Finance Industry

BusinessForensics assists financial institutions (banks and insurance companies) to configure their risk management of compliance, fraud and integrity risks in a preventive way with the use of inventive software solutions.

Vision & Approach

More than ever, banks and insurance companies are exposed to risks in integrity, fraud and crime. When this is not sufficiently addressed and not adequately acted upon, the consequences in terms of reputational damage, penalties from overseers and direct costs (reimbursements) are unforeseeable.

BusinessForensics was founded in 2010 to assist banks and insurance companies in this fight using smart software and Risk management best practices.

In our vision on Risk management we use Risk based supervision instead of the traditional Rule based supervision. Risk based supervision requires trend analyses with a total view instead of a snapshot of a specific event. For Risk management to be effective, more is needed than just detection of risks and that is the reason why the BusinessForensics platform offers a total solution in data mining, big data processing up until case management and sanctioning.

In order to guide our customers in the best possible way we always choose a phased approach where the HQ solutions are put to use step by step. Our consultants are specialised in the implementation of our HQ products, taking into account your process and organisation.

Banking

  • Commerial
  • Retail
  • Investment
Insurance

  • Health
  • Indemnity
  • Life & Retirement

Retail

BusinessForensics assists companies in the retail industry to configure their risk management of cyber- and financial economic crime in a preventive way with the use of inventive software solutions.

Vision & Approach

The retail industry has been the industry with the highest growth in cyber crime activities, partly as a result of the growing amount of (user)data and online payment methods. This produces loss and theft of data, identities, possessions and financial means, with the added cost of legal aid, damage recovery and lost revenue. Also cyber crime can cause reimbursements and trouble in licensing.

Also present are internal financial economic crime risks such as bribery and corruption, embezzlement, purchasing fraud, bookkeeping fraud, HR fraud and money laundering activities that can cause heavy reputational damage and also financial damage to a business.

With our inventive solutions we assist retail companies to configure their risk management and internal controls in such a way that any threats, both internal and external can be detected at an early stage. The solutions also support in incident processing. This way, companies prevent heavy financial and reputational damage.

In order to guide our customers in the best possible way we always choose a phased approach where the HQ solutions are put to use step by step. Our specialised consultants investigate the situations and the specific requirements from every business for risk management processes and supporting solutions.

Retail

  • Offline
  • Online
  • Mobile

Energy

BusinessForensics assists companies in the energy industry to configure their risk management in a preventive way with the use of inventive software solutions in order to prevent financial and reputational damage and sanctions.

Vision & Approach

The energy industry has many financial economic crime risks, especially bribery, corruption and embezzlement occur a lot. Apart from sanctions and costs, these problems create enormous reputational damage. For companies in this industry it is crucial to have a full overview of the parties involved internally and externally, of the processes and people including their backgrounds.

Also the energy industry sees the introduction of a lot of new legislation which is based on the legislation in the financial industry which has been present for some time now. This concerns legislation in the misuse of the market, transparency and reporting which are combined in EMIR and REMIT. The knowledge and experience of BusinessForensics in combination with the insight into specific risks in the energy market create the best solution here.

With our inventive solutions we assist energy companies to configure their risk management and internal controls in such a way that any threats, both internal and external, can be detected at an early stage. The solutions also support in incident processing. This way, companies prevent possible heavy financial losses, sanctions and reputational damage.

In order to guide our customers in the best possible way we always choose a phased approach where the HQ solutions are put to use step by step. Our specialised consultants investigate the situations and the specific requirements from every business for risk management processes and supporting solutions.

Energy

  • Distribution
  • Trade
  • Network