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Credit risk, monitoring & AML

The UK’s number one insolvency scorecard, providing accurate financial health ratings and monitoring for every UK business.

Red Flag Alert gives you a clear view of over 6.5 million UK businesses, showing detailed information on each business and the people running them. With 142 indicators of financial health, the unique insolvency algorithm gives you early warnings on companies that are experiencing distress.

This information is updated daily and delivered to your team in real time, allowing you to take the necessary steps to mitigate risk.

There is a significant amount of bad debt in small businesses that are not required to file accounts ­–not only is Red Flag Alert able to predict the turnover of these companies, but has developed a scoring card based on market-leading data sources and enriched by creditor services data that can accurately predict insolvency risk for any size of company.

Their health rating algorithm not only scores companies that are required to file accounts but also smaller businesses that aren’t obligated to file detailed financials, meaning you always have a reliable credit profile for whatever size of business you deal with.

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Credit Risk
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Protect and comply

Monitoring

Red Flag Alert enables you to set up alerts so that you are notified straightaway if there are any significant changes to a client’s financial health. As well as monitoring your direct clients, you can watch those further down the supply chain – for example, where a client is operationally reliant on a specific supplier or customer. This could alert you to any problems your clients may face in the future.

Anti-Money Laundering (AML)

AML policies, which include ‘Know Your Customer’ (KYC) checks, play a pivotal role in preventing money laundering, identity theft and fraud. AML compliance is a legal requirement.

Red Flag Alert’s AML Service has:

  • Enhanced due diligence (EDD) and biometric facial matching available
  • Full range of risk level checking with unbeatable match rates
  • Fast and accurate first-time passes
  • ID verification
  • Sanctions and PEPs databases and list screening
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Money Laundering
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