Data Matching & Accuracy
Veda Advantage’s matching capabilities are the strongest and most accurate in the market, reducing risk for customers and individuals alike.
Accurate matching is the core skill of an effective bureau. Matching is a process used to find the correct candidate as the result of a credit enquiry. In Australia, bureau matching uses a combination of non-unique identifiers including name, date of birth, addresses and drivers licence numbers to swiftly and accurately identify an individual.
In matching, it’s important to note that a high match rate by itself is not what’s important. An accurate match is what is important. Loose match rules (to gain higher match rates) can expose customers and individuals to a range of serious issues associated with matching incorrectly. Veda Advantage protects all parties by providing highly accurate matching.
Veda Advantage’s matching capability is the most reliable in the market and is strengthened by an intimate knowledge and understanding of the Australian and New Zealand markets. Our matching algorithms are sophisticated and accurate, using state-of-the-art string, numeric and phonetic comparators. We apply a process of continuous measurement and improvement to our matching techniques and our error rates are extremely low.
Our matching techniques are designed to find the right result despite minor variances in input data. Where an individual uses two or more sets of identity details to obtain credit, we will hold a file for each identity and link them via a cross-reference segment. We have the capability to locate and cross-reference new identities online and in real time.
Cross-referencing ensures that credit providers can make informed decisions based upon the complete set of credit history and identity information about an individual.
Veda Advantage are the data aggregation specialists. We are uniquely positioned to give insights into the company, the people behind the company and individuals.