Compliance and data management software specialist, Datanomic, today announced the opening of US subsidiary, Datanomic Inc., incorporated in Delaware, with offices in New York City, New York. The expansion reflects global demand for its dn:Director business application for data management, and its dn:Director for Sanctions & PEP Screening solution, which have fuelled triple-digit growth for the last four years.

Dr Jonathan Pell, Datanomic CEO, commented, “We’re delighted to make this important next step in our strategic plan. Global deployments for customers like Barclays and Vodafone Group demonstrate our international reach, and a US subsidiary is the logical next step in our aggressive expansion plans.  dn:Director is already the UK’s de-facto choice for Risk & Compliance Screening. Its ability to improve operational performance and efficiency through ensuring the fitness-for-purpose of data underpinning mission critical applications significantly benefits companies looking to rebound out of recession.”

Datanomic is also significantly expanding its international partner network, with integrators, resellers, and OEM agreements and already has an existing successful partnership with Initiate Systems in the US. 

2009 saw a 40 percent increase in Datanomic’s customer implementations, including a global contract with Barclays, the largest deal in its history.  In 2010, Datanomic will focus on expanding its US operations, extending its reach into Asia Pacific, and actively recruiting additional resellers and partners throughout Europe.

Datanomic Inc.’s New York office is located at 245 Park Avenue, New York City, New York 10167.  US Director Gregory Smith can be contacted on +1 212 372 8932 gregory.smith@datanomic.com.

About Datanomic

Datanomic’s flagship enterprise Data Management and Compliance Screening software, dn:Director, helps organisations save money, remain compliant with legislation, streamline business processes, reduce waste and seize more opportunities. The core foundation of Datanomic’s business solutions, dn:Director’s broad capabilities enable organisations to identify and eradicate problems in customer, financial and product data, improve compliance performance, and better manage business risk. dn:Director allows teams to collaborate on business-critical data issues, across any database, via a central console. Based in Cambridge, UK, Datanomic was founded in 2001. www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com

The Marketing Bill of ‘Rights’

If the Marketing department is to be successful in getting the right message to the right customer, for the right product, at the right time and via the right channel…

…it needs the right data.

In support of Marketing departments everywhere, Datanomic will be launching its new B2C Marketing Solution at the TFM&A show on Tuesday, 23^rd February.

By improving the fitness-for-purpose of customer and prospect data, Datanomic’s B2C Marketing solution allows marketers to build a better single customer view (SCV), better segmentations, and ultimately improve their campaign effectiveness and ROI.

Join us in the Data and Marketing Analytics Theatre on Tuesday 23^rd February at 15.30 for a 30-minute session on how effective data governance can significantly improve the campaignability of your marketing database:

• Improve customer engagement and campaign ROI with fit-for-purpose data
• Actionable data’s role in event-based marketing
• Embracing cuts – cut data management costs, cut your time to segmentation, cut budget waste

Make your budget go further whilst winning and retaining the right kind of customers – join us for the first step in the ‘right’ direction.

If you would like to see just how
Wii fit-for-purpose you are book a slot here.

cforms contact form by delicious:days

Prizes will be given away at the show each day

In direct response to increasing demand for the company’s Risk and Compliance Screening solution and its core dn:Director data management application – fuelling triple digit year-on-year growth for the fourth consecutive year – Datanomic today announced a new Director of Alliances, four key Senior Sales appointments to its UK office, as well as the appointment of two additional Pre-Sales executives. The increase in demand generated a 40 per cent rise in customer implementations last year, prompting Datanomic to boost staff numbers by more than 50 per cent.

Bucking the global recession, Datanomic has continued to invest in talent and plans to continue to recruit both domestically and internationally throughout 2010.  The company has already appointed a Director for its new North American operation, and has extended its sales reach into the Asia Pacific region. The four latest appointments span Datanomic’s core vertical markets: Financial Services, Telecommunications and Retail; areas which have all seen high year-on-year revenue growth.

Mike Snape joins Datanomic as Director of Alliances from SAS where he spent the last four years as UK Head of Alliances, owning the strategy for all UK partner relations. Prior to this, Mike spent 7 years at PeopleSoft in the area of field alliance management, marketing and business development activity and latterly, managing the IBM relationship across EMEA.

