Page 139 - KZN Top Business Portfolio 2024/5 - ebook

the law. In addition, the platform allows the user to access
all five credit bureaus in South Africa in one place, with
the ability to confirm the identity of an individual, their
address, financial status and more. SearchWorks then
combines the findings, giving a view of an individual or
company from various sources, in a single report.
SearchWorks also offers business the ability to perform
detailed Politically Exposed Person (PEP) and Sanctions
checks when onboarding new customers, as well as
during the ongoing review of clients, to ensure that
its reputation, revenue and capital are well protected.
Keeping the tainted funds of corrupt individuals and
businesses out of the legitimate financial system is
a vital outcome of effective KYC procedures. These Sameer Kumandan, Managing Director
checks help to lower the risk of your business being
used as a vehicle for criminal activities.
External Attack
Nearly 70 percent of organisations globally report that
their most serious fraud incidents come via external
attack, in the form or hackers or organised crime
syndicates, according to PwC’s latest survey. Not only
can this type of fraud lead to huge financial loss, but
also a ruined reputation, which can ultimately lead to
the downfall of a business.
Now more than ever organisations need to have
systems in place to reduce the risk of falling victim to
these financial crimes. Businesses have the power to John Frier, IT Executive
fight fraud by ensuring consistent KYC procedures are
in place during onboarding. With SearchWorks, this
process can be done quickly and accurately, without
disrupting customer journeys.
Cloud Technology
SearchWorks offers property related searches, credit
related searches, individual validation checks such
as qualification checks and criminal checks, and
also has access to company information and vehicle
information, all of which supply and support a wide
range of users, across various industries including:
accountants, auditors, attorneys, auctioneers, bond
originators, bureaus, car dealerships, credit providers,
debt collectors, estate agents, financial institutions, Chantelle Frier, National Sales Manager
government, insurance companies, municipalities,
property development, schools and tracing agents,
among others.
This is made possible through our cloud technology,
greatly increasing the reliability and uptime of our
application and reducing unnecessary interruptions.
The SearchWorks management team collectively
brings 75 years of combined experience to the table.
This long-standing team understands everything
there is to know about the data industry – it’s what
makes the team tick. Together, this formidable team,
paired with their passion and belief in their business
is what makes SearchWorks the success that it is today. Shaun Viljoen, Senior Business Analyst

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