Advanced Testing Solutions Providing Full Control over Test Population

Insurance CIO Outlook | Tuesday, August 06, 2019

David Graves, Executive Vice President

Testing Services powered by analytics and high-quality management, leverage better-informed business decisions.  

FREMONT, CA: Digital Matrix Systems, Inc. (DMS) launches DMS TestLab, which enables the clients to create new and also modify existing populations of test credit reports. DMS delivers excellent products and services driven by accurate data to help the institutions to make the best decisions for their business. The company provides support to the entire data management lifecycle, from access and storage to analyze and manage risk.

DMS TestLab helps the companies to solve testing challenges such as frequent changes in reports, accessing the required credit history behavior, and maintaining numerous reports from the start. It avails quick and convenient access to the test data through an integrated Test Data Repository, Data Editor, and Transaction Simulator. The solution enables the facilities like creating test credit reports, adding tradelines and public records, and editing details including the payment profiles, credit limits, and imported dates. “The ability to thoroughly test applicant loan or insurance rate decisions is critical to our clients,” says David Graves, Executive Vice President, DMS.

The combined services such as Test Data Repository, Data Editor, and Transaction Simulator provide single sign-on access to DMS products and services. DMS helps in completing the entire analytic cycle with its unique approach, which also includes cost-effectiveness and risk-averse. The centralized connectivity work system eliminates the data silos and creates an interface between multiple lines of business, loan/policy-originated schemes, and external data sources. Moreover, DMS TestLab facilitates financial services and insurance rate decisions via access to customized population test credit reports. “DMS TestLab™ was designed to address the challenges our clients have encountered, and we’re excited to release it. We’ve developed a solution that allows users to emulate any credit history behavior, and provides them with full control over their test populations,” explains David.

Insurance CIO Outlook ranks the Digital Matrix Systems, Inc., among the Top 10 Insurance Analytics Solution Providers. The risk management solution provider efficiently leverages the power of data to make better-informed business decisions. DMS’s integrated product suits offer secure access to consumer and commercial credit bureaus. The company serves as an enterprise-level, centralized connectivity, and analytics solution, easing the hurdle of the IT department. It also provides an interface between multiple lines of business, loan/policy origination systems, and external data sources.  

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