David Thornton and Heidi James both join Datanomic as Senior Sales Consultants supporting the Risk & Compliance Screening division. David has a wealth of experience within the Financial Services industry with previous positions including Sales Executive for Capita Tracing Solutions and Banking Sector Manager for Experian Payments. Heidi comes to Datanomic from Dun & Bradstreet where she specialised in Risk and Compliance. Prior to that, she held the position of Anti-Money Laundering Specialist with Dow Jones Watchlist.

Joining the Data Management Applications (DMA) division are Brian Harvey and Morgan Jay. Brian brings extensive experience of both the Telecommunications and Utilities markets through previous roles at Geneva Technology Ltd/Convergys and SPL Worldgroup (as Business Development Director). Morgan will focus on solutions sales working exclusively with Enterprise accounts within the Financial Services sector. His previous roles include Senior Solution Strategist for CA-Wily and Territory Account Manager for HP, responsible for business technology optimisation (BTO) sales. The appointment of Morgan and Brian will see them support organisations within Financial Services and Telecommunications to ensure business critical data is fit-for-purpose, facilitating ROI workshops and tangible returns around specific business benefits.

“These new appointments add considerable depth to our capabilities in our core verticals,” said Dr Jonathan Pell, CEO of Datanomic. “We are expecting another year of record breaking growth, and it is imperative for us to keep investing in the business to properly support customer and market demand with the right skills and talent. We will continue to recruit high caliber individuals with deep sector expertise, as well as invest in our ongoing R&D to deliver market leading innovation and award winning solutions for our customers.”

About Datanomic

Datanomic’s flagship enterprise Data Management and Compliance Screening software, dn:Director, helps organisations save money, remain compliant with legislation, streamline business processes, reduce waste and seize more opportunities. The core foundation of all Datanomic’s business solutions, dn:Director’s broad capabilities enable organisations to identify and eradicate problems in customer, financial and product data, improve compliance performance, and better manage business risk. dn:Director allows teams to collaborate on business-critical data issues, across any database, via a central console. Based in Cambridge, UK, Datanomic was founded in 2001. www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com

Compliance and data management specialists, Datanomic, today announced it completed its 2009 fiscal year ending 31 December 2009 on a high with record revenue growth.  Bucking the global recession, Datanomic achieved year-on-year triple digit growth for the fourth consecutive year, and saw a 40 per cent increase in customer implementations, including a seven figure global contract with Barclays Plc, the largest single deal in Datanomic’s history.  Throughout 2010, Datanomic will be focusing on further global expansion by establishing a US subsidiary, appointing a new Director for its North American operations, extending its sales reach into the Asia Pacific region via strategic partnerships, and actively recruiting additional resellers and partners throughout Europe.

Datanomic saw growth in its core target markets of Financial Services, Telecommunications and Retail, across both lines of business – Risk & Compliance Screening and Data Management Applications. Growth in these markets was fuelled by increased regulation, together with a drive towards the efficiencies gained from a single and holistic view of fit-for-purpose data.  The company also significantly expanded its partner network through geographically and vertically focused partnerships, including integrators, resellers and referral partners, as well as two OEM agreements with international software organisations.

“2009 has been yet another milestone in our corporate growth,” said Dr Jonathan Pell, CEO of Datanomic. “In addition to exceeding our revenue objectives, we’ve gained significant industry recognition, including Gartner naming Datanomic as a Visionary in its Magic Quadrant for Data Quality Solutions. We’ve also picked up industry accolades, including Data Strategy Magazine’s 2009 award for ‘Best Use of Data in Technology, Communications and Web-Based Services’ for Vodafone’s global deployment of our dn:Director for Sanctions & PEP Screening solution. We also have no expectation of requirements for any additional funding, following the recent buyout of 3i’s shares and loans by Datanomic Management and other existing investors, supported by investor DN Capital. We’re looking forward to continued commercial momentum in 2010.”

In December 2009, Datanomic announced the formation of an Independent Advisory Board to help steer the company through its next phase of domestic and international growth. The Advisory Board is Chaired by Tony Morris, independent strategy consultant and former Non-Executive Director of Datanomic, and also includes Keith Willetts, Chairman and founder of the TM Forum (the world’s leading telecoms trade association), and senior IT industry veteran Dr Mike Hamm.

