Quantexa integrated OpenCorporates transparent company data into the knowledge graph in their CDI platform via our global Bulk Data files so it could act as the authoritative source for companies, their officers and registered addresses.

Transparent company data – data which is up-to-date, unified, traceable to official sources and consumable – enables the CDI platform to resolve references to companies in other datasets back to their relevant legal entity. When combined with other kinds of data, such as transactions, ownership and risk-related datasets, the platform can build up large complex corporate networks that span millions of entities.

But even with just our data, Quantexa’s knowledge graph can analyse the shape of different corporate networks and identify patterns which drive better risk identification. 

For example, when the registered address of a company is the same as tens of thousands of other companies, this indicates it could have been formed by a Trust and Company Service Provider (TSCP) – therefore posing a different risk profile than a company with a more conventional corporate network.

Image: How company data enables Quantexa’s platform to build up a graph view of a TSCP.

The central node is a highly connected ‘Director Entity’ – the TSCP or Agent – with edges connecting to businesses they have previously incorporated and since transferred ownership to new directors.

Quantexa chose to incorporate OpenCorporates’ transparent company data for 4 main reasons:

• Up-to-date view of the global company universe
  Quantexa receives up-to-date information on 210+ million companies and 280+ million officers from 140+ jurisdictions – allowing for cross-border connections to be made. Fresh information was critical to Quantexa as it enables their customers to make effective risk management decisions.
• Unified data that’s easily integrated into a knowledge graph
  As the inconsistent data we collect from registries is standardised into a harmonised global schema, it made it easier for Quantexa’s team to integrate it into their knowledge graph.
• Traceable back to official sources
  As our data is traceable back to official sources, it provides confidence to Quantexa that their users are making decisions based on high quality data. For this reason, it also made an effective dataset to train Quantexa’s machine learning shell detection engine on.
• Consumable as Bulk Data via a single source
  As we provide entire populations of companies as Bulk Data, Quantexa were able to receive the full picture about companies in 140+ jurisdictions to build out their corporate networks – all via a single source.

Our data provides the foundation layer of company information that Quantexa’s CDI platform uses to resolve entities globally, join the dots to build up complex corporate networks and ultimately provide their users with a 360 degree view of risk.

• Fuller risk picture when looking forwards or backwards
  Quantexa’s customers are better able to understand the risk third parties pose as they have access to global data that the CDI platform uses to identify red flags linked to a corporate network that would otherwise be missed.
  
  For example, with the data, customers can identify risky network shapes that could indicate links to shell companies, risky agents or other entities that raise red flags for risk management teams.
  
  This is especially useful in retrospective risk management efforts, such as to identify and root out lending fraud, as with the way the UK’s Cabinet Office has adopted the platform to detect fraud in Covid-19 loan schemes.
  
  Better yet, links to companies or their agents that pose red flags are available from the time they are incorporated – providing Quantexa’s customers with early warning signals from day one.

• Drives entity resolution
  By referring back to OpenCorporates’ company data, Quantexa’s platform is able to resolve inconsistent references to companies around the world in various datasets back to their corresponding legal entity – as per the record from the relevant official company registry.