FAQ
What is rehabilitation?
The insolvency of a party comes to an end when the insolvent is rehabilitated. Rehabilitation enables a person who has been sequestrated to make a fresh start, free from pre-sequestration debts and from the restrictions placed on the insolvent by the ...
Mistakes employers make when conducting background checks
Running a background check on potential employees offers the chance to identify the best professionals in your industry. Unfortunately, it is possible to make mistakes when you run a background check on an individual. By learning about the most ...
Continual risk driven background screening
The purpose of a background check is to ensure you make an informed decision. While a background check is not able to guarantee the future actions, attitude or effectiveness of a job candidate, a background check can uncover past problems that may ...
Weak or missing risk assessment
Many organizations don’t understand or are intimidated by the phrase “risk assessment.” Consequently, they don’t do one, or they do an incomplete job. Most risk management and audit standards require a risk-based approach so that controls are focused ...
Do your services negatively affect my credit score?
Our services are undertaken for a permitted purpose under the National Credit Act. They therefore are designed not to leave a footprint or stamp, which indicates that a record of a company or an individual has been accessed for the purposes of fraud ...
Does your services leave a footprint on credit records
Our services are undertaken for a permitted purpose under the National Credit Act. They therefore are designed not to leave a footprint or stamp, which indicates that a record of a company or an individual has been accessed for the purposes of fraud ...
Do you undertake automated assessments of non South African individuals and companies?
Currently we have only enabled automated lifestyle, third party due diligence and integrity screening for subjects that have a South African domicile, which includes South African citizens, companies, trusts and persons with a permanent residence ...
Third party due diligence - do you undertake pre-checks or the continuous monitoring of a database?
We do both, that is pre-checks as well as ongoing monitoring. This allows you to deal with potential vendors as well as those who you have already engaged. Our TPDD product is designed to undertake pre-checks before you on board a vendor. We assess ...
Fraud prevention and compliance with POPIA and the NCR
We are aware that we are working with individual’s or organisation’s private data. All our products and services have been thoroughly evaluated by a global law firm, a recognised National Credit Act regulatory expert and TransUnion’s international ...
Identify and prevent risk behaviour before entering employment with integrity vetting
Background screening and integrity vetting usually take place prior to a person employment within an organisation. - It gives you a completely unbiased view of an employees lifestyle in relation to his/her income - Helps you identify employees that ...
Understand and anticipate supply chain and tender risks with comprehensive business reporting
Third party Due Diligence is a service to enable you to accurately understand supplier risk within a supply chain. - It gives you a completely unbiased view of an supplier’s risk profile - Helps you identify suppliers that may be fronting or ...
How do I know which product to purchase?
We undertake a needs analysis when you request a proposal from us to ensure that we identify the correct product to help you obtain the benefits our business case provides. The process is simple; 1. Tell us about your corruption risk priorities and ...
We keep your data safe
Strong safeguards are in place to help protect your privacy. All data is stored in encrypted format. Software-based security tools to monitor and protect the flow of information into and of out of your secure portal which meet the requirements of the ...
How does Corporate Insights continually monitor, detect and prevent risk?
We've created a modular system powered by artificial intelligence and smart logic to enable you to continually monitor, detect, act on and prevent critical risks with your employees, suppliers or customers. By combining the power of TransUnion’s big ...
What is default data?
Default data is information supplied to a credit bureau by the credit grantors that relates to late payment or non-payment on accounts. Different retention periods apply for different types of defaults. Classifications such as 'delinquent', ...
What is a rescinded judgment?
When a judgment has been granted against an individual in error, or when other irregularities have occurred, or if the credit/service provider agrees to the rescission, judgment could be rescinded and removed from the consumer's credit report.
What is the role of a debt counselor?
A debt counselor helps over-indebted consumers to restructure their debt. If you are unable to service the monthly repayments on your credit agreements, you can request the assistance of a debt counselor to restructure your monthly repayments with ...
About managing Your debt
Debt management is an important skill for nearly everyone. Understanding your options for managing debt will help you stay in control of your debt. You may not be not managing credit wisely if y ou are unable to pay your credit card and store card ...
Once I paid the default, why is it not removed?
Credit bureaus are required by the National Credit Act (NCA) to retain this information on the consumer's report for the prescribed retention period - regardless of whether it reflects negatively or positively on the consumer. Therefore this ...
What is default information?
Default data is negative information supplied to TransUnion by the store or bank if you default on your credit agreement with them, that is, if you fail to pay your account. A default remains on your credit report for 1 year, depending on the ...
What is a judgment?
A judgment is granted by the court against a consumer who has not paid their debts to a credit/service provider. A judgment is public information and remains on your credit report for 5 years or until the judgment is rescinded by a court or paid in ...
Who is Corporate Insights?
Corporate Insights is a technology company that develops smart algorithms and uses artificial intelligence to continually detect, predict and prevent risks and red flags related to fraud, corruption, malfeasance and collusion in organisations related ...
Who is TransUnion?
TransUnion is Corporate Insights data partner and is a registered credit bureau and a repository of credit information on consumers and businesses. In other words, they store information on how you pay your accounts as it is provided by ...
Why do current market offerings not meet customer expectations?
We started Corporate Insights because we could not find products that could cost effectively and efficiently detect, predict or prevent fraud, corruption, state capture and collusion. Customers we spoke to identified the following short comings with ...
Data Privacy
We are aware that we are working with individual’s private data and have ensured that consent is properly obtained, and that the information received is well protected in an encrypted system. In terms of the National Credit Act 34 of 2005, employers ...
Quality Reporting
The final valuable differentiator is the way that we report the results. There is not simply one final “numeric score” and recommendation. Rather, you see the results of each input that goes into the decision so that you can understand what gave rise ...
The Model Can Be Customised
The key advantage to our decision models – customisation. While scoring models are not unique – we are all accustomed to looking at our credit score to understand whether we can and what it will cost us to go out and purchase a house – client ...
Impartial Decision Making
A third advantage to using decision-making models is to make decisions impartial. Decision making becomes largely objective and impartial, removing biases. Thus, unintended discrimination based on subjective or unwanted factors (for example – race, ...
Consistent Decision Making
A second key advantage to using decision-making models is to ensure that decisions are more consistent. By automating the decision-making process, you can be sure that the same methodology is used repeatedly, each time an application is processed.
Increasing Productivity and Profitability
One of the most significant advantages to using decision-making models is to exponentially improve productivity and profitability. Processing thousands of applications in an hour can be done easily by a decision-making model, whereas only a handful ...
Risk analysis tailored to Customers risk priorities
The Corporate Insights platform allows you to highlight and identify their risk priorities, set custom risk tolerances and thresholds. You can set KPIs and receive alerts when risk events change against criteria, you set. We enable you to ...
Quality business friendly reporting
Our analytics platform provides you with a range of reports that you will find valuable to zone in on risk areas, forecast trends and analyse past events. We have packaged these reports in a user-friendly system that will allow you to develop ...