Follow well-known German banks and authorities and use Palturai's FraudTracer to optimize your risk/fraud research: With one click you can unravel complex corporate networks and reveal hidden dependencies.
The economy is a huge, dynamic network. New nodes and relationships are created - or dissolved - every day in step with the market.
Knowledge of the complex network of relationships within and between companies or their decision-makers is invaluable. A systemic view of this interwoven ecosystem is particularly helpful in fraud detection and prevention.
Reduce payment defaults and reputational damage. And relieve your budget for investigations and fraud prevention.
Detect financial crime by making fraud and crime networks visible.
Recognize anomalies during onboarding and avoid new business with risky partners.
Improve transparency about risky companies and functionaries.
Simply assign a risk marker to your “trouble makers”, as in the example here for the company International Tobacco Ltd.
Perhaps the company belongs to an undesirable industry, or there is a case of fraud or a legal dispute?
You decide which risks are flagged.
As a result, all colleagues see the conspicuous red icon and are briefly informed about the respective risk type. Either directly in the company profile, in the network or in the shareholding structure.
In reality, it can often be observed that individual “trouble makers” have a negative influence on their surroundings, resulting in the formation of entire “risk nests”.
This is where our distance-to-trouble algorithm comes into play. It calculates a risk score for each node in the network.
The highest risk comes from the “trouble maker” itself. Depending on the distance and type of relationship, it then further infects its environment.
You too can have risk scores determined for your business partner network.
Are you about to create a new business partner?
In our example of Technology SE, you are immediately warned by a yellow risk banner in the company profile.
This is because there are risk factors in the company’s environment (“Network Risks”).
See more details on network risks in the next pictures.
Incidentally, the banner is always displayed automatically as soon as there are insolvency or country risks or internal markings from “trouble makers”.
You can expand the business network of your new Technology SE business partner with just a few clicks.
In our example, you can see the following:
Technology SE has a direct legal link to International Tobacco Ltd, your marked “trouble maker”, via a profit and loss transfer agreement.
There are an unusually large number of relationships with inactive companies in the network.
Numerous investments are located in high-risk countries.
With this detailed information, you can now better assess whether the new partnership is acceptable to you on this basis or not.
Past business relationships may also be of interest for a risk assessment. The following details are available in the Technology SE network:
A managing director of Technology SE held a management position in a company that is now inactive and has been officially deleted.
A former board member is currently still the beneficial owner of an active but insolvent company.
Here too, you can benefit from comprehensive transparency, e.g. knowing exactly which relationships existed with whom and when, or whether a controlling influence exists.
Your new business partner is based in Germany, but do you know which countries its shareholder relationships extend to?
In our case, Technology SE holds investments in companies worldwide. In some cases also in countries that are officially rated as having a high country risk.
On the world map, you can see at a glance how many critical relationships go where worldwide.
In the detailed view you can also see
– whether the relationships are direct/indirect,
– and which companies or persons are involved.
Who do you not want to work with? With economic fraudsters, companies from sanctioned countries or with connections in high-risk industries?
Follow well-known German banks and authorities and use Palturai’s FraudTracer to optimize your risk/fraud research: Unravel complex corporate networks and uncover hidden dependencies with just one click.
As a pioneer in graph intelligence, Palturai has been included in the “German AI Startup Landscape 2023” in the “Platform” category for the first time. The Hofheim-based company uses innovative, AI-based solutions to make business relationships visible. This enables customers to work even more efficiently and make more informed decisions.
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