Data Cruncher 24c: Simplified reporting analysis

Security through the automated analysis of mass data

The conflicting demands of requests for information from the authorities authorised to make enquiries, internal and external audits, internal bank requirements for customer master data, partly manual data entry and heterogeneous system landscapes result in a high additional effort for operational units, compliance and auditing. Here, the necessity of effort- and cost-efficient control actions to check the data quality is of particular importance.

Benefits

More efficient analysis

The automated analysis of mass data (no random sampling) significantly increases the data quality and reduces the costs and efforts of the audit.

50+

In use at over 50 credit institutions

The Data Cruncher 24c has already been used successfully many times. This gives you a meaningful benchmark comparison from us.

3 in 1

Control, KYC process and audit

Various advantages within the framework of control actions and remediation projects of the compliance function as well as in the digital audit approach of the internal audit. By drawing conclusions from KYC data, you can achieve synergy effects, e.g. on the identification of beneficial owners.

Four steps to increase data quality

The use of Data Cruncher 24c starts with the collection of framework and raw data and enables the analysis of detailed results and the derivation of concrete measures to increase data quality.

Before using Data Cruncher 24c, we usually conduct a scoping meeting to determine all relevant framework conditions. In this way, the data set to be analysed can be specifically adapted to your needs. Subsequently, we read the data sets into the Data Cruncher 24c.

01Collection of framework conditions and raw data

In the Spotlight

Increase efficiency

The tool-based preparation of data makes it possible to achieve regulatory certainty with optimal time efficiency.

Data quality

By applying our review logic to your data records subject to reporting under Section 24c KWG, conclusions can be drawn about the quality of the KYC data and possible areas for action can be identified.

Avoidance of fines

Fines of up to €200,000 are imposed for violations of the requirements of § 24c KWG. We prepare your institution optimally with regard to the increased special audits by the supervisory authority

Pricing

First indication

We provide an initial indication for the assessment of the procedure free of charge.

Initial indication for the assessment of the procedure
Individual advice

Free of charge

Reporting data analysis

Tailor-made reporting data analysis
Price depends on data volume and data complexity

From €9,500

per reported data analysis