ADDISON, Texas--(BUSINESS WIRE)--Digital Matrix Systems, Inc. (DMS) today announced an update to Data Access Point™, a cutting-edge connectivity hub that links clients to key decision data sources with a single inquiry and delivers the data within a standard XML format.
Risk managers need access to data from a variety of sources in order to make better informed decisions. The latest update to Data Access Point expands the number of data sources available, enabling DMS to provide clients with access to over 20 key sources. Additional sources don’t complicate requests — the DMS Common Inquiry feature of Data Access Point actually simplifies them. Users can make data inquiries to multiple data sources simultaneously using one format, which eliminates redundant data and makes risk management even easier.
In addition to a greater pool of sources, this newest version comes with a variety of new tools to identify and isolate risk in the market. Among these tools is Violation Predictor by Explore, a motor vehicle report ordering filter that provides an indicator of when a full MVR is needed. Data Access Point interfaces with CARFAX and AutoCheck by Red Mountain Technologies that provide vehicle history reports.
Also included are LexisNexis RiskView 4.0, which provides credit risk management and non-tradeline data, and Verisk Analytics ISO Interface with information about property/casualty insurance risk.
“DMS continually assesses new data sources,” said David Graves, DMS executive vice president. “We evaluate client requests and conduct our own market research to ensure that we’re providing the most effective data elements. This update allows us to strengthen our support of all clients, and particularly those in the insurance industry.”
To learn how DMS is empowering data-driven decisions for financial services and insurance clients, visit www.dms.net.
About Digital Matrix Systems
Founded in 1982, DMS is an international risk management solution provider that helps clients leverage the power of data to make better-informed business decisions. Through an integrated product suite, DMS delivers secure access to consumer and commercial credit bureaus, as well as specialty data providers. As a reliable partner, DMS helps leading companies predict and manage risk in a variety of industries, including financial services, insurance, and brokerage services. The company provides data warehousing, advanced analytics, scoring models, and comprehensive consulting services, delivering strategic solutions tailored to each client’s business goals. For more information, visit www.dms.net.