S&P Global Market Intelligence Enhances Entity Insights Solution with Addition of Sanctions and Adverse Media Screening Data

Rhea-AI Summary

S&P Global Market Intelligence enhances its entity due diligence platform, Entity Insights, with sanctions and adverse media screening data from Quantifind, enabling users to screen more than 30 million entity records from 30,000 global sources. This allows for continuous monitoring of developments impacting vendors and third parties, providing real-time insights into securities, customers, partners, and suppliers.

Financial Analyst

Integrating sanctions and adverse media screening data into S&P Global Market Intelligence's Entity Insights platform represents a significant enhancement in the realm of risk management and compliance. Financial institutions and corporations are increasingly under pressure to adhere to complex regulatory environments and the ability to screen and monitor entities efficiently is crucial.

The inclusion of Quantifind's data, which leverages Generative AI technology, suggests an advancement in the accuracy and speed of due diligence processes. This could potentially reduce the operational costs associated with compliance and due diligence. For investors, the ability of a company to manage its operational risk effectively is a key indicator of its long-term sustainability and can influence investment decisions.

Moreover, the enhancement of Entity Insights could strengthen S&P Global Market Intelligence's competitive position in the market for due diligence tools, potentially impacting its revenue streams and market share. This strategic move may also reflect on the company's stock performance as investors often look favorably on innovations that may lead to increased efficiency and revenue growth.

Legal Expert

The enhancement of the Entity Insights platform to include sanctions and adverse media screening is a testament to the evolving landscape of legal and regulatory compliance. As global sanctions regimes become more complex, the demand for comprehensive screening tools that can provide real-time insights is growing.

For legal professionals and compliance officers, the ability to access a consolidated platform that offers detailed entity profiles, including data on controllers and ownership, is invaluable. It simplifies the process of ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The integration of Generative AI technology by Quantifind indicates a shift towards more sophisticated, automated solutions that can parse vast amounts of data for relevant risk factors, potentially reducing the margin of error in legal compliance processes.

From a legal perspective, the ability to continuously monitor and update due diligence information can mitigate the risk of regulatory penalties, which can have significant financial and reputational repercussions for businesses.

Market Research Analyst

The enhancement of Entity Insights to include sanctions and adverse media screening data is a strategic response to market demand for comprehensive risk management tools. The current global business environment is characterized by heightened regulatory scrutiny and the need for transparency in business relationships.

From a market research perspective, this development could indicate a growing niche within the risk management market, where there is a convergence of regulatory technology (RegTech) and artificial intelligence. The ability of S&P Global Market Intelligence to capitalize on this trend by integrating advanced AI capabilities from Quantifind may set a new industry standard for due diligence platforms.

Such advancements could lead to a shift in market dynamics, where companies that adopt these technologies gain a competitive edge in operational efficiency and risk mitigation. This could influence the decision-making processes of stakeholders looking to invest in companies with robust risk management systems.

Global entity due diligence platform now includes sanctions screening data from Quantifind  

NEW YORK, Jan. 24, 2024 /PRNewswire/ -- S&P Global Market Intelligence, a provider of information services and solutions to global markets, today announced an enhancement of its entity due diligence platform, Entity Insights, to include sanctions and adverse media screening of entities. The addition of this data from Quantifind enables users to screen more than 30 million entity records, including reference data for controllers, top executives, board members and ownership for sanctions and adverse media coverage from more than 30,000 global sources to meet due diligence requirements and manage reputational risk. 

"Bringing together government sanctions and adverse media coverage data with the breadth of entity reference data and reporting capabilities available in Entity Insights allows for continuous monitoring of developments which could impact a user's vendors and other third parties," said Peter Pernebo, Global Head of Entity Due Diligence, S&P Global Market Intelligence. "The addition of this critical data enables more robust entity due diligence and operational risk management."

"In an increasingly dynamic global sanctions environment, screening precision and speed are vital," said Ari Tuchman, CEO at Quantifind. "We are pleased to collaborate with S&P Global Market Intelligence to provide real-time insights on sanctions and adverse media screening to enable users to effectively monitor and assess risk."

Entity Insights is a single-source solution that includes global entities data spanning multiple industries and ongoing monitoring, enabling users to proactively identify entity changes in real-time. The solution generates real-time entity due diligence profiles on clients, suppliers and other third parties for Know Your Customer (KYC) and Third-Party Risk Management (TPRM) & Vendor Management.

Quantifind's Risk Intelligence solution leverages Generative AI technology to automate much of the Text-to-Tables process in structuring information relevant to the securities sanctions screening process. The platform streamlines the sanctions screening component to offer a comprehensive and automated risk management process, providing real-time insights into securities, customers, partners and suppliers through entity resolution, emerging threat detection, watchlist screening, alerts triage, KYC, relationship extraction and automated investigations.

Entity Insights is available within existing S&P Global Market Intelligence solutions including Onboarding Accelerator, Know Your Third Party (KY3P®) and Know Your Customer (KYC) services. Sanctions and adverse media screening data is available via the S&P Global Market Intelligence Entity Insights platform as well as via API.

Click here to sign up for a free trial of Entity Insights. Read the latest blog on Sanctions and Adverse Media Screening.

S&P Global Market Intelligence's opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security.

Statements by persons who are not S&P Global Market Intelligence employees represent their own views and opinions and are not necessarily the views of S&P Global Market Intelligence.

About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.

Media Contact 
Katherine Smith
S&P Global Market Intelligence
+1 781-301-9311
katherine.smith@spglobal.com 

 

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SOURCE S&P Global Market Intelligence

What is the latest enhancement to S&P Global Market Intelligence's Entity Insights platform?

The latest enhancement includes sanctions and adverse media screening data from Quantifind, enabling users to screen more than 30 million entity records from 30,000 global sources.

What does the addition of this data from Quantifind enable users to do?

The addition of this data enables continuous monitoring of developments which could impact a user's vendors and other third parties, allowing for more robust entity due diligence and operational risk management.

What is the significance of the collaboration between S&P Global Market Intelligence and Quantifind?

The collaboration provides real-time insights on sanctions and adverse media screening to enable users to effectively monitor and assess risk in an increasingly dynamic global sanctions environment.

What is Entity Insights and what does it offer?

Entity Insights is a single-source solution that includes global entities data spanning multiple industries and ongoing monitoring, enabling users to proactively identify entity changes in real-time.

What is Quantifind's Risk Intelligence solution and how does it leverage technology?

Quantifind's Risk Intelligence solution leverages Generative AI technology to automate much of the Text-to-Tables process in structuring information relevant to the securities sanctions screening process.

Where is Entity Insights available?

Entity Insights is available within existing S&P Global Market Intelligence solutions including Onboarding Accelerator, Know Your Third Party (KY3P®) and Know Your Customer (KYC) services.

How can users access sanctions and adverse media screening data?

Sanctions and adverse media screening data is available via the S&P Global Market Intelligence Entity Insights platform as well as via API.