About Datanomic

Datanomic’s flagship enterprise Data Management and Compliance Screening software, dn:Director, helps organisations save money, remain compliant with legislation, streamline business processes, reduce waste and seize more opportunities. The core foundation of all Datanomic’s business solutions, dn:Director’s broad capabilities enable organisations to identify and eradicate problems in customer, financial and product data, improve compliance performance, and better manage business risk. dn:Director allows teams to collaborate on business-critical data issues, across any database, via a central console. Based in Cambridge, UK, Datanomic was founded in 2001. www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com

Compliance screening and data management specialists, Datanomic, today announced the appointment of Dr. Matthew Gaved to its Board of Directors. As a co-founder and former director of Datanomic, Dr Gaved is a specialist in the field of corporate governance and has conducted extensive research into the role of institutional investors in the control of public companies.

Dr Gaved brings extensive experience as a director of a number of Cambridge-based technology companies. He was co-founder and board director for mobile network devices specialist, Antenova, board director and co-founder of RFID specialists, IDTechEx, board director of optical network switching company, Polatis, as well as board director for medical technology company, Astron Cinica. He has also been non-executive director of a number of smaller companies representing minority shareholder interests.  For five years he was the Editor of the international newsletter ‘Governance’, and had reports published by the ICAEW, The Conference Board and the OECD. He spent his earlier career in UK and international sales and marketing roles, later working closely with PricewaterhouseCoopers as a member of its monitoring trustee services team. In September 2009 he co-founded CompetitionRx, a specialist provider of monitoring trustee services and remedy advice to companies undertaking mergers and acquisitions in Europe, or subject to state aid agreements with the European Commission.

“As one of the original co-founders of Datanomic, Matthew not only intrinsically understands Datanomic’s value proposition, but he also brings a wealth of valuable insight to our Board of Directors in the area of governance and scaling the company for domestic and international growth,” said Dr Jonathan Pell, CEO of Datanomic.  “We look forward to his insight and industry contribution as Datanomic continues to expand its geographic reach and vertical market penetration throughout 2010.”

Dr Gaved holds a BSc from Durham University, an MBA from the London Business School (LBS), an International Management Programme diploma (LBS/HEC France/NYU) and a PhD from the London School of Economics. He has also recently completed a Masters in Finance, also at LBS.

About Datanomic

Datanomic’s flagship enterprise Data Management and Compliance Screening software, dn:Director, helps organisations save money, remain compliant with legislation, streamline business processes, reduce waste and seize more opportunities. The core foundation of all Datanomic’s business solutions, dn:Director’s broad capabilities enable organisations to identify and eradicate problems in customer, financial and product data, improve compliance performance, and better manage business risk. dn:Director allows teams to collaborate on business-critical data issues, across any database, via a central console. Based in Cambridge, UK, Datanomic was founded in 2001. www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com

Compliance and data management specialists, Datanomic, today announced the formation of an Independent Advisory Board to help steer the company through its next phase of domestic and international growth. The Advisory Board will draw on the knowledge and experience of external, independent experts to deliver guidance, governance and market insight as Datanomic continues to expand its geographic reach and vertical market penetration.

Tony Morris, independent strategy consultant and former Non-Executive Director of Datanomic, will Chair the new Advisory Board.  An IT industry veteran, Tony is an entrepreneur, investor, independent Director, and consultant providing strategy and venture development advice to technology companies and investors on both sides of the Atlantic.  He has made 26 direct investments in private technology companies and is an LP in several US and UK venture capital and private equity firms.  He is an experienced Board Director and has been profiled as a successful investor in Winning Angels by Harvard Business School’s Howard Stevenson and David Amis and Raising Venture Capital Finance in Europe by Keith Arundale.  In 1980 Tony founded Morris Decision Systems, a pioneering PC reseller and network systems integrator in New York, ranking #9 on the Inc. 500 when sold.  Tony has an AB from the University of Pennsylvania and an MBA from Stanford University.  He is a member of the Dean’s Council at the Harvard Kennedy School.

Also joining the Advisory Board will be Keith Willetts, Chairman and founder of the TM Forum, the world’s leading telecoms trade association with over 700 member companies covering 185 countries. Prior to TM Forum, Keith held a variety of executive positions at TCSI in California and British Telecom in the UK (including membership of BT’s Technical Advisory Board), was Chairman of Comnitel Technologies in Ireland (now IBM), Chairman of Evolved Networks in the UK, and Chairman of Appium in Sweden (now Aepona). Enjoying almost 40 years’ senior level business experience in the telecoms industry, Keith is recognized as one of the world’s leading authorities on communications management.  He has been honored twice in the Communications Week “Top 25” awards for industry visionaries, has been awarded the British Computer Society’s Gold Medal for innovation and the BT Gold Medal for innovation. He was recently voted in the Top 50 most influential people in the communications industry in a recent Global Telecoms Business poll. Keith also co-authored the influential book, “The Lean Communications Provider”.

