This must be the wakeup call for true corporate transparency

The Bell Tower of Saint Sophia Cathedral, Kyiv, taken on my visit to the city in August 2017, on a trip to help with the creation of a Beneficial Ownership Register for Ukrainian Companies The world has watched the Russian invasion of Ukraine in horror over the past few weeks. In this blog post, OpenCorporates’ … Continue reading This must be the wakeup call for true corporate transparency

OpenCorporates’ data helps the OECD analyse multinational enterprises

Multinational enterprises have a major impact on our economies and societies – so we all need to understand where they are, how they operate and where they pay taxes.  That’s why the Organisation for Economic Co-operation and Development (OECD) set up a knowledge graph to improve the available information on multinationals.  The Analytical Database on … Continue reading OpenCorporates’ data helps the OECD analyse multinational enterprises

The emerging market for transparent company data

By Sarah Arana-Morton, Chief Executive Officer, OpenCorporates Company data is essential. It lets people and companies understand who they are buying from, who they are working for, who they are doing business with, and – ultimately – how the world works.   But company data must be transparent.  Transparent company data means: Data that has clear … Continue reading The emerging market for transparent company data

Open identifiers: enabling insight & lowering barriers to innovation

Is the era of proprietary identifiers coming to an end? From April 2022, the US General Services Administration plans to stop using the DUNS number to uniquely identify companies registered in their System for Award Management (SAM). This number, which is the classic example of a closed, proprietary identifier for companies, will be replaced by … Continue reading Open identifiers: enabling insight & lowering barriers to innovation

Data provenance: why it helps you make more defensible decisions

Data about companies is used every day to inform all kinds of critical decisions: from analysing risk to vetting potential suppliers. But how do you know what data to trust? And how can you justify important decisions you, or your users, take with the data? The answer is simple: data provenance. Efforts to utilise data, … Continue reading Data provenance: why it helps you make more defensible decisions

Corporate Signals: Enabling better KYC

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

5AMLD launches: close but no cigar

5AMLD

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

One hundred and eighty (million)! Another milestone

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

Meet Rebecca Lee, Chief Data Officer

Rebecca Lee, OpenCorporates CDO

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