SafeDeposit
Ensure you are maintaining high quality and accurate SCV files for your financial organisation
The challenge
The Deposit Guarantee Scheme Directive (DGSD) requires banks and building societies to keep track of their customer deposits so that, in the event of financial failure, individuals can have access to their funds quickly. To make sure banks are always ready to comply with this, the regulators can request proof at any time in the form of Single Customer View (SCV) files.
Producing these files on demand can be challenging. Banks have large data sets to process and submit, and it’s difficult to know whether the files produced are accurate, complete and compliant. This is why we developed SafeDeposit. It helps banks to have the right data in the right format for each customer so whenever they receive a request from the regulator (FSCS and PRA), they’ll be ready.
SafeDeposit is able to interrogate your SCV or Exclusion file; testing for non-compliance with the rules and identifying any issues with data integrity and data quality. It provides detailed reporting of any issues identified, so you can adjust your systems and data on your own terms; giving you confidence in the accuracy and compliance of your files.
Features
Detailed analysis with over 200 tests
Detailed record level results by test
10 years of industry knowledge incorporated
Key field summaries
Priority summary of test results
Quick and easy to use
Secure data handling
Choice of delivery methods to suit your needs
Two data transfer methods
How it works
Submit your SCV files
To start SafeDeposit, simply submit your SCV and Exclusion files via a secure transfer method or on site.
Test the files for compliance, integrity and data quality
We’ll run a complete health-check of your files compliance, integrity and data quality, producing user-friendly reports with detailed analysis of results.
Turn the results into insight and action
Once the tests are complete, our team of subject matter experts will run a workshop with you to help you understand your results and next steps.
Save money every 12 months
For every subsequent health-check within a 12 month period, returning customers will receive a discount on the price.
Request a demo
Get in touch to see how SafeDeposit can help your business stay compliant
Get in touch