IntegraWatch® | Compliance Screening is a curated database comprised of organisations and individuals that may present compliance or integrity risks to companies that engage in business with them. Our database content is drawn from public records and open-source media from around the world and is categorised into 30 distinct risk areas.
Advanced content — collection technologies
To provide comprehensive global risk data against 30 risk areas, The Red Flag Group® has created a technology platform unique to the industry. Our in-house team of over 100 developers includes experts in data-crawling technology, machine learning, natural language processing and other related disciplines. This team spent a good part of 2018 developing a ‘smart’ focused web crawler capable of pulling relevant media coverage from one or more news sources, from every country in the world and in 26 different languages. This software enables our team of content experts, who have expertise in their assigned countries, to ensure no risk goes unnoticed and to efficiently and effectively summarise and categorise those risks in the IntegraWatch® | Compliance Screening database.
Advanced search technology
Another area where The Red Flag Group® is applying industry-leading technology is in IntegraWatch®’s database search tool. With many millions of profiles and records it is important that users have a search tool that is capable of identifying the profiles relevant to their search terms (for example, if a user searches ‘Gazprom’, they should find records for ‘Gazprom’, ‘Public Joint Company Gazprom’, and even ‘Публи́чное акционе́рное о́бщество’). IntegraWatch®’s refined search tool enables searches of non-English search terms, which are effectively translated, and can identify English-named companies and individuals and vice versa. This is supported in a multitude of common and not-so-common languages. Our relevancy scoring allows users to establish a viewable search threshold that meets their risk tolerances and view only those profiles that are likely matches to their search terms.
Vision for 2019/20
In the coming year, our in-house content-collection software will be continuously improved. Natural language processing will break down the applied language into shorter, elemental pieces, creating a machine understanding of relationships between the pieces and how those pieces work together to create meaning. This will improve the relevancy of crawled data by ensuring that no relevant articles are missed, yet only relevant articles are included
Machine learning will also be a significant development focus in 2019/20. It will enable computers to categorise media into the relevant risk areas and create article summaries while using statistical techniques to give the system the ability to ‘learn’. Machine learning is based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention. The machine will learn from the human summaries created by our global content analysts. Over time, the humans will serve only as quality assurance, thus giving greater scalability and reliability of global media coverage. To this end, we will continue to invest heavily in technology as well as advanced training and certifications for our team of developers.
- New access strategies
Historically, IntegraWatch® | Compliance Screening Database subscribers have had two choices for accessing the data: through ComplianceDesktop® or via IntegraWatch.com. This year will see new choices for subscribers. Procurement and supply chain screening can now be accomplished through Supplier Integrity®, a purpose-built platform for supply chain risk management. Customer screening will soon be available through The Red Flag Group® application in SalesForce to allow screening and remediation of any hits with the click of a button. Finally, a number of third party compliance management software providers are now signing up to offer integration via API to the IntegraWatch® database. With all these channels, there is no reason not to protect your company with IntegraWatch® | Compliance Screening.
This is an extract from The Red Flag Group Annual Report 2018/19. To read the full report please click here.