Tracesmart reaches milestone with death data
Mortality screening capabilities extended within consumer data business
Cardiff based data specialist, Tracesmart has reached a significant milestone for its accumulated wealth of UK mortality records. The company recently hit 3 million records within its Disclosure of Death Registration Information (DDRI) and 8 million records within its Halo database. The information is used in conjunction with the 18 million General Register Office (GRO) records from 1976 to 2006 previously amassed to help its clients mitigate fraud and further retained within its 'know your customer' solutions.
Tracesmart has, since its inception in 1999, aggregated innumerable volumes of consumer data, which is securely stored and applied to deliver a range of powerful and authoritative data solutions. The information can be used to improve the integrity of data held by Tracesmart's clients.
Mortality screening can be employed as part of a data cleansing process, to highlight within a database, the records of individuals that have died. This procedure is increasingly used by businesses and organisations in their battle against fraud and as part of their due diligence procedures.
Both DDRI and Halo are pivotal databases that are used within a mortality screening process. The DDRI data originates from a scheme launched in January 2008 to provide licensees with a weekly feed of electronic files of deaths registered in the UK as supplied by the Registrars General for England and Wales, Scotland and Northern Ireland. The data has been collected from January 2007 and covers the entire UK and can only be accessed by approved organisations and for reasons permitted by law; its purpose is prevention, detection, investigation and prosecution of offences. Tracesmart was one of the first organisations to receive the data and continues to be one of a limited number of companies to be given access to the weekly update of approximately 12,000 deaths.
Halo contains information compiled since 1989 from probate and funeral records, insurance companies and deceased preference services.
Tracesmart has long established itself as one of the UK's leading consumer data specialists and employs DDRI and Halo data in its electronic identity verification and mortality screening services within for example, its pension products. Commenting on the company's recent milestone, Mike Trezise, Tracesmart's founder and Managing Director said, "We aim to deliver the best products and services in our industry. Our customers are accustomed to quality data, past and present, which is why we have accumulated a vast amount of information and why we will continue to do so. It's vital that we provide the best tools to counteract the increasing level of deception perpetrated by criminals within the financial industries, especially impersonation of deceased, a fraud that has rapidly grown over recent years."