Nowhere to Hide: Creditsafe Launches New Trace and ID Solution with GBGroup

 Published: Wednesday March 13, 2013

 Written by GBG News on News

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London – 13th March 2013 Creditsafe, the business intelligence experts, has announced it will be working with GBGroup (GBG), the leading global identity management business, to provide a significant upgrade to the Trace, ID Verification (IDV) and Anti-Money Laundering (AML) features built into its online company credit reporting service. Existing clients will be updated to the new products to give them access to the widest and most up to date range of UK population data ever made available.

Creditsafe chose to upgrade its Trace and ID capabilities in partnership with GBG following a competitive tender. It chose GBG because it was able to provide the most robust and intuitive Trace and IDV solution and because of the breadth and depth of its identity information, which is delivered in the best format to integrate seamlessly with the Creditsafe platform. As well as providing data from the UK electoral roll, the mortality database and ‘gone away’ files, GBG maintains accurate data from the largest consented database available in the market.

Creditsafe Trace allows users to trace individuals who have relocated or changed their name, providing features such as reverse telephone number look-up, related identity information and a contact appending service. Trace can also be used to confirm contact details, ensuring that the companies which Creditsafe users deal with are always who they say they are.

Creditsafe ID and AML are used to identify individuals and to ensure AML compliance in accordance with Joint Money Laundering Steering Group (JMLSG) guidance. AML can screen individuals against Politically Exposed Persons (PEP) and Sanction data – and provide a clear, electronic audit trail.

David Knowles, Business Development Director at Creditsafe, said: “Companies operating in tough economic conditions need to ensure tight fiscal controls while also meeting regulatory requirements. We wanted to provide the widest possible set of data to help our customers locate and contact individuals who owe them money. Customer due diligence is also imperative for any business that has to comply with Know Your Customer (KYC) or AML regulations. Creditsafe AML provides a full audit trail to demonstrate their compliance. We decided to work with GB Group because it could provide us with the widest possible scope of data for these applications – in line with our own ambition to make company data as transparent as possible to our customers.”

Ryan Morrison, Head of IDV New Business Sales at GBG added: “Identity information changes every second of every day. Increasingly, more businesses are putting identity matters at the very hub of their operations, as a world without borders and an ever increasing mobile population presents new challenges for verifying and maintaining contact with customers. We are excited to be working with Creditsafe to deliver identity intelligence to their customers and be part of their long term strategy, which includes their global business aspirations.

About Creditsafe Group 
The Creditsafe Group is Europe’s most used supplier of company business intelligence with five Creditsafe Group reports downloaded every second!

Privately owned and independently minded Creditsafe is looking to change the way business information is used by providing high quality data in an easy to use format that allowing everyone in an organisation to benefit from it.

Launched in Norway in 1997, Creditsafe has offices in the UK, Germany, France, Sweden, Ireland, Belgium the Netherlands and the USA employing over 500 people and has more than 56,000 customers.

For more information please contact:

Tom Wilson 
Citigate Dewe Rogerson 
020 7282 2842
Ewan Robertson 
Citigate Dewe Rogerson 
020 7282 2981

Maxine Morgan, GBGroup 
Tel: +44 (0)1244 657333

About GB Group plc 
GB Group is a leading Identity Management business. It helps organisations recognise and verify all elements of an individual’s identity at every interaction. Through the application of our proprietary technology, we enable organisations to connect, communicate and transact with people safely, responsibly and profitably. In doing so, we help businesses like O2, Laura Ashley, HMRC, LloydsTSB, Virgin Games, PartyGaming, Betfair and Ladbrokes understand their customers better to create more meaningful customer interactions – and reduce costs across the business. 
GB Group - because identity matters™

GB Group is listed on the London Stock Exchange (GBG).

For any further information, please contact: 
Maxine Morgan, GBGroup 
Tel: 01244 657333

Louise Waller, Bite Communications 
Tel: 020 8834 3445

March 2013