Global Objectives, a provider of customer identification data services, has integrated technology from Autonomy into a new Web-based service, World-Check, to help banks reduce time and risk in background checks and client audits on new accounts.
The service is currently used by more than 40 institutions around the world and enables banks to bring together related information from hundreds of sources - including official government, intelligence and police sites, international research and academic groups and the international media - without time-consuming and costly manual editorial intervention.
The company has integrated Autonomy's software to automatically identify, review and hyperlink the back-end information used to build and maintain the World-Check site.
David Leppan, director, Global Objectives, comments: "The ability to automatically assemble and manage critical information relating to questionable and high-risk account holders is, now more than ever, a burning issue in the banking industry."