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The quality of reports and instructions varies a lot between the various banks, companies and cultures. Fides believes this shouldn’t bother you. That’s why we validate the received data before loading them to our database or processing them. We check the data integrity, do plausibility checks and repair obvious errors. It is our objective to deliver only data which you or your bank can trustworthy work with.
The devil is in the detail. Even when financial communities have agreed on a common format, the business rules for individual format fields often vary from bank to bank. We believe this shouldn’t bother you either. That’s why we offer various data enrichment and repair services. We have Service Level Agreements with over 200 banks around the world, which cover definitions of the requested formats. We also enable conversions from so-called “rich” to “poor” formats and vice versa.
Do you want to find out more about our validation, repair and enrichment services, please contact us.