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When integrated with Siebel, EDQ can be used as a 'fuzzy search' tool though it is not its primary use case so we do not provide default configuration geared to this. You would need either to extend CDS or to come up with your own logic. CDS with Exhaustive Clustering (assuming Siebel 126.96.36.199) and the additional name matching rules turned on will give a reasonable approximation of a fuzzy search though it depends on requirements.
In general, DQ software is not quite the same as Search software though the two share many similar aspects of functionality, and EDQ has very flexible matching capabilities, even though primarily it is geared towards 'intervention' matching; that is, returning matches that really need to be examined to prevent duplication, rather than just similar records that the user might be able to pick from.
The default DQ interface with Siebel does not allow control of what gets returned - the interface expects only an ID of the record (the search 'hit') and a score... no further information about how the match was formed, though EDQ does have Match Rule return information that could be used in a custom integration.