CheckForRisk is rapidly gaining traction in the financial sector as one of the most efficient due diligence technologies available today. The search engine is a unique risk management tool combing over 2.5 million pages of risk relevant data. Each entry in the database is checked against new OFAC and sanction lists, while hundreds of thousands of negative news articles inform your institution of potentially high risk clients and assist you in the detection of early stage financial crime. This system mitigates reputational risk to your company - a function that most other due diligence systems simply cannot perform.

Click here for CheckForRisk 30day Trial Offer for financial institutions.

The CheckForRisk Solution

The engineers at NominoData looked at the process involved in non-FCRA Enhanced Due Diligence searches and designed the CheckforRisk system to overcome common issues to Know Your Customer initiatives. CheckForRisk indexes only risk-relevant information so users are not deluged by unrelated search results. Therefore, our search engine is built around a fully automated, hyper-targeted data mining system with the core data collection re-indexed and updated every 24 hours. The end product ensures that your company will receive the most relevant and up to date risk information available in the commercial world.

CheckForRisk provides an audit trail with a complete, user-by-user record of each inquiry submitted -- a critical function for regulatory compliance.

Additional functionality includes:

• Upfront screening - immediate risk-relevant results
• Incredibly low false positive – hard name matching with global coverage
• Automatic Portfolio Monitoring with a full audit trail

CheckForRisk searches can be conducted through two processing options:

• User Logins: Each web-based user of CheckForRisk is assigned a unique user name and password to access the Search Engine. Inquiries are submitted manually and results are returned in a real time environment for review.
• Desktop Batch: This first-to-market solution enables organizations to batch-process their existing customer base and prospects with unparalleled ease and accuracy. At the core of the system is CheckForRisk proprietary search engine. It delivers only risk-relevant results that are the most timely and comprehensive in the industry. Each name submitted requires approximately one second processing time. Audit trail functionality is included with the Desktop Batch product.

Click here to see how CheckForRisk can scale for any size of enterprise. 

CheckForRisk Comprehensive Data Sources
CheckForRisk indexes a wide range of global risk sources including: over one million risk-based websites, 1,400 risk-relevant RSS feeds, and more than 1000 AML specific sites continually monitored for change. Please see below for a partial sampling.

Portfolio Monitoring Functionality
CheckForRisk has built in Portfolio Monitoring functionality that systematically stores companies processed inquiries and screens the names against new data elements on a nightly basis. This feature eliminates the need to resubmit inquires on a weekly, monthly or quarterly basis looking for recent matches. The system indicates which name has a portfolio alert, the number of new hits generated, and the date of the original inquiry submission.

CheckForRisk.com indexes a wide range of global risk sources
Anti-Terrorism Watch Lists
Exchange Enforcement Releases/Sanctions
Law Enforcement Releases/Sanctions
Global Most-Wanted Lists
Politically Exposed Persons
Identity Theft
Retail Fraud
Drug Enforcement Releases
Credit Card and Check Fraud
Hacker Arrests and Convictions
Negative News
Blogs