ACRA Use of Data
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Transcript of ACRA Use of Data
ACRA Information Services
Presented by: Bernice QuekSenior DirectorBusiness Information and Technology
12 May 2016
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Value of Information
• Information services required by businesses and government agencies
• Financial disclosure and corporate compliance
• Whole of Government (WOG) collaboration
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Overview of ACRA Information Services
Information Service Providers
Government Agencies
Private Organisations
General Public
• Business Profile• People Profile• Certificates• Financial Statements• Electronic Extracts• Microfilms• Customised Packages• Analytics
Corporate Data
(BizFile+)
XBRL Data
(BizFinx)
Subs
crip
tion
Base
d Se
rvice
s
Onlin
e Pu
rcha
se
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Data Usage by Government/Private Agencies
Agencies/Systems Purpose
Singapore Customs Activation of Customs account for purpose of trading
Ministry of Trade and Industry
Licence application and renewal
SingPass Authentication
Ministry of Home Affairs
Update of residential address
Banks Bank account opening
… and many more interfaces
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Data Analytics (Public)Peer Comparison and Industry Benchmarking – Revenue Growth
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Data Analytics (In-House)
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Data Analytics (In-House)
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Whole of Government Collaboration
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HandShakes
- Network Analysis of Company Registry Data
Traditional Model
Corporate Register Database
Canned Reports
Pros• Well-established model
• Minimal data cleaning required
• Cheap to produce
Cons• Not interactive• Low information density
• Difficult to identify clusters
Next-Generation Model
Canned Reports
Network Analytics
Corporate Register Database
Pros• Interactive and
responsive analytics• Higher information
density• Clusters easy to
identify• Generate leads and
cross-discovery• Extra channel for
canned reports
Cons• Data disambiguation
required
Identify Conflicts of Interest
Impact: Increase Transparency
Decision Maker
Supplier
Supplier
Decision Maker and Conflicted Person
Impact: Increase Productivity
Identify Ultimate Natural Owners
Search Subject
Ultimate Beneficial Owners (4 layers away)
Effective Background Checks
Impact: Increase Cross-Discovery
Search Subject
Identified Associates
Identified Associates
Large Scale Data Disambiguation
People with Common Names
Millions of Records
Jane Yeo
Jane Yeo
Verify
Verify
Verify
Verify
Verify
Parse
Next-Generation Model
Canned Reports
Network Analytics
Corporate Register Database
Pros• Interactive and
responsive analytics• Higher information
density• Clusters easy to
identify• Generate leads and
cross-discovery• Extra channel for
canned reports
Cons• Data disambiguation
required
Accounting and Corporate Regulatory Authority 10 Anson Road #05-01/15 International Plaza Singapore 079903
www.acra.gov.sgwww.facebook.com/SG.ACRAwww.twitter.com/ACRA_SG
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Reserve Slides