Information service provider Compliance Service Web Application // API
The client was a well-known information service provider for general credit insurance. Its best-known task: the evaluation of private financial transactions, which are subordinated to a special scoring.
However, the company also offers services and products for the B2B sector. These include, for example, credit reports and fraud prevention. Another area, Compliance, is concerned with checking the regulatory requirements of the banking sector and the compliance rules of commercial enterprises.
- Sphinx Search
- Elastic Search
Due to the large number of public information sources to be checked, a continuous, manual review is no longer feasible. Several hundred national and international lists must be checked daily or regularly to ensure that they are up-to-date.
The only efficient possibility lies in an automated preliminary check of the various lists and a subsequent case-by-case check in concrete suspicious cases.
With the Compliance Service, we have developed a web application for the customer that can easily grow with new requirements and be kept up to date.
Users can submit their queries fully automatically via an interface and receive direct feedback. Individual cases can be examined via a web frontend and individually checked for relevance. Monitoring supports the user in regularly checking the customer base.
There is also an on-premise solution for customers who want to run the software in their own data center.
Our experience grows with each technology case. During the development of this application, two tasks stood out in particular: firstly, the Sphinx search. It was enhanced with a calculation formula created specifically by Orange Hive. This made it possible to improve the weighting of search results. Secondly, the two interface protocols SOAP and REST. These were finally served with the same backend.