How they describe themselves: OutsideIQ has developed a risk-based cognitive computing technology that uses natural language processing (NLP) to uncover potential risks of a subject that are not efficiently found using current technologies. The technology is capable of producing fast due diligence reports on individuals and corporate entities using web and deep web interrogation. The more information OutsideIQ ingests, the smarter and more intelligent its search capabilities become.
How they describe their product/innovation: Our product, DDIQ, was launched in March of 2015 after years of R&D. It is an automated investigation technology that accesses a range of sources such as the open and deep web, corporate registration records, and premium information to automatically and comprehensively assess risk, producing a detailed Due Diligence report in minutes.
We have expanded our DDIQ product to integrate into financial institutions’ Client On Boarding (COB) systems to identify sources of risk within their Know Your Client (KYC) workflow. Making this technology extension available, via API, significantly assists institutions to meet the much more strict Regulatory pressures they are facing. This is a new module announcement to the existing product and our showcase at FinovateEurope 2016 is the worldwide release of this new module.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Bus. Dev., Press & Sales: Joe Oswald, COO, Joswald@OutsideIQ.com