"How AI Can Make Background Checks Smarter"
In today’s high-stakes deal making environment, yesterday’s due diligence background checks that rely on simple Google searches and personal references won’t cut it. What’s more, the COVID-19 pandemic has demonstrated that investors can’t always rely on in-person interaction to evaluate potential business partners, and thus, risk management solutions need to hold up even when exchanges happen online. When allocating significant capital to an individual or company, investors need to make sure they are placing their trust in worthy hands. This requires conducting pre-investment due diligence that goes beyond the standard DDQ and takes an in-depth look at company executives. However, the proliferation of data has made it more difficult than ever to run these screenings in a timely and accurate manner.- Sunday, June 12, 2022