 |
| Dun & Bradstreet Credit Bureau Tanzania General Manager, Junaid Malik. |
- Automated data submissions streamline organizational workflows, reduce errors, and ensure compliance with Bank of Tanzania data submission regulations.
Speaking in Dar es Salaam while announcing the launch of the EDX Tool kit, Dun & Bradstreet Credit Bureau Tanzania General Manager Junaid Malik said ‘Technology is a key enabler for banks and other financial services institutions. However implementation of technology in the sector has led to rising data volumes, data management issues, and increasing demands for data from regulators. EDX automates data submission so financial services institutions can comply with Bank of Tanzania requirements".
Malik added ‘We have automated the entire data submissions workflow and now there is no need to add cost on resources and technology spend to ensure compliance around data submission anymore. You can extract data from multiple resources, embed customized business rules, and create output results in any required format as per Bank of Tanzania requirements, all with a secure, easy to manage, and technology agnostic tool."
He said that EDX, once configured, takes care of data submissions without any manual intervention. Dun & Bradstreet Credit Bureau Tanzania's consultants assist with that one-time configuration. The tool validates data to ensure data integrity and has a powerful dashboard for user management and generating in-depth reports. These features allow administrators to assess the health of the data submission workflow and control and amend data sources, data mapping, validation rules, transformation rules, destination format, and endpoint as needed.
Malik said that the EDX Tool kit minimize environment and support maintenance costs to more than 75%, it is easy and fast configuration completed in an average of three weeks and has low and high-end infrastructure supported by micro services, containerized environment like Kubernetes.
‘Our tool will also help in accessing multiple data sources (multiple input formats to transform-validate-publish to any destination platform), reduce human intervention by more than 90%, providing real-time information access through access online dashboards and turn-around time is reduced by up to 85%, said Malik adding that the EDX tool kit can also complete data management lifecycle (extraction, transformation, validation, error correction and publication.
Malik named other benefits of the EDX tool kit as securing web and Web-API environment and increasing high-performance solution designed for varied business usage, with a user-friendly, highly configurable user interface.
EDX is available for purchase now from Dun & Bradstreet Credit Bureau Tanzania Limited. For further enquiries please reach out to your respective account manager at D&B or contact us on +255 222 135 445.
About Dun & Bradstreet Credit Bureau Tanzania Limited
Dun & Bradstreet Credit Bureau Tanzania Limited was incorporated in the United Republic of Tanzania in 2012. It was awarded a license by the Bank of Tanzania and launched operations in 2013. It is playing a pivotal role in developing the financial infrastructure of Tanzania by creating a transparent and efficient credit information system. Dun & Bradstreet Credit Bureau Tanzania Limited provides risk management capabilities to lenders, facilitates information-based lending, accelerates their decision-making speed to provide access to finance to eligible companies and individuals, and augments growth opportunities for the entire Tanzanian economy.
No comments:
Post a Comment