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Comments (0) AI / Machine Learning / Big Data, Open Source/ API, Security

SmartSearch pioneers first online AML business credit checks

via FinTech Futures

SmartSearch says it is currently the only organisation in the UK with the ability to verify individuals and companies in the UK and internationally, all in a single platform via a browser or API, with full sanction, politically exposed persons (PEP) and adverse media screening and then ongoing monitoring.

The firm now allows clients to see an overview of a business’ credit score. Users of the SmartSearch system will be able to access four years’ worth of profit and loss statements, balance sheets, key ratios and payment history.

The development adds to SmartSearch’s know your business (KYB) offering – which includes ultimate business owner checks (UBO) – gives users immediate access to in-depth analysis of business credit information, enabling them to decide on whether a potential new client is financially stable.

Martin Cheek, managing director at SmartSearch says: “In addition to the business credit reports, clients can use SmartSearch for UBO checks, enabling them to see who is controlling any business – even with complicated corporate structures with multiple subsidiaries and parent companies – and will also automatically receive our monitoring service, so if anything changes at a company that a client has already checked, they will be alerted.”

SmartSearch will be able to check and monitor any UK companies, view in-depth credit history – including information on whether the business has County Court Judgments (CCJs) or has ever filed for bankruptcy.

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