Of those interviewed, many indicated that their bank has maintained an exception list in the past but it became unwieldy. Neighborli will maintain the exception list and make appropriate edits periodically. As maintaining exception lists has proved cumbersome for many banks, this is a task that Neighborli can easily manage according to the requirements of the financial institution. Often, we were told that the lists have been sub-optimized due to impaired data. Reasons for impaired data vary but a constant focus on this important tool will enable Financial Institutions to more effectively manage fraud within their programs.
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