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Addresses

Core Record Management Addresses Audit Buildings Countries Jurisdictions Legal Entities Locations Regions
Core Record Management Addresses Audit Buildings Countries Jurisdictions Legal Entities Locations Regions
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Address management from the Client 360/KYC perspective focuses on customer identity verification and risk assessment, handling diverse address formats across countries, managing multiple address types (residential, business, mailing), validating address authenticity, tracking address changes over time, and using addresses for geographic risk assessment and sanctions screening while maintaining compliance with privacy regulations.

Address management maintains authoritative address information for identity verification and risk assessment, used across multiple use cases including Know Your Customer, Legal Entity Management, and Supply Chain Management.

The Challenge

Financial institutions face challenges in address management:

  • Address format diversity — Different countries use different address formats and conventions
  • Data quality — Addresses may be incomplete, inaccurate, or use inconsistent formatting
  • Address changes — Customers move frequently, requiring ongoing address validation and updates
  • Multiple addresses — Customers may have residential, business, mailing, and registered addresses
  • Geographic risk — Addresses in high-risk jurisdictions require enhanced due diligence
  • Validation complexity — Verifying address authenticity across different countries and jurisdictions
  • Privacy regulations — Managing address data in compliance with GDPR and other privacy regulations
  • Data integration — Address data is scattered across multiple systems and must be unified

Why EKG is Required

Enterprise Knowledge Graphs provide powerful address management capabilities:

  • Unified address view — Connect all customer addresses across systems and time periods
  • Address relationships — Link addresses to identify shared residences, business locations, and address networks
  • Geographic context — Connect addresses to jurisdictions, regions, and countries for risk assessment
  • Temporal tracking — Track address changes over time and maintain historical address records
  • Validation integration — Connect to address validation services and maintain validation results
  • Risk analysis — Use address data for geographic risk assessment and sanctions screening
  • Data quality improvement — Identify and resolve address inconsistencies and duplicates

Business Value

  • Identity verification — Use addresses as part of customer identification and verification
  • Risk assessment — Assess geographic risk based on customer addresses
  • Regulatory compliance — Meet requirements for address collection and validation
  • Data quality — Improve address data quality through validation and deduplication
  • Operational efficiency — Automate address validation and reduce manual data entry
  • Customer experience — Ensure accurate address data for communications and service delivery