Digital Matrix Systems: 'Single Source of Truth' for Quality Decision Making

Today, the global banking space touts solutions and ideas with BI, machine learning, AI, and Blockchain that enhance interactions and business decision making. While the best buzzwords are in play, the question that continues to saddle CIOs is “How to identify the exact requirements in the data landscape.” In tandem, the growing reliance on electronic data and emerging fintech have presented major concerns regarding security and resilience. To address these challenges, for over 35 years Digital Matrix Systems (DMS) has provided comprehensive risk management solutions that enable financial institutions to leverage the power of data and make better-informed business decisions. Having over 700 clients across multiple verticals, DMS is dedicated to offer data access, advanced analytics, scoring models, comprehensive consulting services and strategic solutions to the banking and financial services industry. “We are committed to building easy integrations across the enterprise, making each client’s journey through their consumer’s risk lifecycle simple and more profitable,” explains David McGough, CEO and President of Digital Matrix Systems.

McGough believes in the fact that “Knowledge is power and timing is everything.” To provide clients with the right data at the right time, DMS facilitates access to a hub of over 40 key data sources known as Data Access Point. This centralized location enables banks and lending institutions to manage data access and perform analytics. Data Access Point also acts as an interface between multiple lines of business, loan origination systems, and external data sources. With the help of a centralized data repository, banks can perform analytics that can be shared across the enterprise, at any point in the customer lifecycle. To improve data-driven decision making, DMS is continually reviewing new data sources to help clients quantify the value data brings to their business.