Neotas and Symvan Capital

Incorporating open-source intelligence into due diligence to identify and manage business risks

Symvan Capital’s Nina Carr interviews Neotas CEO & Co-founder, Vipul Mishra

In a recent interview, Nina Carr from Symvan Capital sat down with Vipul Mishra, CEO and Co-founder of Neotas, to discuss the integral role of open-source intelligence (OSINT) in enhancing due diligence processes. This conversation highlights how Neotas, through its innovative approach, is revolutionising risk management and compliance in various sectors. 

Vipul Mishra, drawing on his extensive background in cybersecurity and legal experience, identified a critical gap in traditional due diligence processes. Mishra observed, “70% of the risk indicators about perpetrators were only there out in the open, like on social media, Deep Web, dark web, surface web.” This realisation underpins Neotas’ mission to harness OSINT effectively, transforming a traditionally cumbersome process into a streamlined workflow. 

Neotas offers a range of solutions across human resources, private equity, venture capital management, and third-party risk management. Their approach, using a SaaS based Enhanced Due Diligence platform, turns a manual and time-consuming process into an efficient and consistent one.  

Neotas’ collaboration with industry giants such as PwC and KPMG not only demonstrates the platform’s robustness but also cements its position as a trusted player in the industry. 

A significant aspect of Neotas’ offering is its focus on Environmental, Social, and Governance (ESG) solutions. Neotas addresses the limitations of self-reporting in ESG assessments by utilising OSINT to uncover genuine insights into companies’ ESG practices. This method has earned them accolades, including the FCA’s TechSprint “Digital Regulatory Reporting” award. Mishra highlights the depth of their approach, stating, “It’s very hard to hide from the internet nowadays,” emphasising the power of open-source data in revealing hidden risks. 

Looking forward, Neotas is set to enhance its services further by integrating artificial intelligence for more efficient data processing and introducing comprehensive risk management features. The inclusion of ongoing monitoring services is a testament to their understanding of the dynamic nature of risk, providing clients with continuous, up-to-date insights. Neotas, is at the forefront of incorporating open-source intelligence into due diligence. Their innovative approach is not just about identifying risks but effectively managing them, marking a significant shift in the landscape of risk assessment and compliance. 

View the full interview on https://www.symvancapital.com/single-post/interview-with-vipul-mishra-ceo-co-founder-at-neotas  

About the companies: 

Neotas, a portfolio company of the Symvan Technology SEIS Fund 3 and the Symvan Technology EIS Fund, is the ultimate Enhanced Due Diligence Platform That ‘Joins All The Dots’ and have all global risk databases, corporate records & sources in one place.

Share:

Neotas Enhanced Due Diligence

Neotas Enhanced Due Diligence

Neotas Enhanced Due Diligence covers 600Bn+ Archived web pages, 1.8Bn+ court records, 198M+ Corporate records, Global Social Media platforms, and more than 40,000 Media sources from over 100 countries to help you screen & manage risks.

Book a Demo

Explore Neotas Enhanced Due Diligence

Stay ahead of financial crime threats and compliance challenges.

  • Learn about the amendments made to Money Laundering Regulations in 2023 aimed at bolstering the AML framework.
  • Gain insights into the significant increase in SARs and its implications for compliance.
  • Explore the implications of new legislative measures, including the Economic Crime and Corporate Transparency Act.
  • Discover innovative solutions for compliance that promise to streamline processes and enhance efficiency.

Stay resilient in the face of regulatory challenges. Download the whitepaper today to empower your compliance strategy for 2024.