The research arm of a major European bank was manually tracking around 1,500 companies
that are its current or potential clients for signals of business risk. A key indicator of
risk is negative news on monitored companies. But the manual research of negative news on
clients monitored for business risk was tedious and time-consuming. This led to the search
for an automated process to help them surface and deliver negative news in real-time.
Implementing Contify’s AI-enabled Market and Competitive Intelligence platform empowered the bank’s research team to reduce turnaround times from 48 hours to a few minutes. Within the first month, Contify was able to flag five companies that could have increased the bank’s risk exposure. Using the real-time risk alerts, Contify enabled account owners to swiftly act on negative news.
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