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Tracesmart Corporate Latest News
The latest news from Tracesmartcorporate.co.uk
- Apex Signs up to Tracesmart's Online Debtor Tracing Facility
Apex Credit Management Enlist Tracesmart Corporate to Enhance Tracing Resource
Tracesmart Corporate has been appointed by Apex Credit Management to provide their proprietary data cleansing and online tracing services. The intuitive web based tracing system offers a single source solution, which permits the rapid and confident tracing of gone aways and absconded debtors. The facility will provide Apex with the means to conduct their tracing activities, both efficiently and ethically.
Apex Credit Management is a rapidly growing credit management provider. Headquartered in Stratford-Upon-Avon, the business is focused exclusively upon providing debt management services to the financial services sector; notably early arrears outsourcing, debt collection, debt purchase and tracing services. The company was established in 2000 as a specialist UK based consumer debt collection agency.
Apex recently created a new division, Apex Discovery Solutions, which provides dedicated tracing solutions to the financial services sector. Based in West Malling, Kent, the new enterprise boasts a large team of tracers to fulfil the recent uptake in demand from this sector. Head of Trace is Jamie McGrath, who with over twenty years of experience in the debt recovery and debt purchase sectors has extensive knowledge of tracing and compliance. Commenting on the company’s new partnership with Tracesmart, McGrath remarked, "Forging an alliance with Tracesmart enables us to broaden our data cleansing and tracing services across our client base, which will assist us in our goal of becoming a data led, ethical and compliant trace provider."
Tracesmart is one of the UK's leading data specialists, providing debtor tracing and consumer data services to a vast number of the country's credit management companies. In addition to people tracing, the company also offer identity checks and anti-money laundering services to a varying and growing legion of businesses and industries.
Commenting on the new partnership, Chris Rothwell, Tracesmart's Sales Director remarked, "We are delighted that Jamie and his recently established Apex division have chosen Tracesmart for their tracing and data solutions. Our debtor tracing facility is industry leading; we are confident we can provide increased productivity and efficiencies to any credit management organisation. We look forward to providing a first-rate and cost-effective service to our new partner, Apex."
- Tracesmart launches 2010 Electoral Register
Tracing and data cleansing provider uploads new Electoral Register data
The end of the calendar year is the period when local authorities make available their amassed edited Electoral Registers, and again Tracesmart is at the forefront following the announcement that they have already started incorporating the newly released 2010 data into their extensive catalogue of consumer information. As one of the UKÂ’s leading data specialists, Tracesmart maintains its position and reputation by ensuring the data they hold is the most up-to-date possible, providing their clients with access to the latest information obtainable.
The UK electorate populate two registers which are collated by local authorities. The first is the full Electoral Register, which is utilised to facilitate local and national elections and is also employed by credit reference agencies. The second is the edited Electoral Register which holds the data of those individuals who did not ‘opt-out’ whilst completing their registration form. This list is held in the public domain and is commercially available. Tracesmart utilises this information, along with previously accumulated data, to provide identity checks, Tracesmart Corporate has a diverse and constantly growing legion of companies employing their online facilities to trace people, and verify individuals as part of fraud prevention procedures. Edited Electoral Register records provide indispensable information for both identity checks and tracing exercises, as they contain names and addresses of UK citizens; key information needed to identify or locate an individual.
Commenting on the release of the newly uploaded Electoral Register data, Paul Weathersby, Tracesmart's Technical Director, remarked, "Once again, Tracesmart leads the way in delivering Electoral Register information. We have uploaded millions of new records to our system in a very short period and they are already fully searchable. We pride ourselves on this rapid integration which guarantees our customers early access to the best data available."
Loading of the 2010 edited Electoral Register data into Tracesmart's systems will continue throughout December and January; it is anticipated that the edited register will be fully integrated by the end of January 2010.
- JLT underline benefit of Tracesmart's Existence product
Tracing and mortality screening company enhance JLT's services
Following an assessment of their clients' member screening procedures, JLT Benefit Solutions Ltd (JLT) established the distinct advantages of Tracesmart's Existence checks facility. JLT were one of the first companies to employ Existence Alert in conjunction with Tracesmart's tracing service and are able to quantify fully, the benefits of comprehensive screening and batch pension tracing.
Commenting on the service, Andrew Marson, Head of Administration Consulting, JLT said, "All JLT clients using this service are benefiting from the improvements it brings. A number have saved significant sums of money as a result. Our relationship with Tracesmart is well established."
Tracesmart Corporate provide a broad spectrum of data intelligence services to the financial sector, including a multi-tiered consumer tracing solution utilised by a growing number of FTSE 100 companies. Tracesmart is also one of a small number of companies to receive a weekly feed of current UK Death Registration Information (DRI) from the General Register Office, crucial data which is employed to enhance the mortality screening functions of its anti-fraud services.
Established as the preferred choice within the pension industry for conducting existence checks, Tracesmart's Existence service can boast the vast share of the relevant market. The process utilises DRI, historical death indexes and commercially aggregated mortality data to flag any deaths in the UK, whilst also confirming residency and identifying gone aways. This is carried out on a continual basis, permitting appropriate action to be taken to mitigate risk at the earliest possible moment.
Remarking on Existence and his company's performance within the pension sector, Tracesmart's Managing Director, Mike Trezise remarked, "Tracesmart's combined existence checks and tracing services are industry leading. We are the principal player in this market now because we essentially understand the needs of the sector. As JLT has confirmed, our existence service delivers significant advantages. The process appreciably benefits all concerned, except that is, the fraudster."
- Identity Checks Supplier Continues to Expand
Tracesmart to recruit new staff to meet customer needs
Leading suppliers of identity checks and anti-money laundering services, Tracesmart, are to expand their workforce which will help manage the increasing demand for their services. The expansion will specifically involve the administration, sales and IT teams.
Tracesmart is currently active in a number of industries however the key B2B markets in which it operates include pensions and debt collection. Both these sectors use the company's data cleansing and consumer location services to trace people in order to re-establish contact. The pensions industry further utilises Tracesmart's Existence suite of services which can be used to identify scheme