Data agnostic, automated search across third party, internal, and open sources datasets in near real time concurrently.
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Solution
Transform your Enhanced Due Diligence Processes with Automation
Enhanced due diligence requires multiple disparate data sources. Our solution offers a single source of intelligence, aggregating all your data sources and saving 85% of your analysts’ time.
Existing manual EDD processes are time-consuming, expensive, and not data agnostic
More stringent compliance regulations
Whether it is affordability or AML, regulatory authorities are imposing and enforcing tougher regulations, leaving businesses under increasing pressure to review more cases, to a higher standard and create fully auditable reports.
Manual processes driving up costs
The complexity of investigations is also increasing with businesses reporting needing 8 or more data sources to feel assured they have done the appropriate level of due diligence. Manually aggregating multiple data sources takes much longer, and has greater error, impacting compliance accuracy and customer experience.
Data agnostic automation not available
While some automation solutions exist, they invariably only include the business’ proprietary data, meaning your team still has to resort to manual integration of additional necessary data sources.
Super charge your efficiencies with automation for enhanced due diligence
Scout® takes a data agnostic approach, aggregating across Synalogik, third party, open source and internal data sources as one to optimise operational efficiency across multiple data sources and making it easier to meet compliance requirements.
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Save 85% of your team’s time
Get reports in seconds
Key Benefits
True single intelligence environment for EDD checks – Along with Synalogik datasets, internal data and open-source intelligence, Scout®’s third party integrations include Companies House, CIFAS, Creditsafe, DVLA, DVSA, Equifax, Land Registry, LexisNexis and TransUnion datasets.
Find more risk, carry out edd faster, and more thoroughly investigate more datasets to better meet compliance needs.
Synalogik datasets – Synalogik datasets include standard, enhanced and premium personal identifiable information (PII); global commercial data; PEPs and Sanctions; credit application; disposable phone and email; credit address links; CCJ and bankruptcy; land registry; and compromise checker, among others.
Search and risk assessment workflows that collate and analyse across your data sources, along with visualisation of links, make it much easier to discover hidden connections and risk.
Standardised, concise reports with all sources referenced enable your analysts to make better decisions and better meet compliance standards if audited.
Automation of cross referencing and drawing links across disparate datasets reduces the errors that can occur when doing this manually and improve accuracy.
The generation of EDD reports in less than sixty seconds allows you to make decisions quicker and improve your customer experience.
Scout® overcomes the problem of returning too many results from open source searches with tools to create highly targeted automated searches around keywords, proximity, time-frame and document type.
Scout® is already delivering significant enhanced due diligence R.O.I gains for compliance teams across banking, gaming and other sectors.
Learn How Scout® WorksOur Clients
Testimonials
Case Study
Scout® Automates the Investigation of Modern Slavery in a Potential Supply Chain Agreement
Learn how Scout® helped HCR Law carry out an enhanced due diligence investigation into a third party supplier, delivering results in minutes rather than days.
Blog
How to Choose the right Technology Solution to Optimise Your Enhanced Due Diligence Processes
With numerous technology solutions in the market, it can be a problem to know and understand which one is best for you. In this article, you can learn the core elements of a successful enhanced due diligence investigation so you can better evaluate a provider’s offering.
Our innovations
Scout® is made up of many innovative feature-rich tools, each of which contribute to maximising operational efficiency within your team.
Data Aggregation
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Open Source Intelligence
Create highly targeted open-source search templates with cleansing, risk assessment and filters by timeframe, country, document type, proximity and keywords.
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Workflow Templates
Create bespoke workflows to cover every business need including remediation, KYC, KYB, AML, EDD, and fraud-based investigations.
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Automated Reports
Get unified reports that standardise the presentation of your AML, KYC and EDD search results for easy viewing, downloading or export to a case management system.
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Risk Assessment
Create sophisticated rules to search for, score, and highlight specific risks according to your business needs.
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Synalogik Knowledge Base
Scout® remembers previous searches, allowing you to get alerted if a customer was the subject of or linked to a previous investigation.
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Monitoring Functionality
Create commercial monitoring rules and get updates on any changes to your supply chain in near real time.
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Advanced Investigations
Utilise our Workbench to view links between entities, clash large data sets and join multiple search criteria together to find that needle in the haystack.
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