Neotas Partners with PwC to Combat Financial Crime
We are thrilled to announce our partnership with PwC UK, who will be using our advanced open source intelligence technology to enhance their integrity due diligence services.
The PwC UK Forensic Services team will use our Neotas Platform to power the next generation of their “RADAR” service offering.
What is RADAR?
RADAR from PwC is their integrity due diligence service offering where utilising Neotas’ cutting edge technology, they gather open source intelligence (OSINT) to identify, assess and report on financial, regulatory, compliance and reputational risks posed by third parties.
Now powered by the Neotas Platform, RADAR will rapidly interrogate 100% of available online data, including social media checks.
Using the Neotas technology, analysis will take place across multiple languages, connecting disparate data sources to cut through the noise and identify relevant risks only.
Moving Forward
Craig Fitzpatrick, Corporate Intelligence Director, Forensic Services at PwC on working with Neotas:
“Our partnership with Neotas gives our Intelligence team unrivalled access to cutting-edge open source intelligence technology, with the ability to analyse information from databases with over 198m corporate records, alongside 600bn+ archived web resources.
One of the biggest challenges in open source intelligence investigations and due diligence is identifying, harnessing and analysing the wealth of online information available and monitoring it for proactive risk management. Our collaboration with Neotas will enhance the comprehensiveness, speed and consistency of our integrity due diligence and open source intelligence service delivery for our clients.”
Neotas Director Ian Howard on partnering with PwC UK:
“We are so proud to be embarking on this partnership with PwC, who are an iconic global organisation. Our groundbreaking technology will enhance PwC’s RADAR offering, enabling their clients to uncover risks that are left unseen using traditional due diligence methods.
We’re looking forward to working closely with Craig Fitzpatrick and his colleagues in the Forensic Services Team and are very excited for what the future holds working together.”
About Neotas
Neotas offers a technology led enhanced due diligence SaaS platform. We are experts in data gathering and analysis from database checks to Open-Source Intelligence (OSINT).
Our platform allows us to conduct all types of online investigations, from basic social media checks to deep forensic analysis. We have refocused deep level cyber security expertise and intelligence gathering for use cases such as on-boarding staff and clients, to forensic issues such as asset tracing and fraud investigations and ESG related issues. We have in-house consultants with backgrounds ranging from cyber security to law, risk management and financial crime.
With access to Neotas platform, banks can get access to,
Enhanced Due Diligence:
- Investment Due Diligence – Lower investment risk by understanding management teams.
- Forensic Investigation & Financial Intelligence Unit – ‘Hard to get at’ information is uncovered. Actionable intelligence is delivered.
- Enhanced Due Diligence in AML – Uncover unseen risks by connecting the dots.
- Corporate Intelligence – New corporate insights lead to better decision making.
Employment Screening:
- Social Media Screening – Use the entire social footprint of candidates to improve hiring decisions.
- Customer Due Diligence – Improve customer onboarding by having relevant information at your fingertips.
- ESG Due Diligence – Find real ESG risks and take action, aided by the Neotas Platform.
- Third Party Risk Management – Manage third party risks using behavioural and reputational risk data.
Schedule a call with our team here. To Book A Demo of the Neotas Platform, please head here.
PwC’s Craig Fitzpatrick recently joined an expert panel for our latest webinar – The Power of Open Source Intelligence (OSINT) in the Fight Against Financial Crime. Find out more and download the full webinar here.
