D&B Checked Service
Help clients verify information provided by domestic and international enterprises, mitigating the risk of false information
Business Challenges
When verifying overseas business information, enterprises and government agencies often encounter the following challenges:
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Scattered Information Sources and Inconsistent StandardsBusiness information from overseas companies is often dispersed across various sources, including national business registration authorities, official corporate information platforms, and company websites. These sources differ in format, update frequency, and accuracy, lacking a unified standard, which makes data integration and comparison challenging.
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Variations in Corporate Transparency and ComplianceDifferent countries have distinct disclosure requirements and compliance standards for businesses. For example, some countries impose minimal disclosure requirements on private companies regarding financial status and shareholder structures, making it difficult to verify their authenticity.
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Restrictions on Cross-Border Data AccessWith increasingly stringent data privacy and security regulations worldwide, accessing or sharing corporate information across borders has become more challenging. Regulations such as the GDPR in the European Union and China's Data Export Security Assessment impose restrictions on the cross-border flow of business data, complicating the verification process.
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Language and Cultural BarriersMany overseas businesses provide registration details, financial reports, and operational data only in their local language. Additionally, regional business cultures and naming conventions vary, making it difficult to accurately interpret and verify information.
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High Costs and Low Efficiency of Manual VerificationConducting overseas business verification using in-house teams requires significant manpower, time, and financial resources. The process becomes even more complex when dealing with multiple countries and industries, leading to prolonged information retrieval and verification cycles that fail to meet the need for quick business decisions.
D&B Checked Service
Certain government agencies and enterprises serve as marketplaces or platforms, promoting and showcasing businesses that wish to join their ecosystem. However, to protect companies from potential losses, it is crucial to verify the authenticity of the information provided by these businesses before they are promoted.
Since these companies are located in different countries and regions, conducting verification through internal personnel can be challenging. In response, Dun & Bradstreet leverages its global data operations network to validate corporate information following a standardized process. D&B helps to verify companies’ existence and operation status, and grants the D&B Checked badge only to businesses that meet the verification criteria.
What We Can Offer
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Global Data Coverage to Ensure Information ReliabilityLeverage a global data network to obtain official enterprise registration information from various countries, including key business details such as company name, address, phone number, and contact email.
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Multi-channel Cross-checking to Ensure Information AuthenticityCross-reference business registration data, official records, and information provided by the enterprises to ensure the accuracy and authenticity of the data.
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On-site Verification to Confirm Actual Business OperationsUse methods like sending mail to verify the actual operational address of the company, ensuring that businesses are truly operating at the registered location and filtering out inaccurate or fraudulent information.
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Rigorous Manual Review to Enhance Verification QualityA professional team conducts data review to ensure authenticity and reliability, granting the D&B Checked badge to enterprises that meet the verification standards, helping clients avoid fraudulent information risks.
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Localized Team Support to Eliminate Language and Cultural BarriersAs business information is often provided in local languages, Dun & Bradstreet’s localized teams can directly access original documents and accurately translate, interpret, and organize them.
By understanding local business cultures and naming conventions, the teams ensure accurate matching of company names, business descriptions, registration information, and other details, increasing the accuracy of information verification.
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No Additional Investment from Clients, Efficient Business SupportClients do not need to verify overseas company information themselves. Dun & Bradstreet provides efficient and compliant verification services, helping government agencies and business platforms quickly identify trustworthy companies.
Case Studies
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HKTDC
Partnering with HKTDC to help Hong Kong SMEs Accelerate their International Expansion- D&B Checked Service
BackgroundThe Hong Kong Trade Development Council (HKTDC) was established in 1966 to promote, facilitate and develop Hong Kong's trade.
ChallengesIn online procurement, medium-sized enterprises (SMEs) often face challenges due to their limited brand recognition. Buyers tend to lack confidence in the credibility of their products or services, making it difficult for SMEs to secure deals efficiently.
Solutions & ResultsDun & Bradstreet has been working with HKTDC to enhance trust in Hong Kong SMEs on its online procurement platform through the D&B Checked Service. Each year, Dun & Bradstreet verifies company details including corporate background, contact information, and relevant registration documents.
