Starting May 25th 2018; you must be able to prove compliance with European privacy regulations (AVG/GDPR) at any time. If you are not able to show that you are in control, you risk fines, reputation damage and possibly a loss of your license to operate.
These risks are easily prevented by means of innovative SynerScope technology. Use our platform to find all relevant data, either structured or unstructured and open it up for control, data government and maintainability. This way you are immediately able to become GDPR compliant.
All banks are required to perform different kinds of customer investigations for various reasons. Know Your Customer (KYC), Customer Due Diligence (CDD), Periodic Due Diligence (PDD) and Anti Money Laundering (AML) are just some of the typical, and to a large extend manual processes.
To keep costs in check SynerScope delivers a better triage that reduces the number of files to be inspected. This will significantly lower the cycle time of the individual client files from 4 hours to 20 minutes per file.
Regulators are starting to focus on bringing substantially more customers under review, driving the need for improving economics with SynerScope.
For a CDD review, multiple sources of reliable and recent information are needed and investigators are asked to review it for particular areas of risk.
SynerScope’s software solution automates the locating and knowing of your privacy sensitive data. We provide a solution that also brings transparency to all your unstructured and dark data. Where other solutions take months we bring clarity within days.
We can help you be compliant with GDPR without having to replace your critical existing automation, by analyzing and assessing your whole data lake of structured and unstructured data.
SynerScope, a high-tech Dutch software company, turns Dark Data into Bright Data, ready to be used by humans combined with machine intelligence for extracting information and value. Our three main solutions Ixivault™, Ixiwa™ and Iximeer™ are designed to handle any type of data in any combination, fast and flexible. Unstructured text, image and IoT data can easily be linked with structured data from ERP, CRM and other operational systems. To facilitate widespread secure and safe working with the data, we support the (self) publishing of data to analytic processes (human-machine) under full linkage to the Data Protection Impact Assessment (DPIA) requirements.
5268 CA Helvoirt