Founded in 2003, Red Flag Alert began as a business intelligence tool to monitor companies in financial distress and alert insolvency practitioners like Begbies Traynor. Over time, the company evolved into a SaaS-based business offering credit referencing, compliance, and risk management tools. Today, Red Flag Alert provides detailed KYB and KYC checks, insolvency warnings, fraud prevention measures, and compliance solutions to a wide range of industries.
Financial Services (Likes of Santander & Barclays)
Construction
Professional Services (Legal, Accounting & Insolvency)
Local Group
CreditSafe
D&B
LexisNexis
SS
Data sources and Integrations
CRMs: Salesforce, Hubspot, Pipedrive.
Screening: ComplyAdvantage
KYC: ID4S, GBG.
KYB & Other:Â Dun & Bradstreet, Equifax, Experian.
Market Map
Strengths
The depth of data it provides on KYB is beyond impressive
Very impressive Credit & Insolvency monitoring
Platform is end to end for AML, KYC and KYB - great for volume onboarding and managing tons of entities.
Weaknesses
Lacks broader risk/onboarding features like CRAs, Payment, Signature, Forms, etc
No data flow across KYB and KYC
Lacks bulk remediation and verification capabilities
Pricing
Subscription-based pricing with optional Pay-As-You-Go Module
Aventine Rating
Aventine Comment
Excels at KYB like no other, the amount of data points is amazing, however, it could improve on flow of data and adding features to allow full client onboarding within the system