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opencorporates

@opencorporates

Largest open database of companies. Winner of the Open Data Business Award by @ODIHQ. Subscribe to our emails: bit.ly/3n5xcbD
OpenCorporates.com Joined November 2010
68 Following 10K Followers 4.9K Posts

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opencorporates @opencorporates
In our new blog series we are dive into the most important questions behind modern commerce.

What actually is a legal entity? Why is it so powerful? And why, despite the digitalization of global trade, do we still lack a universal way to identify them?

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blog.opencorporates.com What actually is a legal entity? - OpenCorporates Part 1 in a series on the fundamentals of legal entity identity data. Think about the last time you signed a contract. If it was done in a work context, perhaps it was a supplier agreement, a SaaS...
opencorporates @opencorporates
The US GAO analysed OpenCorporates data on about 109.4 million entities across all 50 states, DC and Puerto Rico for its report on fraud in federal programs. Its finding: state registries alone can't reliably show who owns a business. eu1.hubs.ly/H0zPHB10
www.gao.gov Fraud in Federal Programs: Limited Beneficial Ownership Information Available on Awardees U.S. companies aren't usually required to disclose the identities of people who benefit from owning them. This lack of transparency may help people...
opencorporates @opencorporates
FintechSpecs compared eight business registry APIs for KYB and named OpenCorporates its primary recommendation for international entity verification.

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fintechspecs.com Best Business Registry APIs for KYB: Secretary of State Data Compared Middesk, Baselayer, Cobalt Intelligence, OpenCorporates, and D&B compared across US state coverage, SOS filing history, EIN matching, and pricing. The FintechSpecs decision stack for KYB teams.
opencorporates @opencorporates
How do you bank high-risk businesses when a license can lapse at any time? Shield Compliance verifies state business licenses for banks and credit unions with the OpenCorporates API, then rechecks them every 90 days. 👇
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blog.opencorporates.com How Shield Compliance uses registry data to power compliance for high-risk businesses - OpenCorpo... Shield Compliance builds the software that allows banks, credit unions, and other financial service providers to serve high-risk businesses. It started in cannabis banking in 2018 and now also covers...