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February 11, 2019

Thomson Reuters Introduces CLEAR Risk Inform to Manage Risk Assessments, Prevent Fraud

Customizable search algorithm enables creation of acceptable risk tolerance, increases efficiency

MINNEAPOLIS-ST. PAUL, February 11, 2019 – Thomson Reuters has launched CLEAR® Risk InformTM, a new product to improve the risk-analysis process for organizations and the first risk-scoring solution to bring together analysis and public records with customizable definitions.

CLEAR Risk Inform was developed in collaboration with industry experts in banking, finance, insurance, healthcare, provider enrollment and vendor management organizations. These industries have thresholds aimed to minimize fraud, waste and abuse when exploring whether to conduct business with a prospective entity. CLEAR Risk Inform allows organizations to create an institutionalized risk assessment from public data.

CLEAR Risk Inform enables organizations to:

  • Maintain compliance with anti-fraud and anti-money laundering regulations
  • Customize criteria to establish scoring rules that best reflect the organization’s level of acceptable risk
  • Create efficiency by focusing on high-risk reviews
  • Build on the organization’s current information

“Thomson Reuters CLEAR Risk Inform is the easiest way to analyze crucial information about people and businesses, their affiliations, assets and more from a vast collection of public and proprietary records,” said Kevin Appold, U.S. Public Records Lead for Thomson Reuters. “Through the customization made possible by CLEAR Risk Inform, an organization can establish its own risk level by assigning certain scores for various risk factors, creating a repeatable risk analysis that is not influenced by human bias or human error and improves efficiency through a tailored workflow.”

CLEAR Risk Inform can provide risk assessments that include an array of legal offenses including counterfeiting, identity theft, fraud, money laundering and more. And Thomson Reuters attorney editors have coded and organized content into a system where users can focus on serious offenses and avoid irrelevant results.

“Thomson Reuters has analyzed data for more than 100 years, and we have taken criminal records from across state and federal jurisdictions, enhanced with our proprietary data, to deliver information needed to assess risk in a way everyone can understand and make decisions with greater confidence,” said Appold. “With hundreds of interactive risk flags, analysts can view flagged records for further evaluation.”

To learn more, visit Thomson Reuters CLEAR Risk Inform.

Thomson Reuters is not a consumer reporting agency and none of its services or the data contained therein constitute a ‘consumer report’ as such term is defined in the Federal Fair Credit Reporting Act (FCRA), 15 U.S.C. sec. 1681 et seq. The data provided to you may not be used as a factor in consumer debt collection decisioning, establishing a consumer’s eligibility for credit, insurance, employment, government benefits, or housing, or for any other purpose authorized under the FCRA. By accessing one of our services, you agree not to use the service or data for any purpose authorized under the FCRA or in relation to taking an adverse action relating to a consumer application.

Thomson Reuters

Thomson Reuters is the world’s leading provider of news and information-based tools to professionals. Our worldwide network of journalists and specialist editors keep customers up to speed on global developments, with a particular focus on legal, regulatory and tax changes. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.

CONTACT

Jeff McCoy
+1.651.687.4091
jeffrey.mccoy@thomsonreuters.com

Mark Harrop
+1.646.223.7803
mark.harrop@thomsonreuters.com