Use Case

Preventing Company Insolvency Fraud

Fusionbase enables banks to effectively detect and prevent commercial burial fraud. Using Fusionbase's API, external data on companies and their directors can be queried quickly and easily to identify fraud patterns.

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Fusionbase Data Hub

External Data to prevent Company Insolvency Fraud

Fusionbase integrates comprehensive external data sources to detect patterns and histories indicative of insolvency fraud. Our platform provides deep insights that allow banks to make informed decisions swiftly. Following data helps you to identify fraudulent behaviour:

Company Network: Get all related persons and companies to any given company to further investigate in your KYC processes.
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Managing Directors: Check whether managing directors are working at companies that are in insolvency proceedings.
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Company Financials: Check base data and financials of a given company to detect early warning signs of insolvencies.
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Your Benefits

Enhanced Risk Management: Utilize advanced analytics to identify high-risk entities before engaging in financial activities.
Cost Reduction: Minimize losses due to fraud by early detection of insolvency schemes.
Regulatory Compliance: Ensure adherence to financial regulations by maintaining a transparent and fraud-free portfolio.

Before Fusionbase

Limited access to comprehensive background information on company directors

Delayed reaction to fraud indicators due to manual data gathering

High incidence of financial losses from unanticipated insolvency fraud

With Fusionbase

Instant access to extensive data on directors and companies, enhancing due diligence

Proactive fraud detection through real-time data analysis and automated alerts

Significant reduction in financial losses by preventing fraud before it affects the institution

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