Gain Greater Insight

Navigating today's regulatory environment is challenging because it's subjective.

Identify Process Variation and Effectiveness Through Full-Population Testing

A data-driven approach can remove the subjectivity.

With the increasing availability of data, regulators will also soon expect a data-driven compliance process.

Azimuth Validator Reporting business scenarios
Validator

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Through VALIDATOR you can now validate process design for compliance and monitor process and data management effectiveness.

Full-population testing will detect application-level process variation which may not be detected in sample-based testing.

CASE STUDY

Scenario 1

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  • Bank merger, banks on different instances of MSP
  • Same full population test applied to data from both portfolios and MSP instances
  • Tested for borrower protection during forbearance period and up to 6 months after, if
    actively seeking assistance

Outcome

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  • Testing identified business process and data differences between the two portfolios for a specific group of customers in forbearance
  • Conversion without this insight could have negatively impacted one group of customers, requiring post conversion manual cleanup

Scenario 2

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  • Large consumer loan sub – servicer tested compliance to required response times for qualified requests
  • Requirements vary across states

Outcome

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  • Testing identified compliance issues
  • Business processes not designed to capture the data required to demonstrate compliance
  • Processes and training did not consider state specific differences in timing and conditions
  • Identified non–compliance trends across certain types of requests, e.g., email vs. letters

See the Benefits