Over the past month (18 February - 18 March) despite the challenging environment we are in, in the UK alone there were almost: 60,000 company incorporations 125,000 officers added to newly incorporated or existing companies, with almost 44,000 officers removed from companies51,000 companies that changed status Did you get all that? Surprisingly, most organisations doing statutory … Continue reading Corporate Signals: Enabling better KYC
The EU’s Fifth Anti-Money Laundering Directive (5AMLD) came into force last week, on 10 January 2020. It was partly a response to the Panama Papers, a leak of thousands of documents from the law firm Mossack Fonseca which revealed the extent to which the true beneficial owners of companies can be concealed behind a complex … Continue reading 5AMLD launches: close but no cigar
Yesterday we had a minor celebration in the OpenCorporates office. For days the data team have had one eye on our company counter, as it approached the 180 million mark, with frequent updates across the office and on our messaging systems reporting the latest query output from ElasticSearch, and at 15:49 BST yesterday we hit … Continue reading One hundred and eighty (million)! Another milestone
What is your role at OpenCorporates? I run the data team at OpenCorporates and so I am responsible for all of our data. This encompasses the sourcing of information from local registries, ensuring we understand the data and any quality issues, and transforming it to our standardised datasets which are used by our public benefit … Continue reading Meet Rebecca Lee, Chief Data Officer
Do you have a journalist or investigator mindset? Do you have a spare 5 to 6 weeks to work with us either full or part time? If so, we would love to hear from you! We are looking for individuals to help us complete manual research on corporate networks. This is an exciting opportunity for … Continue reading Urgent – Researchers wanted!
Here at OpenCorporates, we really care about official company data – and getting this data right means we need to know a lot about the nature of legal entities, what a company is, and what its legal personality actually means, particularly in a world where companies are ever increasing in number, speed and complexity. Every … Continue reading A brief history of shell companies: must read for company data wonks
We're proud to announce that we have now released the first public release of OpenCorporates’ new corporate events system. This has been a really substantial project that's been more complex and more difficult than we expected, and threw up many issues and questions along the way. And there's still much more work to be done … Continue reading At last: corporate events for everyone
As global corporate organisations grow ever more complex and automation increasingly influences how business relationships evolve, the need for universally accessible non-proprietary data on corporate legal entities becomes more acute.
To coincide with our launch of OpenCorporates' new White Paper, The White Box Revolution – on how Black Box Data is being replaced with transparent, well-defined data with open IDs – our co-founder and CEO, Chris Taggart, last week presented a keynote at Strata EU, Europe's largest big data conference. Entitled the Irresistible Rise of … Continue reading Strata keynote: The irresistible rise of White Box Data
For the past 50 years, companies, regulators, investigators and journalists have mostly used ‘Black Box’ data - data that is opaque, not well defined, uses proprietary identifiers, and has poor data quality feedback loops. But continued reliance on this data could put a firm out of business within five years, according to a new report by OpenCorporates.