Monad Solutions partner with GBG

Monad Solutions partner with GBG to deliver Digital Transformation capability by combining world-class Identity Verification and People Screening solutions with Oracle Policy Automation

 

Monad Solutions and GBG have established a partnership which will blend the unique capabilities of Oracle Policy Automation (OPA) with GBG’s world leading technology to support the digital transformation of both staff and customer onboarding processes.

 

Integrating with existing or future HR, CRM and case management systems, OPA enables the gathering of data from business systems to create a personalised online interview for completion of the information required. OPA can then initiate a real-time call to the GBG platforms using the captured data. Results from the GBG platform then input back into the business rules defined in OPA to determine the actions required to complete the customer or staff evaluation process.

 

GBG brings together data relating to the identities of nearly 4.5 billion people. This “identity data intelligence” helps organisations make good decisions about people, when managing risk, fighting fraud, capturing and managing personal data, and considering whether or not someone is suitable for employment. The Group’s solutions have applications globally and are delivered to over 6,000 organisations in more than 70 countries. Identity data intelligence is key to many of the areas where OPA is traditionally deployed such as HR self-service and Customer onboarding – this integrated solution will deliver true value to the customers Monad Solutions serves.

 

Matthew Furneaux, Global Commercial Director, GBG said: “With this, the first implementation of GBG’s identity verification and background screening technologies into OPA, Monad Solutions are leading the way. GBG has a history of building strong relationships with partners across a number of our products and services and this is a great example of how we innovate with international experts in their field.”

Louise Doherty, EMEA Managing Director, Monad Solutions said: “We are very excited to be bringing together the killer combination of OPA and GBG to the market. GBG are leaders in their field and we look forward to working together to support our customers in their Digital Transformation activities.”

 

About GBG

GBG is a global specialist in Identity Data Intelligence. We help organisations make decisions about the customers they serve and the people they employ.

Through our fundamental belief that the digital economy relies on everyone having access to data they can trust, GBG enables companies and governments to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in our society.

Headquartered in Chester (UK) and with 24 locations in 15 countries, GBG provides solutions to many of the world’s biggest organisations, from established brands like HSBC and IBM to disruptive newcomers such as Stripe and Xpress Money.

Find out more about how we use identity intelligently by visiting global.gbgplc.com and following us on Twitter @GBGplc

 

About Monad Solutions

Monad Solutions is a world leader in Oracle Policy Automation (OPA) and its application within CX, CRM, HR, and ERP, with a current focus on IoT. As an Oracle Platinum Partner, they are experts in integrating OPA with a wide variety of technologies and have a strong track record in project delivery.

Find out more about our offerings by visiting www.monadsolutions.com and following us on twitter @MonadSolutions

Survey reports that regulations and their implementation are a major concern for compliance workforces globally

 

nasdaq

Survey reports that regulations and their implementation are a major concern for compliance workforces globally.

The recently released NASDAQ Global Compliance Survey noted that over the past year there has been a significant focus on compliance, resulting in hefty increases in compliance spending, resources and staff worldwide. About half of respondents state that their budgets have increased nearly 25%, a big increase when compared to an average increase of 10-15% per year.

Compliance has moved from a traditionally back-office function to a high priority for global firms.  Supporting that, 35% of Chief Compliance Officers now report directly to the Chief Executive Officer.

The growing focus on the compliance function is being driven by an increase in global and regional regulations. Regulations continue to be a major concern for compliance personnel globally, with more frequent compliance policy updates and increasingly automated monitoring processes.

It states that as the trading landscape evolves, explicit policies surrounding monitoring are required, as well as automated compliance technologies. Most compliance departments update policies on a regular basis, and most of those update policies every year.

You can read the complete Survey here.

Having worked in the banking and public sector compliance industry for many years, Monad has experienced that increase in compliance focus. However, we believe there is still a lack of appreciation of the level of compliance required. Ensuring you remain off the front pages for aiding and abetting crime or terrorism is one thing, but that may not keep your organisation from being prosecuted for non-compliance. Compliance organisations increasingly demand auditable processes be in place to ensure consistent compliance. For example, in identifying Politically Exposed Persons (PEPs), Australian regulations demand that you have a process in place to identify PEPs, with evidence that it is being used. The actual evidence of a crime is not required for regulators such as AUSTRAC (and other global organisations) to be interested in your business.

Monad has invested significantly to meet this need, on the back of a number of banking compliance automation engagements. For more information on Monad’s compliance solution visit bureaucrat.co.

 

Monad partners with Solirius Consulting

Monad Solutions and Solirius Consulting have formed a strategic partnership. Both organisations have developed a reputation for excellence in technical consultancy and application development. Now with the ability to draw on expertise from a wider group, each company is now in a position to better meet the ever changing needs of their customers.

New Project In Australia

Monad Solutions has entered into an agreement with an agency of the Australian Government to deliver an end-to-end, standalone OPA determination system to determine eligibility for specific benefits.
The work will be led by Senior Consultant Lindsey Crowe and supported by Monad’s global network of OPA experts.

OPA in Indonesia

Monad’s Michael Fairweather is in Jakarta working with local partner Phincon to determine how the country’s government social insurance agency can make the most of OPA. This is Indonesia’s first ever OPA implementation and Monad is proud to be part of this chapter in history.