One of the most important terms being shared across the expanding Credit Industry is data validation. This is due to the rapid expansion of technological systems being utilized to support financial transactions. Data validation is a process of ensuring the internal program operates on clean, correct, useful data.
Service over sight involves validation rules called routines- that check for correctness, meaningfulness, and security of data that is input to the system. Data validation is about accuracy closest to input to help guarantee fitness of back end results.
Data validation is an ongoing practice expected when utilizing an evidence based approach to improving the quality of the service being delivered. Readers can expect to hear more about data validation as large online multisided economic platforms delivering individual credit information act to differentiate their similar products.
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