CTOS, Malaysia’s largest credit reporting agency, and Handshakes Technology (M) Sdn Bhd, a corporate intelligence technology provider, have signed a partnership agreement to provide corporate intelligence services to Malaysian companies under the banner of ‘CTOS ConneX’.
CTOS ConneX is one of the most powerful analytics tools in Asia, providing a streamlined service for efficient searches of business or person profiles and relationships across various Asian markets. It is a one-stop, central operating analytics platform that maps out all possible and existing connections between companies and persons within the business ecosystem.
Through IPO prospectuses, corporate disclosures, annual reports, news releases and directors’declaration, CTOS ConneX dynamic platform provides access to curated and disambiguated corporate information and keeps track of companies in Malaysia, Singapore and Hong Kong, thus allowing banks, capital markets professionals, regulators and researchers to gain insight into any company or person within the region.
“With the ever-growing amounts of cross-border trade, as well as an increased appetite for knowledge on potential businesses and enhanced risk management, CTOS ConneX will provide our corporate clients with an invaluable tool with which to supplement our current credit risk products available through CTOS Credit Manager,” said Dennis Martin, Group CEO of CTOS Holdings Sdn Bhd.
CTOS ConneX uses an algorithm to find paths of commercial interests between multiple companies and people, which helps in identifying conflicts of interests within seconds, instead of trawling through hundreds of records that can be both costly and time-consuming. From a single name, both radial and hierarchical relationships can be analyzed featuring individuals and corporate entities.
The networks provided can be localized to purely Malaysia, or can include data from across the border in Singapore and Hong Kong as well.
“Conducting background checks and due diligence has been a manual time-intensive process for years, our technology automates this,” explained CEO and Founder of Handshakes Technology, Daryl Neo. “Our product excels in this field as we specialise in the analysis of networks of companies. Currently, our tools are widely used by Malaysian governmental institutions. Through CTOS and their vast corporate network of over 10,000 SME’s, we intend to provide access to the private sector as well.”
CTOS ConneX will be available from 7th September 2017. Companies can sign up for a FREE 7-Day trial anytime from now until 31st October 2017. Whilst the primary function has been for due diligence purposes, current clients have also found the tool to be an important aid in business development, by identifying related potential new clients from their existing client lists, as well as asset recovery for insurance and legal purposes.