Dr Mike Hamm will also sit on the new Advisory Board. Mike has more than 20 years’ management experience in the IT industry, holding senior roles in large organisations such as Unisys, NCR, SAS and SAP Business Objects, as well as smaller start-up firms such as Forte Software and Quadrant Risk Management.  He has worked extensively in the banking and insurance markets in the UK, as well as the US, Switzerland, Germany, Austria and Eastern Europe. Mike holds a PhD in Theoretical Physics from the University of Vienna, Austria, and a diploma of the Executive Business School St.Gallen, Switzerland.

Datanomic will be making additional appointments to the Advisory Board, which will be announced over the coming months.

“Datanomic has just completed another year of consistent triple digit revenue growth, record sales, international expansion and vertical market penetration,” said Tony Morris, Chairman of the new Independent Advisory Board. “The Advisory Board will bring external, specialist expertise to help shape the company’s strategy and support its acceleration into new markets.”

“The Advisory Board will provide an additional layer of expertise in shaping our strategy for growth and expansion,” said Dr Jonathan Pell, CEO of Datanomic. “The value of independent advisors who are working directly in the industries and disciplines we are targeting will be a tremendous asset in ensuring we are aligned with our go-to-market strategy for capturing market share.”

About Datanomic

Datanomic’s flagship enterprise Data Management and Compliance Screening software, dn:Director, helps organisations save money, remain compliant with legislation, streamline business processes, reduce waste and seize more opportunities. The core foundation of all Datanomic’s business solutions, dn:Director’s broad capabilities enable organisations to identify and eradicate problems in customer, financial and product data, improve compliance performance, and better manage business risk. dn:Director allows teams to collaborate on business-critical data issues, across any database, via a central console. Based in Cambridge, UK, Datanomic was founded in 2001. www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com

Compliance screening and data management specialists, Datanomic, today announced that it reached number 375 on the Deloitte Technology Fast 500 EMEA 2009, a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over the five years from 2004 to 2008 inclusive. Datanomic has seen 474 percent revenue growth during this period.

Dr. Jonathan Pell, CEO of Datanomic, commented, “This award recognises our growth over the last five years. This trend has continued into 2009, which has been another extremely rewarding and financially successful year for the company. We have further cemented existing relationships with partners across our network, and are working on bigger plans for 2010 which will see further global expansion, delivering solutions that help customers unlock the value of their data assets and better meet the growing burden of legislation and regulatory compliance reporting. The generation of a holistic single view of an entity continues to be a key driver in almost every sector. To attain – and maintain – such a level of growth demonstrates the caliber of our solutions, which are becoming industry standard in many vertical markets.”

Datanomic now has more than 350 consultants in multiple Systems Integration partners around the world who are trained in, and using, dn:Director, Datanomic’s flagship enterprise Data Management and Compliance Screening software, as a fundamental part of their proof-of-concept activity. The company will continue to aggressively expand its partner network throughout the coming year to keep pace with customer demand. January 2010 will mark the opening of a new office in New York and further expansion of its global sales operations with a move into the Asia-Pacific region.

Technology Fast 500 EMEA selection and qualifications

The Technology Fast 500 list is compiled from Deloitte’s EMEA Technology Fast 50 programs, nominations submitted directly to the Fast 500 and public company database research. To qualify for the Fast 500, entrants must have had 2004 operating revenues of at least €50,000 and 2008 operating revenues of at least €800,000.

Entrants must also be public or private companies headquartered in EMEA and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

For more information about the Technology Fast 500 EMEA and to view the complete list of winners, visit http://www.fast500emea.com/.

About Datanomic

Datanomic’s flagship enterprise Data Management and Compliance Screening software, dn:Director helps organizations save money, remain compliant with legislation, streamline business processes, reduce waste and seize more opportunities. The core foundation of all Datanomic’s business solutions, dn:Director’s broad capabilities enable organizations to identify and eradicate problems in customer, financial and product data, improve compliance performance, and better manage business risk. dn:Director allows teams to collaborate on business-critical data issues, across any database, via a central console. Based in Cambridge, UK, Datanomic was founded in 2001.
www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com

Reducing the instances of False Positives when screening client data against risk registers can reduce costs by as much as 70%, yet few screening solutions provide support for the review of potential matches and even fewer remember the decisions that are made, according to compliance screening and data management specialists, Datanomic.

