ThreatMinder’s Risk-as-a-Service Solution allows your business to grow by providing real-time analytics into new and existing situations.
A financial institution needed a better understanding of the health of new companies being onboarded, through both initial and ongoing fraud risk analysis. Our Risk-as-a-Service Solution searched the individual companies for any evidence of selling illegal or controlled items that could lead to fines/regulatory liability for the financial institution. We also analyzed information across the Internet, looking for discrepancies that contradicted known information, as well as poor business practices. In addition, ThreatMinder implemented ongoing analysis of business health so that the financial institution could ensure compliance in the future, rather than just seeing a snapshot at the time of onboarding.
A ThreatMinder customer found themselves in an unfortunate situation when one of their companies began selling illegal items. Since the partner was not immediately aware of these details, the merchant was at risk of regulatory, financial, and reputational liability. Implementing ThreatMinder’s Risk-as-a-Service Solution allowed the customer to have immediate knowledge of the health of all of their businesses and provided ongoing evaluation to ensure continuous compliance. We also searched across the Internet for reviews and other types of posts that may indicate poor business practices. ThreatMinder was able to pinpoint the businesses that were engaged in fraudulent or illegal activities and prevent them from continuing these bad practices. In addition, we put into place continuous evaluation of these businesses to ensure that all companies complied with all regulatory requirements going forward, preventing the same situation from occurring again.
A ThreatMinder customer was concerned about financial risk and liability, and wanted to decrease the amount they were allocating to write-offs due to poor business practices from their merchants, clients and vendors. ThreatMinder’s Risk-as-a-Service Solution continuously evaluated these businesses and helped identify instances of businesses selling illegal items, allowing our customer to sever ties with these businesses before they faced financial repercussions.
A ThreatMinder customer was concerned about their vendors engaging in fraudulent activities. By analyzing data from across open source, corporate, and private sources online, we found that one of their vendor’s owners had been arrested for financial fraud. Uncovering this information gave our customer the opportunity to respond to this situation proactively and limit their liability.
A ThreatMinder partner wanted to expand their customer onboarding and customer base. Not wanting to have manual approval processes, the partner approached ThreatMinder to enhance their automated processing. We implemented our Risk-as-a-Service Solution allowing the partner to Grow their new business lines - while limiting and mitigating their Financial, Regulatory, Reputational and Legal Risk.
The result was a decrease in fraud and write-offs from both new and existing clients by over 31%.
A client has an urgent need to understand which Vendors were higher risk - financially. Implementing our Risk-as-a-Service Solution allowed this client to understand Risk for each Vendor providing services to them. Knowing which Vendors were at higher risk, allowed the client to plan for other vendors before significant issues arised.
A major international partner had a massive supply chain. This size of the supply chain provided a way for people engaging in nefarious activity to attack the major company. First, state-based shell companies could purchase a company within the supply chain, thus providing intimate and back-door access into the business. The ThreatMinder Risk-as-a-Service Solution allowed for a continuous evaluation of Risk criteria for each supplier in the supply chain.