Poor data quality is the single biggest contributor to the poor performance of customer risk-rating models

Poor data quality is the single biggest contributor to the poor performance of customer risk-rating models. Incorrect know-your-customer (KYC) information, missing information on company suppliers, and erroneous business descriptions impair the effectiveness of screening tools and needlessly raise the workload of investigation teams. In many institutions, over half the cases reviewed have been labeled high risk simply due to poor data quality – McKinsey


Time for the board to take information governance seriously?

Proper information governance will help to ensure that executives, auditors and shareholders can trust the financial results being presented. Information governance is about changing behaviour to maximise the value of data, manage complexity and mitigate risks.

5 data management essentials for your data privacy program

Almost everybody working with personal data will be aware of the glut of legislation, worldwide, that is seeking to protect consumers against the abuse of their personal data. In Europe, GDPR; in South Africa, PoPI, in Nigeria, DPR; in California, CCPA… Around the world, data laws are changing to promote the ethical use of consumer…

What is reasonable when it comes to PoPIA?

Another post following #ITWebGDPR2018 earlier this month. In his talk on the cost and compliance obligations of the GDPR, governance specialist Peter Hill made the point that risk, as it is referred to in the regulation, refers to risk from the perspective of the data subject. In other words, companies implementing GDPR, and PoPIA, must…

Brexit: Will your data need a passport?

I saw a tweet recently reading “The new James Bond will spend 50% of his time in queues at EU passport control.” As a hard Brexit looks increasingly possible, British citizens may well find that their relationship with Europe is about to get substantially less convenient. How will this affect British and EU data exchanges?…