Every occurrence of a client record matching to a name on a sanction, risk or PEP register has to be investigated by the regulator; the review and research of false positives costs institutions time and manual effort. “Fuzzy” techniques are essential to find inexact matches, but they often produce large numbers of records for review and the vast majority of these will be false positives. With some institutions swamped by the volume of false positives, the temptation to tighten match rules can be irresistible. Whilst this might reduce the immediate pain of so many false positives, it often increases the probability of a more insidious risk, that of false negatives where a genuine threat to the organisation is not identified. Although false positives cost time and effort, false negatives allow criminals access to the financial system and can result in fines for the institution, the individual MLRO, as well as a loss of commercial reputation.

Simon Pearson, Vice President, Compliance Screening at Datanomic commented, “With the correct screening tool, it is possible to reduce the number of False Positives by deploying appropriate matching technology and business rules without letting a false negative slip through the screening process. Fuzzy matching techniques can help to identify matches, but none of them should be used exclusively. Rather, combining them into a match pattern allows for greater precision and accuracy.  We also recommend a rules template to provide a fast start position, but it is essential that firms have the ability to tune the rules for their data and risk profile.”

Whether a review tool is included as part of the screening solution or not, the MLRO must be able to record an audit trail about every manual decision. This should include a note of who made the decision, when it was made, the information they had available from the client data and risk register, plus any supporting notes for their decision. An integrated review tool should incorporate this audit trail in an automated fashion.

The use of multiple identities is common in the criminal world and Al-Qaeda’s own training manual requires its operatives to use false identities to hide their terrorist activities. Exploiting variations of a criminal’s real name is, perhaps, the simplest way of acquiring a new identity. Typical approaches are to use name variations (e.g. Robert using Bob, Bert or Bobby), or switching the order of names so that Thomas Howard becomes Howard Thomas and James Richard Smith becomes Richard James. Other data, such as dates of birth may also be simply manipulated by transposing digits, so that 12/11/1956 becomes 11/12/1965. Commercially available risk registers include known pseudonyms, but MLROs need a reliable way of applying these to their data and the ability to identify manipulated identities that have not previously been recorded.

Industry-leading accuracy and Datanomic’s unique ‘Decision Intelligence’ drive down compliance costs by reducing the burden of false positives by up to 70%. End-to-end data preparation, case management, workflow, auditability and reporting tools ensure that businesses are protected from compliance risk.  

About Datanomic

Datanomic’s holistic approach to delivering fit-for-purpose data and screening accuracy enables its growing list of blue chip clients around the world to achieve a rapid Return on Investment, by exposing and correcting deficiencies in information their businesses rely upon, and by discovering potential regulatory and legislative compliance data issues in line with proactive risk management. Our clients come from a wide spectrum of industries including financial services, telecommunications, government, healthcare, utilities, professional services and engineering.
www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com

Compliance screening and data management specialists, Datanomic, today outlined how financial services organisations are exposing themselves to financial penalties if they fail to recognise the importance of ongoing and systematic client screening. Many companies still believe that ad-hoc screening of its customer base is enough. However, such lack of understanding and irregular practice leaves organisations open to considerable reputational risk and financial penalties associated with a sanctions breach.

Data never remains a static entity as it changes and is dynamic in nature. International Watch Lists are regularly updated and contain the names of hundreds of thousands of individuals that pose a threat – from money laundering offences to terrorism, often operating under an alias. Likewise, the status of a customer may change over time along with the details relating to customer data. As new customers are added and information is updated, the data within a customer base can change dramatically.

“Compromised data exposes organisations to both financial and reputational risk. When you think about a risk management cycle, it’s all about ongoing evolution, change and improvement,” said Simon Pearson, Director of Client Screening for Datanomic. “Worryingly, there are organisations out there that only ever screen their customers infrequently – in some cases only once a year. The practice of only checking customers once when they open an account is irresponsible. There is a real risk that an organisation could be unknowingly harboring or dealing with sanctioned individuals, including terrorists, fraudsters, drug traffickers or money launderers.”

