|By PR Newswire||
|February 3, 2014 11:00 PM EST||
PITTSBURGH and MANHEIM, Germany, Feb. 3, 2014 /PRNewswire/ -- Fin-Scan GmbH, a member of the Innovative Group headquartered in Pittsburgh, PA announced the opening of its office in Manheim, Germany and its hosting facility in Frankfurt. The new facilities were developed to provide services to Fin-Scan's rapidly growing European client base, and they complement the Group's other facilities in Pittsburgh, Cayman Islands, Canada, and London, UK. Fin-Scan is a German registered company offering clients the protection of German data privacy laws.
The Innovative Group has been serving Europe's leading financial and insurance institutions, gaming organizations, charities, and other industries for more than 25 years. Client concerns regarding customer privacy drove the decision to open the new facility in Frankfurt, where clients are provided the protection of German rules and regulations.
With the new data center, European clients have the option of secure Software as a Service (SaaS), or "hosted," processing for the Innovative Group's five business lines: Data Quality, Master Data Management (MDM), Data Discovery and Profiling, Address Validation, and, especially, customer-focused sanctions and Politically Exposed Persons (PEP) list screening to meet the requirements of the Third EU Directive.
"Facing government compliance mandates, many European firms are interested in a proven solution that offers ease of implementation and is cost-effective," explained Michael Ott, Innovative's senior vice president. "Our Fin-Scan Hosted PEP and sanctions screening solution has been used by clients since 1998 and utilizes best practices developed over years of experience. Clients can now choose from any of our sites to transmit their data. They can license solutions or use the Internet to reach secure servers to match their customers against their preferred sanctions or PEP database, using matching parameters they define. All suspect 'hits' are returned to them in a case management tool for review."
Clients are able to tune Innovative's software to meet their definition of quality. Innovative's professional services group assists in the set up process so that production can be done on demand and data is returned in the matter specified by the client. Compared to the traditional model of licensing and operating software solutions in-house, Innovative's hosted processing significantly reduces the client's investment as well as the ongoing demands on their internal personnel and hardware resources.
"We're very pleased to provide our European clients with the added service and security offered by our Frankfurt data center," said Bob Colonna, Innovative Group's president and CEO. "Having a secure data center in Germany protected by EU data privacy laws enables us to offer European organizations the valuable option of hosted processing to meet their data quality and PEP screening needs."
About the Innovative Group
The Innovative Group is a global leader in the development and delivery of high-performance enterprise data management solutions to organizations whose success depends on a complete and accurate understanding of their customers. The Company's offerings include software and services for Data Quality; advanced Data Discovery and Data Management; Address Validation and Geocoding for mainframe and open systems; MDM; Data Governance; Sanctions and PEP List Screening, CIP/KYC programs, and document verification; and specific-purpose business support applications to reduce credit losses, identify better prospects, improve customer service, better align service channels to customer value and more.
Since 1968, the Innovative Group has set the standard for designing and managing customer-centric projects, having created thousands of customer databases utilizing the firm's data models, consulting services, and data quality software.
The Innovative Group has its global headquarters in Pittsburgh, Pennsylvania, EMEA headquarters in London, additional sites in Germany, Canada, and the Cayman Islands, and representatives in Mexico, Brazil, Colombia, the Netherlands, Norway, and South Africa. Its software supports Windows, UNIX, and IBM operating systems. Its screens can easily be adapted to any language, and its software supports Unicode. Innovative's cloud-based solutions are used in more than 40 countries and process over eleven billion customer records annually. www.innovativesystems.com.
Fin-Scan helps organizations of all sizes comply with the anti-money laundering and anti-terrorism mandates of the 3rd EU Directive and other UK and international regulations by providing powerful, yet cost-effective, solutions for screening any volume of records – from several million to individual ad hoc checks. Utilizing the world-class data quality and data matching capabilities that are the cornerstone of all Innovative products and services, Fin-Scan facilitates the efficient and accurate screening of large volumes of records with very precise, user configurable rules for flagging suspicious records. It integrates smoothly with all third-party PEP databases, facilitates client onboarding, provides lists and 24/7/365 list management services, and helps ensure the accuracy and validity of SWIFT and other payment transaction processing. Fin-Scan's flexible delivery options include licensed or Software as a Service (including web services), desktop, and appliance. www.finscan.com.
SOURCE The Innovative Group
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 26, 2015 12:00 AM EST Reads: 147
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Nov. 26, 2015 12:00 AM EST Reads: 276
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Nov. 26, 2015 12:00 AM EST Reads: 515
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Nov. 26, 2015 12:00 AM EST Reads: 478
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Nov. 25, 2015 10:00 PM EST Reads: 389
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Nov. 25, 2015 10:00 PM EST Reads: 341
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 25, 2015 09:00 PM EST Reads: 362
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Nov. 25, 2015 08:30 PM EST Reads: 365
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at Built.io, examined how Docker has evolved into a highly effective tool for application del...
Nov. 25, 2015 05:00 PM EST Reads: 301
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 25, 2015 03:45 PM EST
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Nov. 25, 2015 02:45 PM EST Reads: 493
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
Nov. 25, 2015 02:30 PM EST Reads: 506
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Nov. 25, 2015 02:15 PM EST Reads: 424
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 25, 2015 02:00 PM EST Reads: 353
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
Nov. 25, 2015 01:45 PM EST