Data Quality Experts Partner with Experian to Tackle the Rise of UK Financial Crime.

DQ Global

DQ GlobalA desire to reduce the risk of financial crime is behind an exciting new partnership between leading CRM data quality experts DQ Global and Experian, the global information services company. The collaboration will provide clients easy to use solutions, to prevent the risk of UK financial crime (FinCrime), thanks to the integration of Experian!s KYC data with DQ Global’s suite of no-code fintech products. In turn, this allows FCA-regulated organizations to mitigate financial crime and achieve compliance.

Through this strategic partnership, Experian and DQ Global have launched DQ Compliance, a joint solution that enables the power of Experian’s FinCrime data to be used within clients’ own data ecosystems. The solutions enable a robust view of businesses, what they do, and the people behind them to help understand the compliance risk quickly.

Financial crime has risen significantly in recent years, with 2-5% of Global GDP estimated to be from money laundering. Fines totaling £10.8 billion due to FinCrime were handed out in 2020 and money laundering is estimated to cost the UK more than £111 billion a year. Recognizing the importance of combatting illicit financial activity, Experian and DQ Global have combined the former’s incredible data utilization and capabilities into the latter’s innovative Microsoft product suite.

Speaking about the partnership, Experian’s director of FinCrime Market Engagement Grant MacDonald said: “This is incredibly exciting and will transform the accessibility and speed of SMEs detecting and mitigating the impacts of financial crime resulting from incomplete, inconsistent, and incorrect customer data.”

Martin Doyle, CEO and founder of DQ Global, added: “We are excited to tackle the rise in financial crime through our combined forces with Experian and look forward to using our new DQ Compliance solution to help clients reduce costs and FinCrime risks.”

 

About DQ Global

DQ Global is an award-winning software company with over 25 years of experience in Customer Data Quality Improvement. We are committed to providing excellent software solutions and ensuring the highest quality customer experience. Specializing in, secure, future-proof, easy-to-use solutions to help businesses make better-informed business decisions.

Back in the 1990s in the heart of the dot-com boom, our founder Martin Doyle identified that poor data quality was the number one bottleneck for the adoption of the emerging customer/contact management technologies. We have been at the forefront ever since.

Our mission is to empower organizations worldwide to achieve more with their customer data.

Learn more at www.dqglobal.co.uk.

 

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses make smarter decisions and thrive, lenders lend more responsibly, and organizations to prevent identity fraud and crime.

We have 20,600 people operating across 43 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) as a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

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