Garbage in. Garbage out. Ask anyone who's been involved in the implementation and support of a compliance or fraud detection solutions and they will tell you that the biggest barrier to getting good results is getting the data right.

And data quality is only a specific example of one of the most critical and often overlooked part of deploying and maintaining a risk management capability. Whether it's a fraud detection solution, an AML surveillance platform, or a trading compliance package, understanding exactly what the application is going to do once it is up and running is the key to a successful deployment.

How many alerts is it going to generate? What happens when a key source of transactions goes down? Is the rule logic going to provide the results that we expect it to do? Are we sure that every transaction we need to monitor for risk is getting into and through the system? What happens when we get 50 users on the system? What about 150?

Based on our experience on 100s of compliance and fraud detection implementations, testing and quality assurance are a core focus for our professional and application services teams. Under tight deadlines - whether driven by budget, business or regulatory constraints - testing is the first thing that gets cut from any implementation plan. To address this issue, Exzac has developed a set of proprietary technology and process-based services to make sure testing and QA is fast, complete, fully documented and low cost.

Exzac testing offering include a range of methodology and technology based services:

Exzac Data Profiler

Data Quality Assurance is a process by which an analyst gathers data, understands a wide range of possible issues with the data and addresses them. It needs to be done consistently, applying a large number of tests every time, in order to make sure the target risk management system will understand the transactional and reference data it receives. The Exzac Data Profiler automates this process with a library of over 200 diagnostic tests designed specifically for risk management data. Armed with the Data Profiler, an analyst can complete a thorough review and diagnosis of all data quality issues within a matter of days, down from the weeks required for a manual process.

Exzac Simulation & Unit Testing

Before new logic is deployed to production, users need to understand what kinds of results to expect. How many alerts will it generate? Will it identify the transactions I expect it to? What kind of contribution will it have in reducing risk? Surprisingly, few fraud and compliance solutions offer simulation and unit testing capabilities. Exzac has developed a comprehensive Simulation and Unit Testing toolset that works in concert with your risk management platform to automate the process of testing new rules and scenarios for fraud, AML and compliance applications. The application provides reports and dashboards used to monitor testing results on an ongoing basis.

Stress Testing

Estimating the technology resources required to achieve SLAs for transaction processing and workflow components of fraud and compliance systems can be a challenge. Exzac's Stress Testing service has helped our clients ensure that their solution is sufficiently resourced based on real-world transaction volumes and user activity before users and customers interact with the system in production. We help our clients avoid usability issues, system timeouts and platform availability issues that can undermine the launch of a new fraud or compliance platform