Adverse Events Screening Solution

Avert crises, prevent product recalls, and
avoid damage to your reputation

Adverse Events Screening Solution

Monitor unstructured data sources everywhere for near-real-time notifications about potential threats, incidents and crises

In an era of ever-increasing data, complex and interconnected ecosystems, and even “fake news,” it has become more difficult to maintain effective adverse media screening processes and accurate information.

Adverse media screening, also known as negative news screening, is the interrogation of public data and third-party data sources for negative news or broadcasts associated with an individual or a company. Adverse media screening involves searching for negative news about a person or business. It also can be a key part of Know Your Customer (KYC) and Anti-Money Laundering (AML) processes for banks.

Negative news of a client may not always be a conviction or proven financial crime, but bad payment history or identification of legal non-compliance might expose a company to risks.

The dynamic nature of adverse media screening makes it impossible for humans to analyze data to identify risks faster since it is labor-intensive. Should an organization not react in time, depending on the nature of the incident, then your company:

  1. Might be exposed to business risks
  2. Could have its reputation damaged forever
  3. Can suffer fines or legal penalties

The Squirro Adverse Events Screening Solution monitors unstructured data sources all over the world to notify organizations in near-real-time about potential threats, incidents, and crises. It overcomes language barriers and geographical/country intricacies. Those businesses can then benefit from informed decision-making relating to risk and how to manage it effectively.

Analyst Report

Read Gartner's Magic Quadrant for Insight Engines

It is with great honor and pride that Squirro announces its addition to the Gartner 2021 Magic Quadrant for Insight Engines as a Visionary. In this report, Gartner recognizes our Completeness of Vision and Ability to Execute.

UNDERSTAND

Adverse Events Screening Solution

1

Significantly Reduced Risk for Organizations Across Industry Groups

  • It's virtually impossible to track all the incidents and events that might adversely affect a business.
  • Automated adverse media screening services can screen clients in bulk across many databases, news sources, social media updates for the most relevant outputs.
  • The Squirro Adverse Events Screening Solution collects and collates this data and shares it with the users in a format of their choice, keeping them aware of all risks to the business and preventing crises from escalating.

2

Real-Time Alerts and Warnings

  • Incidents that affect an organization can spiral very quickly if they are not identified and addressed.
  • The Squirro Adverse Events Screening app scans the very latest mentions of incidents, threats, and risks relating to their business, and notifies users of them in real-time.
  • This means they can act almost immediately to prevent the situation from escalating and long-term damage can be avoided.

3

A Customizable Dashboard for 360° View of Incidents

  • The Squirro Adverse Events Screening Application comes with customizable dashboards, compiling all information relating to incidents and potential risks.
  • Dashboards can be tailored according to preference, filtered by location, type of risk, severity of risk, and much more.
WHAT’S IN IT FOR YOU

Impact for Your Organization

Highlights

  • Monitors hundreds of data sources – many of which are unstructured – to find incidents or events that affect risk.
  • Real-time notifications of any incident or event that threatens an organization.
  • Deploys Smart Filters for specific incidents, business divisions or sentiments, to filter out irrelevant news.
  • Customizable dashboard presenting all risk information according to preference.

Benefits

  • Acts as the perfect crisis management solution, providing a deep understanding of the potential risks impacting the organizations.
  • Ability to respond in near-real-time when addressing potential risks and threats.
  • Can prevent product recalls, reduce reputational damage, prevent crises from escalating, and help with mitigating all risk effectively.
THE SQUIRRO DIFFERENCE

Customers love Squirro for its simplicity and scalability

Squirro users have access to do-it-yourself unstructured data analytics and can create shareable dashboards on the go, using the easy and intuitive user interface.

Squirro is built with Elasticsearch, the world’s leading open source search and analytics solution, allowing organizations to leverage their existing investments into the best open-source, full-text search engine.