18 March 2018

Tracesmart wins HSBC anti-fraud contract

02 October 2009  |  1508 views  |  0 Source: Tracesmart

Tracesmart Corporate has been appointed by HSBC Actuaries and Consultants Limited (HACL) to provide their proprietary existence and tracing services. The facility will allow the verification of customer data against vital consumer information, including key UK mortality records; permitting the HSBC employee benefit consultancy to continuously and confidently monitor their client database in order to maintain contact with existing customers and highlight possible fraudulent activity.

HACL is part of the HSBC Group and a market leader in the UK specialising in actuarial and employee benefits consultancy, providing opinion, advice and services to pension scheme trustees, employers and individuals. It has become one of the leading employee benefits and actuarial consultancies in the UK.

Following stringent examination amongst stiff competition, including the incumbent, Tracesmart was recently awarded the three year preferred supplier contract. Mike Trezise, Tracesmart's Managing Director commented, "Our meticulous procedures and thorough understanding of our customers' requirements has successfully delivered yet another major account. Our existence facility and unique multi-tiered tracing solutions are currently delivering significant benefits to our clients. We look forward to working with HACL to deliver the best possible and most cost effective service available."

Tracesmart, the Cardiff based data intelligence company, provides a comprehensive and unique facility to trace people, delivered by a team of in-house tracing agents, the service offers a tiered search solution to a growing number of companies. Tracesmart is also one of a small number of organisations to receive a weekly update of the UK Death Registration Information from the General Register Office (GRO) to enhance its mortality screening facility. Approximately 12,000 deaths are recorded weekly in the UK, and this amassed information, combined with Tracesmart's vast consumer database, drives the company's proprietary service 'Existence Alert'. The service is in essence a data cleansing process, which provides a continuous screening facility that identifies deceased individuals and 'gone aways' (people that move home without notifying a change of address) at the earliest possible moment, allowing appropriate action to be taken to minimise risk and combat escalating fraud such as the impersonation of the deceased.

Jim Gallagher, Head of Pension Administration Solutions at HACL commented;
"We continually strive to improve the service capability and proposition we are able to provide to our clients. We are therefore delighted to be working with Tracesmart who have developed a market leading service in what is quite a specialist area. We look forward to working with them so that we can provide an even better service to all our clients."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://info.nice.com

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
12079 views comments | 25 tweets | 5 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
7453 views comments | 8 tweets | 7 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6703 views comments | 18 tweets | 17 linkedin
Barclays propels Coinbase into Faster PaymentsBarclays propels Coinbase into Faster Paym...
6558 views comments | 15 tweets | 28 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
6453 views comments | 12 tweets | 11 linkedin

Featured job

Singapore (or Hong Kong)

Find your next job