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The main data processing flow of credit bureau software consists of the following processes:
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a. Data submission - The system assumes different types of data submission opportunities: from manual data insertion directly into the database through special input-forms up to data submission via separate packages encrypted in advance by any public-key cryptographic algorithm (such as SSL, PGP, GPG, etc.) for security purposes. Successfully uploaded packages are submitted into a file storage and enqueued for the data conversion and validation procedures.
- b. Package conversion and data validation - Data conversion and validation is the procedure of exact data transformation into the necessary database format. Data conversion is executed in accordance with conversion descriptive rules customized for each data provider separately. Data validation assumes checking of submitted data conformity with specified validation rules to ensure exact data insertion into the database.
- c. Similarity identification (data subjects' matching) - Similarity identification is the process of different objects unification/consolidation. Credit Bureau System stores submitted data records by indication of the data source, hence the environment it belongs to, which means that data records stored for the same object are distributed by different sources and environments. Thus, similarity identification is intended to match data subjects and thereby consolidate those data for providing object's complete credit histories/reports in spite of different sources and environments.
- d. Informative services - The system provides eligible organizations/users with different kinds of services based on analysis and processing of database content, such as credit reporting, inserted data viewing and cleansing, dispute management, data subjects' monitoring, scoring, etc.
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