Through the implementation of a systematic and comprehensive screening programme, client data should be regularly screened against global sanctions lists to ensure that any sanctioned individuals or entities in a client base are exposed. A measured and ongoing approach to client screening ensures organisations address their screening responsibilities in line with compliance regulations set out by regulators. It also reduces the possibility of financial penalties that can be levied on those companies that fail to meet their client screening obligations.

Datanomic’s Sanctions & PEP Screening software is currently screening in excess of two billion customer records every month and, as such, is recognized as the platform of choice by two of the top ten global Retail Banks, one of the world’s largest Hedge Funds, one of Europe’s leading Merchant Banks, one of the world’s largest Investment Banks, more than half of the UK’s Top 10 Wealth/Asset Managers, one of the oldest stock broking firms on the London Stock Exchange, and some of the UK’s largest Insurance companies.

About Datanomic

Datanomic’s flagship enterprise Data Management and Compliance Screening software, dn:Director helps organizations save money, remain compliant with legislation, streamline business processes, reduce waste and seize more opportunities. The core foundation of all Datanomic’s business solutions, dn:Director’s broad capabilities enable organizations to identify and eradicate problems in customer, financial and product data, improve compliance performance, and better manage business risk. dn:Director allows teams to collaborate on business-critical data issues, across any database, via a central console. Based in Cambridge, UK, Datanomic was founded in 2001. www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com

Data quality management is critical to customer retention for retail, telecommunications operators and financial services companies with large distributed customer bases, yet it has been largely overlooked by these industries, according to compliance and data management specialists, Datanomic, and South African data quality services provider, InfoBlueprint. Achieving a single view of the customer cannot be achieved without first addressing the fundamental, underlying data issues residing in multiple silos across the enterprise.

In the rush to capture market share and grow their customer bases, many companies overlooked the issue of data quality. This has now resulted in inaccurate, duplicated and outdated information residing in disparate silos of information across the operator’s IT infrastructure.

“Historically, in the race for market share, the telecommunications, retail and financial services industries collected a lot of data on customers with quality largely treated as a secondary after thought,” said Bryn Davies Director of InfoBlueprint. “Now, in the battle for customer retention, operators find themselves dependent on leveraging this data, which they are trying to use in new ways for marketing, cross sell campaigns, segmentation and customer retention. Companies need to know about their customers if they are to retain them. The need for a Single Customer View has never been greater, which is why we are seeing increased demand from telco operators, banks and retail companies looking to address their underlying data issues.”

Data is often generated and entered in multiple locations throughout an organisation and held in discrete, incompatible systems. This disjointed data structure can prevent organisations from being able to gain valuable insight into their operations. Datanomic’s dn:Director for Unified B2C Marketing is an easy-to-use data enhancement tool which allows line-of-business managers (the actual owners of the data) to themselves combine and merge data resources, automatically resolving inconsistencies of format or taxonomy, highlighting gaps or errors in the data, and ultimately enabling them to generate a reliable ‘Single View of the Truth’ against which accurate analysis can be performed.

InfoBlueprint is already working with some Datanomic customers in South Africa to address these vital issues and help tailor effective market segmentation, customer retention and cross selling activities.

Described by industry analysts as “arguably the most flexible data quality product,” Datanomic’s dn:Director provides a single, unified platform that enables both business and IT personnel, such as data stewards, business analysts and owners of data, to identify and rectify compromised data which can place operations at risk. As a single product that encompasses profiling, analysis and transformation, dn:Director enables better understanding, improvement, protection and control of data quality for all types of structured and non-structured, real-time and non-real time information.

About Datanomic

Datanomic’s flagship enterprise Data Management and Compliance Screening software, dn:Director helps organisations save money, remain compliant with legislation, streamline business processes, reduce waste and seize more opportunities. The core foundation of all Datanomic’s business solutions, dn:Director’s broad capabilities enable organisations to identify and eradicate problems in customer, financial and product data, improve compliance performance, and better manage business risk. dn:Director allows teams to collaborate on business-critical data issues, across any database, via a central console. Based in Cambridge, UK, Datanomic was founded in 2001. www.datanomic.com

For further information, please contact:

Jeremy Jones                                                  
Datanomic Ltd       
Tel: +44 (0) 1223 228418                                                                  
Email: jeremy.jones@datanomic.com

Vanessa Land       
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email:vanessa@devonshiremarketing.com