Brochure
Generating BIG DATA Impact
Data matching engine –
Enabling enterprise-level
strategic intelligence
PROCESS • ANALYTICS • TECHNOLOGY
Introduction
The Data Matching Engine is a next-generation
data matching solution, built by Genpact, that helps
enterprises deploy fuzzy matching, de-duplication,
and data reconciliation solutions to achieve
operational and regulatory excellence. The engine
uses powerful fuzzy algorithms to:
•A large amount of manual effort is required to
manage and maintain the databases
•The existing technology is inadequate for
processing the high data volumes
•Disparate data sources, internal systems, and
formats make it challenging for systems to process
and establish links between data sets
•There are no consolidated reports and dashboards
for faster and accurate consolidated reporting
•Establish links between disparate data sets
•Clean, de-duplicate, match, and reconcile data sets
Typically, these data sets encompass structured and
unstructured data from different industry verticals
and business functions. The data sets can be flat files,
spreadsheets, financial transactional data dumps,
corporate data covering business entity names,
employee information, and product/sub product
names, and other forms of unstructured data sets.
Business challenge
The proliferation of data has led to complexities
in managing data. As a result, enterprises need
to ensure that their data is accurate and clean,
and complies with ever-stricter regulations. The
complexities increase with disparate internal
business systems and unstructured data, including
social media, and all have to be integrated. Owing to
the high volume and variety of data, enterprises face
several challenges in matching and reconciliation
processes, including:
•The high cost of ownership affects the bottom line
for enterprises
Data matching engine - Solution
overview
Genpact’s Data Matching Engine helps enterprises
gain strategic and operational enterprise-level
improvements through the following:
•Advanced automation leading to quicker
turnaround times and improved service levels
•Decrease in costs due to the decrease in manual
intervention
•Operational and regulatory risks mitigated by
compliance with the most recent regulations, owing
to the flexibility of the modular solutions
•Higher transparency and greater consistency of
data, leading to enterprise-level improvements
Scalability
plug & play
Algorithm repository
Source 1
Source 1
Supported source
adapters include
RDBMS, flatfiles,
social data etc.
Cleanseres &
transformers
Matching records
Matching
tool
Non matching records
Matching engine configuration
Outputs
available in GUI
or RDBMS or as
REST API
Figure 1 - Solution overview
GENPACT | Brochure
•Built-in fuzzy logic – leveraged on fuzzy matching
algorithms, discovers complex relationships in the
data sets
•Plug-and-play algorithms – high degree of usability
with the plug-and-play cleaning and matching
algorithms complemented by rule-based matching
criteria with different algorithms for different fields
•Highly configurable – UI to configure matching rules
with field-level configuration
•Multiple functionality modes – multiple
options, including only reconciliation, only deduplication, only matching, only cleaning, or
other combinations, according to specific user
requirements
Figure 2. Simple-to-Use Process Workflow
Key features
•Horizontal scalability – runs on Hadoop cluster
using distributed elastic search capability
•Seamless integration – establishes links between
disparate data sets (structured and unstructured)
•Visualization and export formats – user-friendly
outputs and formats with field-level drill downs and
dynamic remediation on databases
•Adaptable – easily adaptable to meet the data
requirements and regulatory compliance pertaining
to several industry verticals
•Cost effective – leverages open source technology,
best-in-class cost-effective reconciliation, and
matching product offering
Figure 3 - Sample output dashboards and reports for Data Matching Engine
GENPACT | Brochure
Sample business use cases
•Posting and balances in capital markets
•Reconciliation solutions across various industry verticals such as Consumer Products and Goods, Life
Sciences, Banking, Financial Services, and Insurance, Capital Markets, and Retail
•Data matching of corporate entities, names, customer names, address, products, services, and e-mail ID
•Data integration requirements emanating from corporate mergers and acquisitions
•Matching products with different brand names localized in various regions and countries and
reconciliation
Success stories
World’s largest derivatives exchange
Genpact implemented the Data Matching Engine and fuzzy matching functionality for customer name
data, as part of the remediation solution. This led to the removal of several duplicate entities across
applications. More importantly, this enabled the client to effectively mitigate credit risk exposures,
estimated potential cost savings of 10 million USD annually and potential improvement in sales
effectiveness by 10%.
A leading US-based retailer and healthcare company
Genpact rolled out the Data Matching Engine leveraging fuzzy matching functionality for a leading
retailer. With this solution, customer data from the retail point of sale and the pharmacy benefit system
was linked. This gave the operations team a consolidated view of their customers and helped scale up
their service levels leading to greater customer satisfaction.
About Genpact
Genpact Limited (NYSE: G) is a global leader in transforming and running business processes and operations. We help clients become
more competitive by making their enterprises more intelligent: more adaptive, innovative, globally effective and connected. Genpact stands
for Generating Impact for hundreds of clients including over 100 of the Fortune Global 500. We offer an unbiased combination of smarter
processes, analytics and technology through our 64,000+ employees in 24 countries, with key management based in New York City. Behind
Genpact’s passion for process and operational excellence is the Lean and Six Sigma heritage of a former General Electric division that has
served GE businesses for 15+ years.
For more information, contact, [email protected] and visit www.genpact.com
Follow Genpact on Twitter, Facebook and LinkedIn.
© 2014 Copyright Genpact. All Rights Reserved.