In today’s world, there can be no business without external stakeholders -whether they are customers, distributors, dealers, franchisees, suppliers, vendors, etc. In an increasingly globalised, connected, and turbulent world, it is important to protect your business from third-party risk. Here are 4 global trends that have turned the spotlight on third-party risk management: 1. Globalisation and … Continue reading Key Trends that are Increasing the Focus on Third-Party Risk Management
All posts by Rubix Data Sciences
What Happens When a Legal Entity Identifier (LEI) Lapses?
In today’s business landscape, Legal Entity Identifiers (LEIs) have become essential for identifying legal entities engaged in financial transactions globally. Therefore, the expiration or lapse of your LEI can have significant consequences for your business. In this blog post, we will explore the implications and potential challenges that arise when your LEI lapses and highlight … Continue reading What Happens When a Legal Entity Identifier (LEI) Lapses?
Rubix Business Information Report
Are you tired of sifting through endless spreadsheets and reports to identify potential risks that your business faces from its counterparties like customers, distributors, dealers, suppliers, vendors and partners? Rubix Data Sciences has the perfect solution you’ve been searching for! The Rubix Business Information Report provides a comprehensive analysis of the credit, supplier and compliance … Continue reading Rubix Business Information Report
Rubix Overseas Business Check
Looking to take your business global? Congratulations, you’re a risk-taker! But before you hop on that plane, make sure you’re equipped with the knowledge to make smart decisions. Introducing our overseas business check report! Our team of risk management experts scours the globe to give you the information you need to make informed decisions about … Continue reading Rubix Overseas Business Check
The Fundamentals of Credit Risk Management and How to Mitigate Credit Risk
The Fundamentals of Credit Risk Management and How to Mitigate Credit Risk “We are experiencing a fundamental shift in the global economy, from a world of relative predictability … to a world with more fragility — greater uncertainty, higher economic volatility, geopolitical confrontations, and more frequent and devastating natural disasters,” said Kristalina Georgieva, Managing Director … Continue reading The Fundamentals of Credit Risk Management and How to Mitigate Credit Risk
11 Ways You Can Improve the Creditworthiness of Your MSME
Obtaining timely and adequate credit is imperative for MSMEs to grow and expand. Here are 11 ways you can improve the creditworthiness of your MSME. 1. Maintain your company’s correct legal identity and contact details across all statutory databases. 2. Ensure that bank and NBFC loans are serviced on time and credit card payments are … Continue reading 11 Ways You Can Improve the Creditworthiness of Your MSME
Why is risk management important in modern supply chains?
The primary reason for businesses to exist is to make profits. In a perfect world, having a good product that caters to a specific need for a growing base of customers would ensure profits. Unfortunately, we do not operate in such a perfect world. Many variables drive business success. The last two years have shown, … Continue reading Why is risk management important in modern supply chains?
17,234 corporate borrowers have furnished their Legal Entity Identifier (LEI) code
On February 6th, 2023, India’s Minister of Finance, Dr. Bhagwat Karad, responded to an unstarred question (PDF) from the Parliament regarding “Corporate Borrowers,” which mentioned the Legal Entity Identifier (LEI). In his answer, Dr. Bhagwat Karad stated that Public Sector Banks (PSBs) have informed that “17,234 non-individual / group borrowers have furnished their Legal Entity Identifier … Continue reading 17,234 corporate borrowers have furnished their Legal Entity Identifier (LEI) code
Financial Frauds in the B2B Sector and How to Tackle Them
A simple Google News search of ‘Financial Fraud in India’ returns 44,90,000 news articles. Fraud in the Indian Business landscape has become an oft repeated word, with not just the quantum rising, but also the complexity (the NSE case for example). Let us look at some of the common types of types of B2B fraud that … Continue reading Financial Frauds in the B2B Sector and How to Tackle Them
Data Privacy Day – 28 January
Recently Twitter was in the news for allegedly being the target of a hacker who demanded $200,000 to hand over the data of 400 million users, including some celebrities, and politicians. Though it turned out that the actual breach was only for 200 million users, Twitter was a target for such hackers very frequently in … Continue reading Data Privacy Day – 28 January