Regain control over your customer due diligence process

Limited, highly manual, and irregular third-party inspection processes were time-consuming and prone to errors.

This led to a lack of control and oversight, potentially resulting in reputation risks, high costs, and inefficient business processes.

Therefore, both companies wanted to upgrade their due diligence programs to make them future proof and scalable.

• Bright Cape developed a standardized and fully automated solution for customer screening, using stage-wise checks and controls.
• This resulted in 100% screening of all third parties by analyzing internal third-party data, enriched by external web-scraping data.
• The highest risk parties are forwarded to subject matter experts for a further deep dive.
• Both companies regained control over their due diligence processes, being 100% compliant and able to assess and mitigate risks regarding all new and existing third parties.