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Financial Services

Red Flag Alert is perfectly placed to help financial service organisations utilise up-to-date and detailed business intelligence to power their business operations. 

Red Flag Alert was built by Begbies Traynor in 2003; it enabled them to use business intelligence to become a market leader in the corporate rescue and recovery market. Some of the first users of the system were large financial services companies, such as Barclays Bank, Close Brothers and Bibby Financial Services.

The Red Flag Alert database has been fine-tuned and extensively developed since 2003. It now aggregates information on over 5 million businesses in the UK. The information contained on UK businesses is phenomenally detailed: 40+ fields are updated every day and this business intelligence can help financial services firms across every business line. Here are some of the ways it helps.

Credit Decision Making

Whether the decisions being made are about new customers or suppliers, our information will give you the detail you need to get it right. Every business in the UK has a financial health rating; this score is devised from the analysis of 142 financial indicators (and 13 years of experience). This score looks at how healthy the business is financially and red flags are assigned to businesses showing signs of financial distress.

Business Development

Whether this means building segmented sales lists or investigating potential clients in more detail, Red Flag Alert enables you to get the information you need. If you’re segmenting the market and looking to approach a particular type of client you can build a detailed profile in Red Flag Alert and then target those businesses. If you need to understand more about one specific target business Red Flag Alert will help you look into its financial situation in more detail.  You can have visibility on over 40 fields. Here are a few examples:

  •  Sector
  • Location
  • Financial health rating
  • Incorporation date 
  • Debenture holder and debenture type
  • Turnover, asset levels, and number of employees
  • Growth/distress levels
  • Director data

For business development teams this level of insight can be helpful when preparing pitches for new opportunities. For example, it is invaluable when generating deal flow in the M&A space; being able to advise on acquisition targets in depth can help M&A departments win projects and keep their deal flow high. It is just as effective at enabling the sales team of an insurance broker to segment the market into businesses which have a particular type of risk profile.

Consultancy Teams

For teams who are involved in complex project work having access to up-to-date financial information is vitally important. Data is vital to most projects, so having access to exceptional business intelligence will enable financial consultants to provide better analysis, more detailed advice, and consequently a better customer experience.

Investment Teams

  • Allocating capital using their own liquidity and client funds is at the heart of the financial services sector. Whether an analyst is working at a multi-billion dollar pension fund or a small venture capital syndicate, having a detailed view of the businesses they are investing in is critical.
  • Red Flag Alert helps these investment team’s source investments. Whether they are looking at technology start-ups or restaurant chains, they’ll be able to segment the market and find target companies, then drill down into the financials and make an evaluation on the target’s financial viability. For new businesses this can be hard but you can still take a look at the director’s history, investors, and how well they’re funded.


  • The level of regulation governing financial services is considerable; two burdens that financial services businesses need to consider is GDPR and AML regulation, both of which create regulatory risk. Red Flag Alert is well placed to ensure that both sets of regulations are adhered to. The AML checking service and GDPR compliant database of contact details ensures organisations are operating within these rules.

CRM Management

  • Most of our financial services clients have large datasets that are accessed by various departments in different ways. By plugging your CRM into our API you can ensure that your data is being updated every day, de-duped and cleaned, helping to create a consistent view on data across the organisation. Having one master file for a client that everyone can access is enhanced through using Red Flag Alert’s API. We can help ensure your MDM processes are working for you by making sure that you have a database that is being consistently updated and cleaned.

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