IBA Visual Analysis Studio (IBA VAS)

As of July 2022, the product is no longer available for purchase.

2019

Integration with YouScore and adaptation for the Ukrainian market

On February 19, 2019, IBA Group announced that an IT solution has become available in Ukraine that is capable of identifying unreliable customers or counterparties with a high degree of probability even before cooperation with them. The Visual Analysis Studio (VAS) solution was adapted for the Ukrainian market by two companies - YouControl from Kyiv and IBA Group. In January 2019, the developers completed the integration and signed a memorandum of cooperation to consolidate the agreements on paper and jointly promote the solution on the Ukrainian market.

As noted in the IBA Group, VAS identifies direct and indirect relationships between existing or potential counterparties based on closed internal sources of the user: for example, information about clients and counterparties, a list of debtors, unreliable partners, credit rating. Workers no longer have to manually collect, aggregate and analyze corporate data. As a result, the user sees complex relationships in graphical form.

Closed information is compared with data from public registers of Ukraine. The sample is provided by the YouScore analytical system, which was developed by experts from YouControl. It collects information relevant for the time of request from more than 50 state registers and forms a dossier for each company or individual from Ukraine. According to information as of February 2019, there are 4.5 million registration data of enterprises and individuals, more than 60 million court documents, 300 thousand licenses and permits in the system. YouScore data is sent to the VAS via the API.

"It is important for Ukrainian business to introduce modern technological solutions in order to avoid cooperation with unreliable counterparties. Therefore, we combined YouControl's work on identifying links with Visual Analysis Studio. This will strengthen both products and make it possible to offer Ukrainian companies a really necessary tool. " Sergey Milman, founder and CEO of YouControl

"Cooperation in the field of automation of multifactorial analysis of versatile information in order to identify financial frauds and corrupt schemes is under active development in Ukraine. This is caused by the requirements of both the legislation of modern Ukraine and the trend of digitalization of society, which is an integral reality of our life. And above all in the field of online services organizing the analysis and verification of business entities. " Sergey Baibara, director of IBA Ukraine

Description of IBA VAS

IBA Visual Analysis Studio (IBA VAS) is an analytical solution for detecting fraud schemes. The solution helps visualize and conduct interactive investigations, explore data with complex relationships in a convenient graphical form.

According to February 2019, using IBA Visual Analysis Studio, the following tasks can be solved:

• Combine large amounts of disparate data about different objects
• Understand complex relationships between objects
• Highlight the most relevant data for analysis
• Identify hidden relationships and schemes that are difficult to detect by other means
• Reduce time spent searching for sensitive information in complex and heterogeneous data
• Make reasonable and prompt decisions based on the analysis performed.

The solution is based on modern open technologies.

Features

• Full web interface for online investigation
• Availability of the cloud deployment option
• The ability to quickly adapt the solution to your needs - your own development team and support team
• Large Database Support
• Integration with any data source.

Applications

The solution is suitable:

• Banks, compliance control units, to prevent bribery and corruption (Financial Crime/Fraud Prevention), counter the legalization ("laundering") of proceeds from crime and the financing of terrorism (AML, CFT);
• Insurance companies, insurance investigation units, to investigate insurance events and fraud
• Financial investigation bodies, law enforcement agencies and special services to prevent tax evasion, conduct criminal and other investigations, investigate and prevent criminal acts, detect vulnerabilities and other features;
• Telecom operators to detect fraud related to theft of long-distance communication and cell phone traffic;
• Security services of commercial structures and collection agencies.