Stay ahead of risk: No more surprises in your business operations

Organizations face a myriad of risks that can have significant financial and reputational consequences. One of the key challenges in managing risk is staying on top of the vast amounts of information available, particularly when it comes to public records and identity verification. The sheer volume of data can be overwhelming, making it difficult for organizations to effectively monitor and manage risk. This is where Thomson Reuters’ CLEAR tool comes into play, offering a comprehensive solution to help organizations prevent fraud and minimize risk. 

The webcast series, led by Amanda Dupont, Public Records Product Expert at Thomson Reuters, delves into the importance of effective risk management and monitoring. The series covers three critical topics: public records monitoring, adverse media monitoring, and increased ID check monitoring. By exploring these areas, organizations can gain a deeper understanding of how to stay ahead of risk and prevent fraud. 

Jump to ↓

The importance of proactive risk management 

Proactive risk management empowers organizations to spot potential threats early—before they escalate into costly problems. By keeping a pulse on emerging trends and vulnerabilities, risk and fraud professionals can craft smarter, more agile strategies to stay one step ahead. 

 Tools like public records and identity verification are foundational. They allow businesses to confidently verify who they’re working with, whether it’s a customer, partner, or employee, and to flag suspicious activity before it causes damage. 

Leveraging public records for risk management 

Risk and fraud professionals use public records to find valuable information. By accessing and analyzing these records, organizations can spot potential risks and take action to prevent problems. The webcast series shows how using public records improves risk management, such as verifying identities, detecting fraud, and keeping up with regulatory changes. Alert systems help organizations monitor public records, spot changes in risk, and prioritize their work so they can respond quickly to threats. 

Identity verification: A critical component of risk management

When it comes to managing risk, verifying identities is essential, especially with the increase in identity theft and fake identities. Organizations must carefully check the identities of people and businesses they work with. The webcast series discusses new trends and technologies in identity verification, like advanced analytics and machine learning, to find and stop identity-related risks. Tools like CLEAR help organizations quickly check identity documents, detect fake identities, and identify important risk factors. 

Key takeaways from the webcast series

The “No more surprises” webcast series offers a wealth of knowledge and insights for risk and fraud professionals. Some key takeaways include: 

• The importance of staying informed about emerging risks and trends
• The role of public records in risk management and identity verification
• Strategies for leveraging advanced analytics and machine learning to enhance risk management

Some of the key strategies discussed in the webcast series include:

• Implementing a robust risk management framework that incorporates public records and identity verification
• Staying up-to-date with regulatory requirements and changes
• Leveraging advanced technologies, such as machine learning and analytics, to enhance risk detection and prevention

In conclusion, effective risk management is crucial for organizations to prevent fraud and minimize risk. Thomson Reuters’ CLEAR tool offers a comprehensive solution to help achieve this through public records monitoring, adverse media monitoring, and identity verification. By leveraging CLEAR, organizations can stay ahead of risk and prevent fraud, ultimately protecting their reputation and bottom line. 

To learn more about the benefits of CLEAR and how it can help your organization prevent fraud and minimize risk, watch the full webcast series. 

Webcast Series

No more surprises: Keeping ahead of any potential risk to your business

Watch the series ↗

← Back to blog

Disclaimer

Thomson Reuters is not a consumer reporting agency, and none of its services or the data contained therein constitute a ‘consumer report’ as such term is defined in the Federal Fair Credit Reporting Act (FCRA), 15 U.S.C. sec. 1681 et seq. The data provided to you may not be used as a factor in consumer debt collection decisioning, establishing a consumer’s eligibility for credit, insurance, employment, government benefits, or housing, or for any other purpose authorized under the FCRA. By accessing one of our services, you agree not to use the service or data for any purpose authorized under the FCRA or in relation to taking an adverse action relating to a consumer application.