SPARK-Interfax

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• Big Data
• Data mining Data mining

SPARK is a reference and analytical system for companies created by Interfax Group to check counterparties, assess tax, credit risks, manage receivables, and identify affiliates. SPARK aims to develop services that allow customers to comply with legal requirements, reduce risks, and analyze large amounts of data. SPARK is developing a scorching system that allows determining the level of trustworthiness of a potential counterparty and the level of its financial stability. The system is based on the most modern technologies, flexible software development methodologies (Scrum, Kanban, DevOps, UX), knowledge of information sources and customer needs, analytics innovations (mathematical models based on graph theory, linguistic analysis, etc.), as well as the use of Big Data technology, including machine learning, data mining, ETL.

SPARK is used by employees of the departments of economic security, risks, internal audit and control, marketing, M&A, as well as compliance officers, lawyers, financial directors and financial controllers. Every year, the system processes more than 500 million requests from tens of thousands of users.

2024: Availability in CRM ELMA365 with Integration Module

The developers of the Low-code platform ELMA365 and the SPARK-Interfax system have released a module for the ELMA365 CRM product. Now customers can instantly receive analytics on counterparties and make a decision on cooperation. Elma announced this on December 24, 2024. Read more here.

2022: Launch of the service "Business Reputation Assessment "

On March 24, 2022, the company Interfax"" announced that it had supplemented the functionality of the SPARK-Interfax system with an expanded module for business reputation analysis and early risk detection based on materials, MEDIA which was created on the basis of data the reputation management and - media analysis system. "Scan Interfax

The Business Reputation Assessment service allows you to automatically track mentions in the media by user lists of companies and persons and receive reports with "risky" news every day. The use of the service reduces the time for monitoring, analysis and assessment of the situation on the object and eliminates the need to use several systems in operation - the information is available in single window mode.

"Based on the needs of customers, we optimize our IT products, combining them into the Interfax ecosystem. Connecting the presented service will allow you to quickly and accurately track emerging problems throughout the list of business partners thanks to the enriched data of our analytical system, "- said SPARK-Interfax executive director Alexei Kobin.

The updated functionality also complements the standard capabilities of SPARK-Interfax to find affiliation. The function of receiving news by group of companies and beneficiaries within the framework of one request allows you to identify hidden links based on references in the news. Media reports do not guarantee one hundred percent affiliation, but may serve as a reason for further investigations.

"Media monitoring is already an almost mandatory risk assessment tool for any security professional. Often the first signals about negative events in the company appear in the media space. Analysis of risks by media allows you to detect growing problems before they acquire the status of legal facts. Timely detection of reputational risks, both own and risks from suppliers and partners, minimizes losses to business, which becomes even more important in the current economic conditions, "- commented on the launch of the service, Scan-Interfax Development Director Yulia Mikhailova.

Unlike the standard module "News and Media Reports," which is available in the basic functionality of the SPARK system, the extended module provides access to the archive of news by company or person for 5 years instead of one year and makes it possible to clarify search queries, receive monitoring data on the portfolio of counterparties by e-mail.

The Scan-Interfax media and social media monitoring system, on the basis of which the Business Reputation Assessment service was created, aggregates more than 60 thousand sources, which include news agencies, newspapers, websites, blogs, regional media, paid publications and closed feeds, available only by subscription.

News is scanned for 65 risk factors that largely correspond to creditfinancial risk factors and potentially problematic topics: economic and criminal offenses, litigation and investigative actions, bank fraud non-compliance with business ethics, labor conflicts, consumer claims, falling under, sanctions deterioration of financial condition, potential bankruptcy , etc. An archive of publications for the last 5 years is available for each individual or legal entity in the service.

SPARK-Interfax is a system for assessing credit risks and ensuring business security in the Russian service market. It is used to check counterparty companies, manage risks and receivables. According to a survey conducted by Deloitte, 71.5% of large and medium-sized businesses use the SPARK system to check the reliability of partners.

2020

Integration with financial marketplace for business "Развивай.рф"

Развивай.рф 's financial marketplace for business, a joint project between Mail.ru Group and ВЭБ.РФ, announced in June 2020 the integration of SPARK API data.

The Развивай.рф platform helps legal entities and individual entrepreneurs look for loans, guarantees and other financial services. Using the SPARK API system, the service more accurately selects offers taking into account information about borrowers, and also conducts an interim risk assessment and provides partners - banks, leasing companies and development organizations - with verified information and high-quality applications for financial products.

"At the moment, we have implemented more than 300 integration solutions with customers and partners, most of them are in the banking and financial sectors. The financial sector has always put increased requirements on such key parameters as performance, security and resiliency, and we are confident that we meet these criteria, "said Alexey Kobin, Executive Director of the SPARK-Interfax system, stressing that" preliminary scoring based on SPARK data is one of the most important tools for our partners to make a decision on the applicant's reliability. "

Free access for SMB companies during quarantine

On March 31, 2020, the Interfax Group announced the provision of free access to the SPARK system for small and medium-sized businesses for the period of quarantine restrictions.

Many small and medium-sized businesses are now in a difficult situation, while now it is more important for them than ever to quickly learn about changes from their counterparties, effectively manage receivables, and monitor changes in the market. In addition, companies are forced to transfer their employees to remote work, and they need additional jobs. Taking all this into account, we temporarily opened free access to small and medium-sized businesses to the SPARK-Interfax system. I am sure that this will help business minimize losses, reduce risks, continue to effectively interact with counterparties, "said Roman Laba, Deputy General Director of Interfax, SPARK Project Manager.

Free access to the SPARK system is provided for a period of 2 weeks from the moment of registration and confirmation of the application on the site spark-interfax.ru.

SPARK functionality is also available in the mobile application. You can check the status and details of a company or individual entrepreneur, obtain extracts from the Unified State Register of Legal Entities and Unified State Register of Legal Entities, SPARK-Risks and SPARK-Profile reports for assessing the financial condition, reliability of counterparties and managing receivables.

2017: Integration with Tender Pro

In July 2017, TenderPro GC "" and Interfax"" announced the launch of a joint service that will allow ETP customers to Tender.Pro comprehensively assess the reliability of counterparties.

The SPARK counterparty verification and business risk assessment system provides up-to-date information about legal entities and individual entrepreneurs based on official data, its own sources of information and databases of international corporations. All this data allows you to quickly and reliably check counterparties.

Thanks to the presented service, users of Tender Pro, in addition to basic information (enterprise name, OGRN, TIN, OKPO, OKVED, status, management, registration period, ownership form, address), will be able to receive a report on the most important changes in the status of customers and partners (bankruptcy, change in management, joining another company, etc.).

SPARK scorings show the main risks that companies face, help to understand how safe the choice of a new counterparty is:

• The "due diligence index" shows the likelihood that the company is a "one-day firm";
• "Financial Risk Index" means the probability of insolvency of a company;
• "Index of payment discipline" - the timeliness of payment of bills by the company.

The appearance of a negative factor in the counterparty's data is reflected in the value of the index, transferring it to the "red zone."

Complete information about potential partners will help clients of the Tender Pro system make correct and informed decisions.

Service for clients "TenderPro" is provided free of charge.