Magnum equips you to demonstrate compliance in your decision and origination process. We give you the ability to manage and control your strategies and tools to meet and exceed the compliance regulations.
The need to meet government consumer data processing requirements has never been greater. Regulations today include the Data Protection Act and requirements from the Financial Services Authority (FSA) to "know your customer". As regulations like Sarbanes-Oxley and Basel II continue to be enforced on companies that are conducting business in an international market, each with their own unique rules, compliance is increasingly a vital issue.
Magnum is one of the leading providers of decision management and workflow system for some of the largest lenders in the world. With Magnum, you will benefit from:
• Controlled and regulated business processes
• Automation of decision rules and exceptions
• Full documentation of the decision results and causes
• Complete access to all major watch lists, OFAC screening, and ID fraud sources
• Full control of the process by the business staff, no vendor or IT intervention required
• Full audit trail for compliance officers, regulators, and customers
A business rules approach to decision automation can reduce costs and improve both actual compliance and the ability to demonstrate it by making the rules you follow easier to read, easier to enforce and easier to check. Let Magnum help you achieve the cost-effective compliance process you need to protect your business.
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