Published on: 4 February 2025
Unlike most platforms that focus primarily on financial transparency, TISCreport is a unique source of non-financial transparency data that provides invaluable context, allowing institutions to gain a deeper understanding of non-financial risk indicators. Here are key ways TISCreport can support your institution:
1. Enhanced Credit Risk Assessment
Financial institutions must assess the creditworthiness of companies before engaging in transactions or extending loans. TISCreport offers detailed transparency profiles, ESG compliance data, and corporate accountability metrics. By using these profiles, banks can gain a clearer understanding of the financial stability, operational integrity, and risk factors of companies, helping to inform sound credit decisions. The non-financial transparency data provided by TISCreport offers crucial context that helps institutions see beyond financial figures and assess true corporate resilience.
2. Streamlined Due Diligence for Partnerships and Transactions
Due diligence is vital when exploring partnerships, investments, or providing financial services. TISCreport makes it easier to conduct "Know Your Customer" (KYC) procedures by offering access to data that reveals corporate structures, beneficial ownership, and ethical behaviour. This streamlines the due diligence process, ensuring that institutions partner only with organisations that meet their high standards for accountability and transparency. The availability of non-financial transparency data adds a layer of insight that helps assess ethical practices and overall corporate integrity.
3. Meeting Regulatory Requirements and Compliance
Banks are under constant pressure to comply with financial regulations. TISCreport provides access to regulated entities, such as FCA Regulated Credit Institutions, allowing you to verify compliance status. Leveraging this data helps institutions meet regulatory obligations while minimising the risk of onboarding non-compliant entities. By including non-financial indicators, TISCreport ensures a holistic view of compliance that extends beyond purely financial metrics.
4. Supporting Ethical Investment Initiatives
With ESG (Environmental, Social, and Governance) standards at the forefront of investment decisions, TISCreport's transparency profiles help banks assess whether a company meets ethical standards. Detailed ESG reports provide valuable insights that support socially responsible investment (SRI) strategies, enabling institutions to align investments with their values and reduce reputational risk. Non-financial transparency data is essential for understanding a company's broader impact, making TISCreport an indispensable tool for ethical investment.
5. Effective Anti-Money Laundering (AML) and Fraud Prevention
As part of Anti-Money Laundering obligations, banks must conduct thorough investigations into corporate entities to verify legitimacy and prevent fraud. TISCreport aids in understanding the ownership structures, behaviours, and compliance records of companies, providing essential information to help banks identify red flags and mitigate AML risks. Non-financial data offers additional indicators of potential fraud risks, making TISCreport a vital resource for comprehensive AML efforts.
6. Deep Insights into Supplier and Customer Relationships
Banks often work with corporate customers and suppliers, which means assessing potential risks within these relationships is essential. TISCreport makes it easy to examine supplier profiles, ethical behaviour, and compliance metrics, helping institutions ensure that their relationships align with their business and ethical standards. Non-financial transparency data helps reveal ethical risks that may not be apparent from financial metrics alone.
7. Assessing Corporate Transparency for Treasury and Investment Decisions
For treasury operations and investment opportunities, detailed insights into corporate transparency are crucial. TISCreport profiles of significant corporate entities, such as treasury-focused or pension fund companies, provide in-depth visibility into financial operations and help institutions make well-informed decisions regarding investments or financial support. Including non-financial transparency data provides an additional layer of context that helps institutions make more informed decisions.
8. Managing Reputation and Compliance Risk
In an age where transparency is increasingly valued, institutions must partner with companies that embrace transparency and ethical practices. By providing detailed corporate profiles, TISCreport helps banks assess companies' ethical behaviours and transparency, reducing reputational risk and ensuring alignment with ethical banking standards. The emphasis on non-financial transparency data helps institutions identify and mitigate reputational risks effectively.
TISCreport offers banks and financial institutions a comprehensive platform to manage credit risk, streamline compliance, and promote ethical banking practices. By providing data that drives accountability and transparency, especially in non-financial areas, TISCreport enables financial institutions to navigate today's challenges with greater confidence and effectiveness.
Interested in learning how TISCreport can support your financial institution's goals? Get in touch today to explore the full range of transparency data and tools we provide.
