To overcome the challenges that occur during FSCS SCV report submission and transform your PRA status to Green and retain it in every FSCS drill, you can rely on our matured flagship FSCS SCV auditing tool SCV Alliance – FSCS SCV Audit Platform.
FSCS SCV audit solution is designed to help you tackle the challenges around gaining a Single Customer View and develop data quality to promote efficiency in operational readiness and improve accuracy in FSCS SCV Regulatory reporting.
At Macro Global, we firmly believe that it’s simply a case of having the capability to build a consistent actionable dataset that is accurate. We help the firm to transform and unlock the data from a legacy application.
SCV Alliance – FSCS SCV Audit Platform Framework conducts Quality/Health check and Risk Taxonomy of your data to show the integrity and shortfalls which support to derive intended data lineage.
SCV Alliance – FSCS SCV Audit Platform interactive dashboard empowers to visualise the status and progress of static business reporting, highlighting the potential errors which give users the competence to drill down their data to any level of granularity. The system offers an intuitive workspace with the ability to track, monitor, remediate and scale up your data with minimal man-hours.
Our SCV Alliance – FSCS SCV Audit Platform Framework is staged in the cloud and on-premises with integrated business modules including a custom-made design to support high-level data enrichment with choice of multiple input file format and quality data outputs.
SCV Alliance as a data-driven compliance platform for member banks to effectuate the Regulatory requirement. Our data validation rule engine runs hundreds of dissections defined by PRA on your data before submission.
Conquer FSCS SCV Challenges and Achieve a Green PRA Status with SCV Alliance
SCV Alliance goes beyond simple report generation by leveraging advanced techniques to tackle the complexities of gaining a Single Customer View and provide a clear roadmap for data improvement.
This ensures your data is accurate, consistent, and ready for efficient regulatory FSCS SCV reporting.
We assist in transforming data from legacy applications, enabling you to build a robust and actionable dataset that meets all FSCS requirements.
SCV Alliance contributes significantly to ensuring 100% FSCS compliance by incorporating various essential features:
Third-Party Integrations:
Integrates with trusted databases like FCA DB, Royal Mail DB through API, Companies House, Charities Register, BFPO Address, OFAC Sanction customer check among others, enabling efficient data validation against multiple sources, thus ensuring the accuracy of data.
AI-Fuzzy Logic:
Leverages AI-based fuzzy logic for data quality, allowing for multi-level data validations and control procedures. This technology prevents data duplication and inconsistencies, ensuring the generation of accurate SCV reports swiftly in the requisite format for FSCS submission.
Audit Checkpoints:
Employs 175 comprehensive checkpoints to track and report potential High & Medium risk data issues. Through complex algorithms and external data sets, it performs data validation against hundreds of defined dissections, ensuring regulatory compliance.
Audit History:
Provides a detailed audit history, enabling users to track and compare audit results over time. This feature makes the auditing process more transparent and accountable.
Data-Rich Reporting and Analytics:
Enables data-rich reporting and analytics, providing detailed insights into the data landscape. This feature helps maintain compliance and make educated decisions by analysing data trends, patterns, and anomalies.
Dashboard & Risk Analysis:
Gain valuable insights through our interactive dashboard. Visualise existing data issues, conduct risk analyses, and prioritise remediation efforts for optimal results.
Group-Based User Management:
Maintain control and ensure data security with granular user roles. Assign specific permissions based on user needs, ensuring a secure and efficient data management environment.
Ad-on Features: SCV Forza
- A comprehensive FSCS SCV reporting tool that ensures data accuracy and reliability for regulatory compliance.
- Uses AI-based fuzzy logic to facilitate multi-level data validations and control procedures, preventing data duplication and meeting FSCS requirements.
- Enables data mining, extracting valuable insights and patterns from financial data for informed decision-making and regulatory compliance.
- The automation and intelligence embedded in SCV Forza enhance the ability of financial institutions to analyse and utilise data effectively for SCV reporting.
- The data governance framework ensures consistency and compliance within SCV reporting processes, ensuring data formats, definitions, and codes are standardised.
Data Cleansing
- Crucial for data validation, integration, and quality control processes.
- Facilitates identification and correction of errors, inconsistencies, and duplication in data sets.
- Ensures data accuracy, prevents data duplication, and generates SCV reports quickly and accurately.
Data Enrichment
Enhances current datasets by adding new information from various sources.
Aims to make data sets more robust and valuable.
Improves customer profiles, personalises messaging, and gains deeper behavioral insights.
Data Remediation
- Essential for improving dataset reliability.
- Streamlines processes like identifying inaccurate customer information, account segregations, and data duplication.
SCV Alliance
FSCS SCV Audit Platform
