Supplier Risk Assessment

Creditsafe has been awarded registered status on the FSQS supplier qualification system for the financial sector. As the common register of standardised, validated, structured and comprehensive vendor and third-party information, FSQS provides a safe and efficient way to manage compliance and assurance data.  Currently, 13 major financial organisations use the FSQS system, including; Santander, TSB, Lloyds Banking Group, Nationwide, Metro ... Read More »

Cyber Risk Prevention has become a Board Room Responsibility.  Here is a useful approach to proactively mitigate risk.    BIIA recommends members to carefully consider the contents of a speech delivered by Nausicaa Delfas, Chief Operating Officer at the FCA (UK’s Financial Conduct Authority), at the Cyber Security Summit and Expo 2017 Highlights: Cyber resilience is not tick box It should ... Read More »

Global supply chain risk fell for the third straight quarter to 80.3, down from 81.3 in Q2, but remains close to the all-time high of 82.6 in Q4 2016 The fall in Q3 comes despite the continued impact of political uncertainty in a variety of countries across the world, including the US, UK and Germany Natural disasters such as Hurricane ... Read More »

LexisNexis Risk Solutions announced its global alliance with POOL4TOOL, a leading procurement software vendor, to provide data that will help reduce supply chain risk and deliver world-class compliance management tools. POOL4TOOL specializes in facilitating communication between systems and is among the leading solution providers on the international market, due to its high level of Enterprise Resource Planning (ERP) integration capabilities. For LexisNexis ... Read More »

Experian, the leading global financial information services company, said it plans to increase investment in the countries and regions related to the Belt and Road Initiative. It said the increased investment, especially in the Middle East, would better serve Chinese companies by offering them credit authorization, helping them link to cross-border trade partners and preventing fraud in overseas markets. “Chinese ... Read More »

Thomson Reuters launched its latest online platform: Thomson Reuters Projects. Designed to cater to professionals in an increasingly complex, sophisticated and competitive construction industry, TR Projects will introduce reliable information, transparency and actionable insight into one of the region’s key development Industries. With the construction market’s growing demand for a platform that can provide detailed project information, Thomson Reuters Projects ... Read More »

Integration of World-Check Data with SAP® Business Partner Screening offers organizations improved vigilance across the globe Thomson Reuters is collaborating with SAP to allow its World-Check content to be available to customers within the SAP® Business Partner Screening application. The aim is to help organizations better manage their third-party compliance and risk challenges. This will allow World-Check’s risk intelligence data ... Read More »

There was an interesting study released by EventWatch highlighting the top 5 supply chain disrupting events of 2016. EventWatch monitors supply chain resiliency and found these five single events to cost the most in delays, disruptions, and risk. Here’s their list: 6.4 magnitude earthquake in Taiwan Series of earthquakes in Japan through April Super Typhoon Haima Typhoon Napartak Typhoon Medi ... Read More »

We founded TruNarrative in 2016 with a clear goal: to make safe commerce simpler. Safe commerce is simpler when IDV, Fraud and Compliance checks run in a single unified platform. Simpler for consumers, simpler for our customers. In safe commerce, you spot your good customers faster while weeding out villains more easily. You curb losses, write-offs, and fines for non-compliance. ... Read More »

CRIF signed a collaboration agreement with Bohai Credit, a credit information company operating under HNA USOLV, a subsidiary of HNA Group, with the objective of building a supply chain finance platform to help micro, small and medium-sized enterprises in China to access credit, and manage the high costs of financing and the risk of over-indebtedness. By capitalizing on CRIF’s solid ... Read More »

Many companies are struggling to monitor risks posed by their suppliers, distributors and partners due to internal pressures, lack of actionable data and insufficient attention to potential consequences Global companies are opening themselves up to greater risk including bribery and corruption and modern day slavery by conducting due diligence on just 62 percent of their suppliers, distributors, and third party ... Read More »

Using a blockchain ledger to vet trading partners and others in the ‘financial supply chain’ would make transactions more secure and faster, Dun & Bradstreet said in an interview with the Wall Street Journal. Dun & Bradstreet Corp. is testing a Blockchain Distributed Ledger for offering its proprietary corporate data to business customers. The data and analytics company plans to ... Read More »