Deepening the Capacity of Your Due Diligence

The human capabilities might transcend every horizon, but they still don’t have anything more valuable in the mix than that sole tendency of growing on a consistent basis. We say this because the stated tendency has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every space. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the right goods. The same has grown to become a lot more evident in recent times, and assuming one new GRC-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.

S&P Global Market Intelligence, a company supplying information services and solutions to global markets, has officially announced an updated version of its entity due diligence platform called Entity Insights. According to certain reports, the stated development will introduce sanctions and adverse media screening of entities to help users screen more than 30 million entity records, including reference data for controllers, top executives, board members and ownership. But how will it realize such a lofty goal? Well, it will do so by availing adverse media coverage from more than 30,000 global sources to meet due diligence requirements and manage reputational risk. Talk about the Entity Insights platform in question here, it is basically a single-source solution which includes global entities data spanning multiple industries, along with data in the process of being collected. On a granular level, this whole information pool packs together real-time entity due diligence profiles on clients, suppliers and other third parties for Know Your Customer (KYC), Third-Party Risk Management (TPRM) and Vendor Management, thus helping you proactively identify any entity changes.

Another detail worth a mention here would be how the expansion of records that Entity Insights will be able to screen moving forward is, in effect, facilitated by Quantifind. Bringing some context again, Quantifind’s proprietary Risk Intelligence solution leverages generative AI technology to automate much of the Text-to-Tables process, which is integral to structuring information relevant for the securities sanctions’ screening. By streamlining the picture this way, Quantified ends up offering a comprehensive risk management capability equipped enough to generate real-time insights and enhance your sanctions screening process. Concerned with everything from securities and customers to partners and suppliers, these insights can be practically generated through different mediums like entity resolution, emerging threat detection, watchlist screening, alerts triage, KYC, relationship extraction and automated investigations.

“Bringing together government sanctions and adverse media coverage data with the breadth of entity reference data and reporting capabilities available in Entity Insights allows for continuous monitoring of developments which could impact a user’s vendors and other third parties,” said Peter Pernebo, Global Head of Entity Due Diligence at S&P Global Market Intelligence. “The addition of this critical data enables more robust entity due diligence and operational risk management.”

Making Quantifind an ideal partner for such an initiative is also its excellence in uncovering signals of risk across disparate and unstructured text sources. Focused on financial crimes, the company’s industry-leading platform combines internal financial institution data with public domain data to assess risk in the context of Know Your Customer (KYC), Customer Due Diligence (CDD), Fraud Risk Management, and Anti-Money Laundering (AML) processes. Quantifind’s excellence in what it does can also be understood once you consider that world’s biggest banks, as well as government agencies trust it to spot events like money laundering, fraud, and various other financial crime iterations. To give you a more concrete evidence of its efficiency, using the company’s platform has shown to double productivity within the relevant area, while simultaneously causing a 10 to even 100 times reduction in false positives.

“In an increasingly dynamic global sanctions environment, screening precision and speed are vital,” said Ari Tuchman, CEO at Quantifind. “We are pleased to collaborate with S&P Global Market Intelligence to provide real-time insights on sanctions and adverse media screening to enable users to effectively monitor and assess risk.”

As for S&P Global Market Intelligence, it is a brainchild of S&P Global, which happens to be the world’s foremost provider of credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity and automotive markets. The company’s product line-up, at present, also includes stuff like energy & commodities information, portfolio and enterprise risk solutions, ESG, sustainable finance, and more.

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