Case Study: a Fortune 500 financial services company speeds due diligence and saves over $1.1M with Ontic

Informing Important Business Decisions With Consistent Due Diligence

The customer, a Fortune 500 financial services company, faced significant challenges in its due diligence process, including an ad-hoc approach with no formal screening, antiquated tools, and a lack of visibility that led to missing critical information. To address this, they partnered with Ontic and its platform, which includes the Integrated Research product, to establish a consistent and thorough risk-based due diligence program.

By implementing Ontic's connected platform, the company was able to produce high-quality due diligence reports in hours instead of days. This solution enabled the production of over 500 reports in two years, uncovering critical information like bribery allegations through Adverse Media searches. Ontic's software helped the company save over $1.1 million by bringing this capability in-house and strengthened its risk intelligence program across multiple business functions.