Data Validation Services FAQs
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Data validation is an essential part of any data handling task whether you’re collecting the data, analyzing data, or preparing to present data to stakeholders. If your data isn’t accurate from the start, your ongoing decisions won’t be correct either. That’s why it’s necessary to verify and validate data before it is used.
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Validating the accuracy, clarity, and details of data is necessary to mitigate any business processing errors. Without validating the data, you run the risk of making business decisions on data that are not accurately representative of the situation at hand.
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Data validation services are designed primarily for institutions that might lack the most sophisticated tools for providing robust responses to fraud threats or reacting in the event of fraudulent activity. They are very useful for businesses that want a second human validation on top of their existing automated data validation platform.
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Data validation services are a secondary control to help further verify and understand business data activity. Business units such as accounts payable and compliance & fraud prevention teams can benefit greatly from these services.
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If you are already using our CapturePoint platform, very little is required to begin. Our data validation services are designed to be hands off and there is minimal customer configuration. Following receipt of any data, our human data validation team will manually verify the data and provide the processed data directly back into your platform.
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Please contact or book a meeting with our sales team for details on pricing.