Palturai is featured as a leading solution provider in the Global RegTech Buyer’s Guide 2021. The guide provides independent analysis of the international RegTech ecosystem with articles, case studies, and profiles of market-leading RegTech companies. It delivers essential information about the global RegTech market and supplier ecosystem for financial institutions…
Many practical examples show that the fraudulent behavior of individual “trouble spots” in a business network affects their affiliated business partners. Ultimately, you too may be directly affected by these risks.
Protect yourself from risk – fraud, reputation or business failure
- Avoid defaults and reputational damage
- Reduce your budget for investigation and fraud prevention
- Avoid new business with risky partners
- Assess risk situations with business partners and their environment
- Detect abnormalities with a new business partner or within his network during onboarding
- See an overview of insolvency, country risks, or internally identified risks throughout the environment
- Gain quick insights into the true decision-makers in a company and in the immediate vicinity
- Reduce time required for research in complex company networks.
- Understand participation structures and important contractual structures at a glance
- Improve visibility of risky business partners across the company
- Access up-to-date and reliable network information at any time
- Make “Trouble Spots” visible to everyone
How does this work? Take a look at these dynamic features
Perhaps the company belongs to an undesirable industry, or there is a case of fraud or litigation?
You determine which risks are marked.
As a result, all colleagues see the striking red icon and are briefly informed about the respective risk type. Either directly in the company profile, in the network or in the investment structure.
This is where our Distance-to-Trouble algorithm comes into play. It calculates a risk score for each node in the network.
The "trouble maker" itself assumes the highest risk. Depending on the distance and type of relationship, the trouble maker then continues to infect its environment.
You too can determine risk scores for your network of business partners.
In our example of Technology SE you will be warned immediately 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 about network risks on the next pictures.
By the way, the banner is always displayed automatically as soon as insolvency or country risks or internal markings of "trouble makers" are present.
In our example case you can see the following:
Via a profit transfer agreement, Technology SE has a direct legal relationship with International Tobacco Ltd, your marked "trouble maker".
There are unusually many 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 for you on this basis or not.
A former CEO of Technology SE had a leading position in a company that is now inactive and was officially deleted.
A former board member is currently still the economic beneficiary of an active but insolvent company.
Here, too, you can benefit from comprehensive transparency, e.g. knowing exactly when which relationships existed with whom, or whether a controlling influence existed.
In our case, Technology SE holds shares in companies worldwide. Some of them are also located in countries that are officially assessed 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 beyond that,
- whether the relationships are direct/indirect,
- and which companies or persons are involved.
Efficient fraud prevention with the Palturai BusinessGraph
The global economy is a huge, dynamic network. Every day, new nodes and relationships are created in the rhythm of the market – or are dissolved.
Knowledge of the complex network of relationships between companies or their decision-makers is invaluable for insurance companies. A systemic view of this extensive, multi-faceted ecosystem is especially valuable in fraud detection and prevention.
Which solution suits you best?
We offer flexible and state-of-the-art alternatives that allow you to use and analyze our relationship information.
Without an IT project, you can do research in our feature-rich web application. Just log in and get to work. Of course, we will accompany you in the first steps.
Seamless integration via API
into your systems
Simply integrate our solutions into your applications – whether you have your own software or standard applications. Choose the appropriate REST services.
Everything available in your protected environment
A complete embedding in your system landscape creates the highest added value. You create your own BusinessGraph in-house and work completely self-sufficiently.
Here is a selection of our case studies from the area Risk & Fraud
I am happy to answer your questions in a personal conversation
Just send me your contact details and I will be happy to contact you.
Björn Harald Krieger
“With our innovative Palturai solutions, you can easily uncover new risks and avoid fraud. Use the Palturai BusinessGraph in conjunction with your own data for a unique, profitable symbiosis.”