It is estimated that roughly 2-5% of the global GDP is laundered annually, between $800 billion and $2 trillion. For context, the GDP of a gigantic country like India, which aspires to become a global superpower, is 2.78 trillion dollars. In India alone, more than 15,50,000 crores of money are smuggled out of the country annually. A conspicuous aspect of these statistics is how inefficient the current banking system is in curtailing these money-laundering activities. With cutting-edge applications to perform company due diligence online, Fintech has emerged as the trailblazer in this unavoidable, grim situation. Our award-winning, innovative solution OneView, enables seamless company due diligence online and has established Perfios as a leader in due diligence solutions.
By evaluating its benefits and impact, let’s understand the immense value OneView provides:
Business and Management profiling
OneView is the repository of all the publicly available information about any entity regardless of its constitution type i.e a sole proprietorship, firm, partnership, company, Trusts, HUF, AOPs, etc. Detailed information is provided about the type of business activity, the products or services that the company offers, the industry to which it belongs, etc. Entities are comprehensively covered regarding their business, as well as the offerings of the company from the standpoints of all statutory bodies.
OneView initially provides a sneak peek at the constitution of an organization, and this can serve as the basis for further KYC processes. In total, OneView has over 2.7 crore Businesses and Director pre-profiled on the platform, covering a very large chunk of the economic landscape of India. Understanding the business and management structure of an organization is crucial to performing company due diligence online. With it, you can get a 360-degree overview of the organization, its demographics, and its management.
Comprehensive related party network
Perfios’ proprietary network graph technology leverages 450 billion linkages between 2.7 Cr+profiles. This gives an inkling of the sheer coverage of the related party network that helps uncover and judge disclosed and undisclosed relationships, and creates the largest relationship network in the fintech space, perfect for any company due diligence online as it highlights any kind of relationship that could affect critical business decisions.
With our investigative expertise, we have detected and identified a whole slew of red flags ranging from businesses registered under the same address, using the same email ID, domain, or even ownership of the domain to former and current employment relationships, family relationships, providing comprehensive and thorough business network analysis and graphs that extend to 4th-degree connections, resulting in the most comprehensive due diligence insights available today in the market.
Litigation due-diligence
Perfios OneView covers litigation records from over 3500 courts in the country across District Courts, High Courts, the Supreme Court, and Several Commissions and Tribunals. You can track the number of cases, cases awaiting a verdict, disposed cases, high-risk cases, frivolous lawsuits, etc. Users can also identify and analyze the best results using award-winning fuzzy algorithms and filtering options thereby reducing the hassle of manually trying different permutations and combinations of the names. Upon obtaining the complete legal history of the organization, you can conduct a risk assessment of the target entity and determine your offer accordingly.
Negative Checks
Perfios OneView’s negative checks help monitor counterparties on an ongoing basis, which is another USP. You can track and receive alerts about early warning signals of your portfolio companies, such as litigation and negative news.
You can monitor about 88 alerts, which are grouped into various sections, such as Regulatory actions, Statutory compliance, Banking defaults, auditor alerts, and credit ratings. The alerts inform you of any monumental changes to the target entity under any of the above sections, such as a credit rating downgrade or RBI declaring the company a shell company.
A detailed analysis of news surrounding a target entity is conducted by OneView, which categorizes news based on severity, relevance, and exposure. This is perfect for company due diligence online on larger companies with negative news that can have a considerable impact on profits and goodwill.
As a result, you will be apprised of all the current happenings within the organization that may tarnish its reputation or affect its financial security.
A quick glance at the company’s past financial defaults is available. A list of assets up for auction that were hypothecated as collateral for loans the target entity cannot repay is provided.
Shareholders’ money is embezzled by crooks by floating countless shell companies with gleaming veneers but stuffed with the filth of financial crimes, fooling even statutory authorities. After studying extensive financial and other patterns usually followed by shell entities, OneView was developed. OneView incorporates a rule-based engine to help identify shell entities with 98.5% accuracy. Perfios has identified 150000+ shell entities through OneView. We use more than 120 parameters/data points to arrive at our classification, including high-risk patterns in financials, high-risk zones/addresses, and hidden email links.
As a result, OneView provides the most comprehensive negative checks compared to similar applications.
Financial Analysis
Through OneView, you can evaluate the financial stability or creditworthiness of MCA-regulated entities. An in-depth and meticulous financial analysis can be conducted by analyzing the balance sheet, profits and losses, cash flow statement and other financial statements filed with the Ministry of Corporate Affairs.
As part of OneView’s value-add, it parses and pares the financial data to arrive at appropriate ratios that provide deep insight into the company’s financial health and help detect and identify fundamental changes in its financial standing.
In order to gain a clear understanding of the company’s indebtedness and solvency, you can access the credit ratings assigned to it.
Using the borrowings tab, you can see the company’s loan exposure and the value of the assets hypothecated in lieu of loans. The borrower’s repayment capacity can be determined by this information.
A detailed financial analysis can be performed as part of company due diligence online by accessing the organization’s financial status
Conclusion
Thus, OneView offers an entirely new paradigm for company due diligence online. You are able to conduct a detailed autopsy of the company and look beyond its declarations. Using it, you can gather comprehensive and specialised information on your target customers.
About us:
Perfios is the largest data, analytics, automation, and decisioning solution provider to FIs, catering to the entire lending lifecycle from onboarding to diligence & monitoring to collections. Perfios solutions enable systemic fraud prevention, risk management, compliance & automation through superior data engineering and deep tech applications.
In a nutshell, Perfios stands on the trifecta of digitization: automation, enhanced diligence, and robust decisioning for straight-through processing; thus, creating a state-of-the-art digitization process without compromising on security and quality. Perfios is a pioneer in the services it offers and has successfully acquired a very diverse portfolio of 300+ live clients, spanning across the largest gamut of use cases in the industry.