Contact Information: Media Contacts: USA: Michael Antonellis Harte-Hanks Trillium Software (978) 439-3813 michael_antonellis@trilliumsoftware.com UK and Europe: Derek Harris Harris Communications + 44 (0) 1395 516 613 derek@harriscomms.com
Harte-Hanks(R) Trillium Software Delivers Data Intelligence & Governance (DIG) Solution for Credit Risk and Compliance
New DIG Solution Combines Powerful Data Management Technology With Targeted Financial and Governance Services Expertise to Help Organizations Create Data Transparency and Provably Correct Processes for Risk and Compliance Information Management
| Source: Trillium Software
BILLERICA, MA--(Marketwire - November 19, 2008) - Trillium
Software®, a business of Harte-Hanks, Inc. (NYSE : HHS ) and a leading
enabler of Total Data Quality™ solutions, today delivered its Data
Intelligence & Governance (DIG)™ solution specifically for the
financial services and insurance industries and compliance market. The
solution is a combination of powerful data analysis, data quality and
reporting software technology -- based on the industry-leading Trillium
Software System® -- with very targeted, packaged financial and governance
consulting services provided by Trillium Software. The DIG solution is
aimed at helping banking and loan institutions, investment organizations
and insurance companies validate information data, enabling executives,
business users and data stewards to help achieve more efficient, auditable
processes for governance, risk mitigation and compliance (GRC) assurance.
"In light of recent problems in the financial services industry, it is
critical for lending and investment institutions to better understand how
information and data quality impacts their businesses, especially since
they may be required to provide increasing levels of visibility and clarity
about their data management and business processes," said Philip Howard,
research director at Bloor Research. "These organizations will continue to
strive to deliver trusted data to their constituencies, and should consider
turning to organizations such as Trillium Software for expertise and
knowledge of how data quality can improve their business processes around
credit risk assessment and governance."
Data problems such as missing or inaccurate data, faulty information,
multiple or siloed loan systems, and audit failures or process breakdowns
can lead to risk exposure and governance decay. DIG provides a set of
services and software focused on financial data and risk management that
enables business users, risk managers, data stewards and information
technology professionals to better understand and derive contextual data
quality, or "data intelligence," from multiple data sources and databases.
In this way, the solution includes built-in intelligence for and about the
financial services industry to improve data validation, rules compliance,
and business processes germane to the financial and insurance industries.
It creates a collaborative technology framework with tools such as
electronic scorecards, reports, and graphs for enabling data transparency
and provably correct processes for critical data management and governance
goals -- mitigating credit or business risks and improving data reporting.
"Banks and lending institutions face the challenge of regaining stability
and proving that the data supporting their risk positions is correct and
accurate, thereby reducing uncertainty in their lending risk assessments
and processes," said John Nicoli, managing director at Trillium Software.
"By utilizing our DIG solution with its built-in data intelligence, these
organizations can achieve transparent, provably correct validation methods
in order to promote compliance with government and legislation requirements
and re-establish trust in the data that these organizations rely on for
their business goals."
DIG integrates the Trillium Software System for data quality management, TS
Insight reporting product, and data governance and strategic services based
on more than 20 years of financial services and data quality expertise.
Trillium Software customers are already realizing important benefits from
utilizing DIG within their organizations. DIG has helped early users
achieve unified data across the enterprise, validate information for risk
managers, re-write and test business rules for compliance, and validate
data for risk models. As a result, these organizations reduced capital
reserves, limited potentially adverse events that could take a toll on
stock price or asset management, achieved enhanced compliance assurance,
and created more efficient and auditable processes that satisfy executives,
managers, and stockholders alike.
The Trillium Software DIG solution is currently available. For more
information please contact Trillium Software Global Sales at +1 (978)
436-8900 or e-mail at trilliumsoftware@trilliumsoftware.com. For our
latest white paper on enabling provably correct data for confident
financial risk management and reporting, click on Web site link:
http://www.trilliumsoftware.com/success/digwp/.
About Harte-Hanks
Harte-Hanks is a worldwide direct and targeted marketing company that
provides marketing services and shopper advertising opportunities to local,
regional, national and international consumer and business-to-business
marketers. Visit the Harte-Hanks Web site at http://www.harte-hanks.com or
call (800) 456-9748.
Harte-Hanks Trillium Software enables organizations to achieve Total Data
Quality by providing a full complement of technologies and services
providing global data profiling, data cleansing, enhancement, and data
linking for e-business, customer relationship management, enterprise
resource planning, supply chain management, data warehouse, and other
enterprise applications. For more information about Trillium Software and
its offerings, call (978) 436-8900 in the United States and in the United
Kingdom call +44 (0) 118 940 7666, or visit Trillium Software online at
http://www.trilliumsoftware.com.
This document may contain trademarks that are owned or licensed by
Harte-Hanks, Inc. and its subsidiaries, including, without limitation,
Harte-Hanks, Trillium Software, Trillium Software System, Total Data
Quality and other names and marks. All other brand names, product names,
or trademarks belong to their respective holders.