls” function package automates the checking of Deka transactions. It combines the information from logs and the reminder system into a clear, structured process. Anomalies are automatically detected, documented and assigned to the responsible departments.

Manual checks are a thing of the past.

Optimize your data quality management through automated control processes with Foconis-ZAK®!
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Data Center List Controls - automated security for banks

  • Increased efficiency in banks: Reduced manual effort and improved quality at the same time.
  • Automated list control processes: Quick and precise analysis of all data sources.
  • Strengthen risk management: Automatic monitoring and logging of relevant processes.
  • Audit security: verifiable documentation of all controls for the internal control system (ICS).
Symbolbild digitalisierte und automatisierte Wertpapierkontrolle mit Foconis-ZAK®

List control revolution!

With the Foconis-ZAK® function package “Data Center List Controls”, banks can automatically control their lists instead of carrying out laborious and error-prone manual evaluations. Our solution ensures greater efficiency and data integrity for banks and savings banks. Banks receive a large number of lists from core banking systems and other partners such as dwpbank or credit card companies on a daily basis. This information is often unstructured and difficult to evaluate electronically. Manual checks are usually carried out on a random basis, which leaves gaps in the control process and increases risks.

Optimize data quality, monitor risks automatically

The function package “Data Center List Controls” automatically analyzes all relevant lists, such as the online viewing “computer lists”, for risk-relevant data and “interesting processes”. Only relevant hits are forwarded to the responsible departments with a processing declaration. This ensures a complete check and reduces the workload of the control departments.

Automate your list checks now and optimize your control activities:

with Foconis-ZAK®!
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ZAK active - Optimizing data quality management in the lending business

Symbolbild digitalisierte und automatisierte Wertpapierkontrolle mit Foconis-ZAK®
  • Automated control of lists
  • Automated risk monitoring - seamless, audit-proof documentation of all collateral
  • Increased efficiency for banks and savings banks: Time savings thanks to the elimination of manual reporting queries

Manual checks have had their day

The manual verification of collateral in the lending business is time-consuming, error-prone and expensive. With the Foconis-ZAK® function package “ZAK active”, banking industry can ensure their data integrity and optimize their control activities by automation. Incorrect or incomplete data recording in the lending business leads to increased capital requirements and higher contributions to protection funds. At the same time, manual checks quickly reach their limits and jeopardize data quality management.

The future is automated controls

With the Foconis-ZAK® “ZAK active” function package, we provide a large number of intelligent, automated and tried-and-tested control processes that replace the previous reporting queries and also provide your banking industry with numerous advantages.

Would you like to rethink collateral verification?

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ZAK passive - Automated process control and data integrity at banking industry

  • Reduced manual effort thanks to automated control activities
  • Optimized data quality through regular overall inventory checks
  • Visualized error rates and action control in the Management Cockpit
Symbolbild digitalisierte und automatisierte Wertpapierkontrolle mit Foconis-ZAK®

Data integrity is an obligation

The “ZAK passive” function package offers savings banks intelligent support for process control by evaluating the change history from OSPlus. With tried-and-tested procedures, it optimizes data integrity at savings banks and sustainably increases process quality. Incorrect data entry and a lack of controls, on the other hand, lead to high manual effort and limited data quality. Traditional spot checks are not sufficient to systematically eliminate anomalies and minimize risks.

Data quality is fun!

The function package combines powerful automatisms to increase process efficiency in your savings bank:

  • Check lists automatically: Daily analysis of account changes or data inventories
  • Automated risk management & monitoring: Anomalies are detected and forwarded to the relevant departments
  • Intelligent immediate correction of recurring errors
  • Seamless tracking with audit-proof documentation

We are the experts in data integrity for banking industry.

Together, we will move your processes forward!
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