UK bank Alliance and Leicester is implementing data quality management technology from Datanomic in order to comply with forthcoming data protection regulations regarding shared customer information.
The bank is using the data auditing technology to comply with the Data Protection Act Directive which requires firms within the Credit Account Information Sharing (CAIS) scheme to guarantee a high level of accuracy on shared customer data by 2007.
Datanomic says the system will enable the bank to conduct regular data quality analyses.
John Pridmore, senior manager, data quality, Alliance & Leicester, says the software integrates easily with the existing IT infrastructure so mainframe data can be audited via a desktop PC.
"With precision targeting of anomalies, it is much easier to focus our attention on data quality and quickly deal with problems, so our team can operate more efficiently," says Pridmore.