Equifax Single Customer Insight relies on market leading data management and matching tools. It uses a comprehensive, evidence-based name and address histories system to deliver a detailed picture of your organisation's relationship with each individual customer.
The system enables you to update and collate reliable information from multiple sources – essential when accounts are held at different addresses and under different versions of the same name.
The FSCS coordinates the provision and delivery of the UK deposit guarantee scheme. In the event that a bank or other deposit taker fails, eligible deposit holders are guaranteed their money back, together with interest, up to a maximum of £85,000 with any one financial institution.
From 1st January 2011, all deposit takers (with more than 5,000 customers) are required to provide a "Single Customer Insights Report" to the FSCS within 72 hours with details of each eligible deposit holder, with the net value of the deposits held by each deposit holder, and the total compensation due. This legislation covers deposits for consumers, sole traders, partnerships and small companies.
Equifax offers a compelling FSCS solution. You can trust our experienced team to support you at every step to ensure that all FSCS regulatory requirements are addressed cost-effectively, with the minimum of impact on internal business resources.
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