Banks use reputation-protection software to vet clients

02/8/2012 | Securities Technology Monitor

Banks looking to protect their reputations are using new software to collect and analyze information about potential clients, to determine whether they pose environmental or social risks. UBS, for example, has licensed software from RepRisk that sifts data from thousands of sources, including newspapers, websites and government agencies, to find potentially controversial information about clients and present it in a standardized format.

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