Screening hubs are now an established and business-critical feature of any modern day financial institution. They are an integral part of the operational structure of organisations, crunching the numbers infinitely faster than us humans ever could.
What’s important is that screening solutions offer real time business benefits. Financial institutions need access to instant, accurate results. It’s all about ensuring the right technology is in place – technology that is flexible, scalable and reliable. Institutions need to keep abreast of the latest technology and screening solutions available to them.
Having the right infrastructure is key. Screening systems need to have strong processing power in order to process all checks in milliseconds. The systems need to operate at the heart of any organisation’s business functions and be connected to all the data streams. Because of the huge amounts of data that now have to be processed and the potential for sudden spikes in demand, screening hubs should run on high-availability clustered platforms. This allows them to spread the computing load and gives them scalability to manage significant and sudden increases in volume. Businesses simply cannot afford to suffer blips in their systems because demand has exceeded processing capabilities.
The current global trend towards virtualization means that there is another layer of flexibility to these architectures.
What’s next? We’ve talked about challenges facing organisations at the moment. Now, the next few posts look at current trends and innovations in identity matching, starting with the issue of safe automated decisions – how far can we enable and trust robots to take care of the decision making process?
Also in our series on identity matching