By Justin Lee, theWHIR.com
September 23, 2008 — (WEB HOST INDUSTRY REVIEW) — Customer information solutions provider Innovative Systems (innovativesystems.com) announced on Tuesday it has opened a new computer facility in Mississauga, Ontario, a suburb of Toronto.
The new facility was developed to provide services to ISI’s rapidly growing Canadian customer base and complements the company’s other computing facilities in Pittsburgh and London, UK.
Since 1986, ISI has served Canada’s leading banks and financial institutions, and currently serves five of the top six banks. The company offers data quality software, systems integration, database solutions and customer data quality audits.
Customers became concerned about privacy and sending data outside Canadian jurisdiction, discouraged by the Office of the Superintendent of Financial Institutions Canada in its Guideline B-10. ISI decided to open a new facility to provide these customers with piece of mind by enabling them to keep their customer data in Canada.
The new data center enables ISI to offer Canadian customers secure software as a service, or hosted processing for ISI’s four business lines of data quality, data integration, address validation, and Politically Exposed Foreign Persons/sanctions list screening, which is required by Canadian Bill C-25. FinScan’s (finscan.com) hosted screening offering enables clients transmit their data over the Internet to ISI’s secure Canadian data center. The solution matches ISI’s customers against their preferred sanctions or PEFP database based on their matching criteria and then directing them to the suspected matches for review.
This increasing demand for hosted processing has contributed to a 100 percent increase in ISI’s hosted business over the last 12 months. “We’re very pleased to provide our Canadian clients the added service and security of our Mississauga data center,” says Bob Colonna, ISI president and CEO. “Having a secure data center within Canada’s boundaries enables us to offer Canadian organizations the valuable option of hosted processing in meeting their data quality and PEFP screening needs.”
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