SDM-Bank has launched the online service Traffic Light to check counterparties18 February 2020
SDM-Bank launched the Traffic Light service assisting business clients to check their business partners.
The service safeguards legal entities from risks that can be faced in our time. For example, when making the payment you may not know that its receiver is no longer can meet its commitment, but the Traffic Light will signal possible problems.
How does it work? Based on the results of the verification, the user of the service receives an express report with comprehensive information about the counterparty. For maximum visibility, the service operates according to the traffic light principle: green light means no risks by the applied criteria, yellow suggests to pay attention to the specified alerts, red shows high risk of suspicious activity. The service provides short report for each alert.
To activate the service, just to log into the SDM-Analytics system and check the counterparty either from the account statement section or using Check Counterparty menu. At the first request, the system will offer you to sign an offer agreement. The service costs 250 rubles per month including 10 requests, the fee for each additional check is 60 rubles.
The assessment of the counterparties’ activities through Traffic Light is made online, and it takes a minimum of time, but it makes your life easier as you understand who you are working with, and you can to secure your business and minimize the risks of losing funds in the future.