Page 12 - KZN Business Sense 10.3

BUILDING TRUST THROUGH ACCURATE DATA
Sameer Kumandan,
Managing Director,
SearchWorks
inancial
advisors
Fplay a vital
role in shaping
financial
futures. By
creating
tailored
blueprints
for
individuals and businesses
based on their goals, income,
and financial situation, their
expertise helps to navigate the
complexities of growing and
managing wealth. However, the
cornerstone of effective financial
advice is accurate data.
“This is where SearchWorks
steps in,” says Sameer
Kumandan, managing
director of South Africa’s
largest, forward-thinking data
aggregation platform, “with
comprehensive verification
search tools to empower
advisors with everything
they need to ensure informed
decision-making.”
Why accurate data matters
“Inaccurate data throws
a wrench into the financial
WHEN TO USE A FRAME TENT
12
advisor’s toolkit. It can lead completing a client’s needs personal when advisors present seconds, which makes for swift
to bad financial advice for analysis effectively. well-researched plans based and efficient client onboarding
clients, expose them to fraud, on verified data, this fosters and allows financial advisors
waste valuable advisor time, The impact of SearchWorks on trust and strengthens client to proceed with immediate
and ultimately erode client financial advisor effectiveness relationships. plan development. All of this
trust,” explains Kumandan. By leveraging SearchWorks’ is offered in a user-friendly
SearchWorks addresses these verification tools, financial Case Study: reuniting platform that simplifies
beneficiaries with unclaimed
challenges by providing advisors can protect themselves funds data verification through a
advisors with a robust suite of and their clients against number of categorised search
verification tools, including: fraud. Fraudulent insurance For example, where a financial functionalities, which can be
Client verification: claims and identity theft planner struggles to locate used to greatly streamline the
Confirming a potential pose significant risks and beneficiaries named in a financial planning process.
client’s identity, employment SearchWorks’ KYC (Know deceased client’s will, they can Trust and success all boil down
status, and financial history is Your Client) and KYB (Know easily use SearchWorks’ CSI to data accuracy
essential. SearchWorks offers Your Business) checks, along Trace to find the beneficiaries’
a host of critical searches like with director searches, trust current contact details and Verified data is critical to
credit checks, Astute consumer information verification, Anti- facilitate a smooth distribution allow financial planners to work
reports, and FAIS/DoFA Money laundering checks as of the estate. This is just one effectively and to the best benefit
checks to verify an individual/ well as PEP (Politically exposed of many instances where of their clients. SearchWorks
entity’s financial standing and persons) and Sanctions checks, SearchWorks can prove empowers financial advisors to
compliance. help to mitigate these risks. invaluable in the resolution of double-check client information,
situations that were previously mitigate fraud, and ultimately,
Asset verification: Armed with SearchWorks, time-consuming and complex. build stronger, more trusting
Understanding a client’s financial advisors can provide relationships with their clients.
financial landscape requires sound financial advice with SearchWorks: your trusted “By leveraging SearchWorks,
accurate information about confidence, as accurate data partner in data verification advisors can ensure their clients
their assets. SearchWorks equips advisors with the ability Financial advisors can feel make informed decisions and
provides property searches, to tailor financial plans to more secure in their work, achieve their financial goals
vehicle ownership checks, and a client’s specific needs and knowing that SearchWorks with confidence,” concludes
property valuations to ensure risk tolerance. In this respect, provides an innovative platform Kumandan. 
a clear picture of a client’s income estimators and credit that offers reliable data and
holdings. information provide valuable real-time results. SearchWorks T: +27 (0)86 034 0000
Beneficiary verification: insights into a client’s financial prioritises data accuracy, which E: info@searchworks.co.za
W: www.searchworks.co.za
Estate planning hinges health and having access to gives advisors the ability to
on locating beneficiaries. accurate, reliable data also make informed decisions based
SearchWorks’ CSI Trace helps to build and maintain on trustworthy information.
and Lineage Reports assist client trust. Given that With SearchWorks, advisors
in finding beneficiaries and financial decisions are deeply receive search results within
ith so many tent no pegs are required to hold the ■ These are ideal for long-term
options available, the tent in place. This means it can use at festivals and trade
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a large capacity and can hold can also look just as attractive. for sale in South Africa and
thousands of people (depending across Africa including Zanzibar,
on the size of the tent). A night function with a clear Zimbabwe, Zambia, Botswana,
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support. In fact, all the support Advantages of Frame Tents C: +27 (0)76 929 2609
is engineered expertly on the ■ The lack of centre poles E: sales1@skytentsa.co.za
W: www.skytentsa.co.za
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structure of the tent also means