Consumer and commercial data and intelligence company Veda has entered into an alliance with ITM. ITM will provide data audit capabilities for Veda clients using ITM's specialised data interrogation tool DataSapient.
Veda chief executive Nerida Caesar said the company supported the Government's focus on data governance across financial institutions.
"We're excited to work with ITM in delivering the best possible solutions for the superannuation industry. The combination of our respective core capabilities will help funds retain and grow their customers within a cost-efficient, secure and privacy-compliant framework," Caesar said.
In turn, ITM customers can address inaccuracies and incompleteness through Veda's data remediation services.
ITM managing director Steve Shoreson said the alliance would improve ITM's data audit capabilities by updating inaccurate data.
"Leveraging Veda's technology infrastructure will also improve our software offering and help trustees/secretariats improve data completeness systematically on their premises," he said.
