To protect your business, it is essential to work with financially sound and compliant customers, distributors, dealers, franchisees, suppliers, and vendors. The Rubix Business Check, our BIR solution, provides the easiest means to obtain all necessary information regarding the creditworthiness and supplier and compliance risk of potential business partners. Here’s how the Rubix Business Check … Continue reading Assessing Credit, Supplier and Compliance Risks with Rubix Business Check
Tag Archives: Risk Management
Key Trends that are Increasing the Focus on Third-Party Risk Management
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
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
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
EWS – Your Shield Against Unforeseen Supply Chain Financial Risks
https://rbx-wordpress-site-media.s3.ap-south-1.amazonaws.com/wp-content/uploads/20230130102933/Early-Warning-System.mp4 Supply chain disruptions can have a significant impact on businesses. They can lead to delays in the delivery of raw materials, components, and finished products, which can cause production delays and shortages. This can result in lost sales and revenue, as well as reduced customer satisfaction. In addition, if a business is unable to … Continue reading EWS – Your Shield Against Unforeseen Supply Chain Financial Risks
Video KYC – The New Normal in Digital Onboarding and Fraud Prevention
As consumers have become more adept and comfortable in transacting online, the adoption of Video KYC has grown exponentially. Video KYC is increasingly replacing lengthy physical verification processes with the blessings of regulators in India. In a circular released on January 5, 2023, the Reserve Bank of India (RBI) has given a nod to complete … Continue reading Video KYC – The New Normal in Digital Onboarding and Fraud Prevention
Business Information Report – An Essential Tool in Risk Management
Imagine you have a vacancy in your company. How would you fill it? You would request prospective candidates to send in their resume with information about their work experience, educational background and work skills, assess them based on their resume, interview them, and then decide on the right candidate. Now, imagine your business needs to … Continue reading Business Information Report – An Essential Tool in Risk Management
Modern Credit Risk Management for the CFO of Today
Finance teams in most companies have realised that they must adopt the technology and tools driving change in modern businesses. Today’s companies need finance leaders who can leverage technology to manage emerging risks. The main task of modern-day CFOs is to plan for and forecast the future financial performance of their company in a rapidly … Continue reading Modern Credit Risk Management for the CFO of Today
11 Ways SMEs Can Improve Their Credit Risk Scores
Small and Medium Enterprises (SMEs), the backbone of the Indian economy are hemmed in between the large corporate and retail segments in terms of loan ticket size and have the least credit penetration. This is because non-incorporated SMEs are subject to relatively relaxed financial disclosure norms to avoid burdening them with too much compliance; this … Continue reading 11 Ways SMEs Can Improve Their Credit Risk Scores
Legal Entity Identifier (LEI) as a Gold standard
Several national, regional, and other identifiers are being used to cover specific needs in business, but the Legal Entity Identifier stands out compared to them because it is truly global and has already been adopted by many regulatory authorities across the world. The Legal Entity Identifier (LEI) is a 20-character, alphanumeric code that uniquely identifies … Continue reading Legal Entity Identifier (LEI) as a Gold standard