Curated News
By: NewsRamp Editorial Staff
March 15, 2024
Estatetrace Launches High Discovery Tracing Service for Financial Institutions
TLDR
- Financial institutions can gain a significant advantage with Estatetrace's high discovery tracing service for re-connecting with uncontactable customers.
- Estatetrace uses a tailored approach, augmenting human capabilities with digital capacity to select data sources on a case-by-case basis for a proven success rate of up to +70% for case resolution.
- Estatetrace's service makes the world a better place by helping financial institutions repatriate funds to the correct individuals, providing current contact details of executors with a high find rate of +90%.
- Estatetrace's launch offers an interesting and educational solution to the urgent issue of unclaimed assets in the UK financial services industry.
Impact - Why it Matters
The launch of Estatetrace's high discovery tracing service is crucial for financial institutions in re-connecting with lost customers or their representatives, and in addressing the urgent need to identify and repatriate assets to the correct individuals. This service offers a remedy for lost assets and a treatment for the underlying causes, providing an immediate reduction in gone away and deceased customer holdings for financial institutions.
Summary
Estatetrace has officially launched its high discovery tracing service to help financial institutions re-connect with legacy and historic gone aways, dormant asset holders, and the representatives of deceased customers. Financial Institutions Relationship Manager, Andy Davies, explains the challenges faced by financial institutions in re-connecting with customers or their representatives and the urgent need to address money held on account that belongs to gone away customers. Estatetrace provides a high-discovery tracing service, tailored to the Financial Services industry's requirements, which ensures all reasonable attempts have been made to locate gone aways and the representatives of deceased customers. The group is ISO27001 accredited and ensures customer data is transferred, held, and maintained to industry standards.
Source Statement
This curated news summary relied on this press release disributed by 24/7 Press Release. Read the source press release here, Estatetrace Launches High Discovery Tracing Service for Financial Institutions
