Corporate fraud has always hidden behind paperwork. Until recently that paperwork (articles of incorporation, officer lists, change-of-address forms) sat in 50 state silos, traditionally as PDFs and TIFF scans, which are essentially digital images of paper documents. OpenCorporates’ now sources, cleans, and normalises that data into machine-readable tables, refreshing most jurisdictions weekly or even daily.
Finding official company registration data in the United States can be challenging due to the country's decentralized system. Unlike many countries with a single national companies registry, the US has no centralized federal registry for all companies. Instead, businesses are registered at the state level, with each state maintaining its own registry. This means there are over 50 distinct official registers, each operated by a state or territory government.
Managing large-scale data migrations can feel overwhelming. You're likely wrestling with fragmented records, outdated information, and those pesky duplicates. Throw global data into the mix, and suddenly, challenges multiply. But here's the good news: there's a simpler, smarter way to handle global data without the stress of managing a massive internal database.
Financial companies face a big problem with their Know Your Business (KYB) checks. A shocking 76% of businesses have abandoned onboarding because of slow checks and delays. Meanwhile, companies with faster checks are winning these frustrated customers.
Insurance fraud costs the industry billions annually, with complex schemes getting more sophisticated. Yet many Special Investigation Units (SIUs) still use manual processes for a basic task: checking corporate entities and mapping who owns what.
Government contractors now face a huge compliance challenge. What used to be simple supplier information gathering has become a critical business function with serious legal consequences.
Financial firms rely on global company data to drive decisions, reduce risk, and follow regulations. Many organizations need this data for important tasks but face a basic problem: they have too much information and not enough ways to use it well.
Every transaction flows through a web of legal entities and regulations. Today, most organizations rely on laborious manual processes to verify legal entity existence. Staff must navigate global government websites and tackle paywalls. They have to create accounts for each new registry, and deal with inconsistent data. This process can take hours or days per entity, creating significant operational drag.
Financial institutions face huge hurdles when trying to access and confirm business data. The difficulty extends far beyond basic information provided by Secretaries of State. It impacts Know-Your-Business (KYB) procedures and leads to time-consuming manual validation. This increases costs, and potential inaccuracies in risk assessments.
Are you confident your shareholder data is giving you the full picture? The truth is, incomplete shareholder information could be quietly undermining your business decisions, regulatory compliance, and risk management strategies.