To help organizations avoid this, Roaring automates checkpoints in the Swedish Economic Crime Authority’s list “Do you know who you are doing business with?”. By automating the list, organizations can more easily avoid entering into bad business relationships while also saving time and money.

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In today’s business climate, operations are increasingly exposed to various forms of fraud, unscrupulous business relationships, and economic crime. Criminal actors also buy up companies and use their legitimate operations as a cover for illegal activities such as money laundering and tax fraud. To help organizations detect and avoid criminal actors, the Swedish Economic Crime Authority has developed the checklist “Do you know who you are doing business with?”. The list contains warning signals and risk factors that one should pay extra attention to, some of which are particularly serious and entail higher risk.

Roaring is launching a risk analysis that offers a data-driven, digital, and automated solution for risk evaluation and classification, with checkpoints from the Swedish Economic Crime Authority’s checklist forming the basis. Companies can analyze customers over time or carry out an in-depth analysis before a business relationship is initiated, based on what the Swedish Economic Crime Authority recommends. In the future, the risk analysis will become even more comprehensive.

“Our goal is to make it easier for companies and the public sector to make informed decisions based on data and avoid risky business relationships. The ambition is to automate as many of the checklist’s points as possible, while we are planning for a broader risk analysis in the future that also includes factors outside the list. We are already seeing positive results, and the risk analysis has already saved significant time for our customers,” says Pontus Holmberg, Head of Product and Innovation at Roaring.

By making the risk assessment process data-driven and automated, it is streamlined. Organizations can save valuable time compared with similar services on the market that require manual processing.

“We are one of the first players in the Nordics to take a holistic approach to risk management. Our new risk analysis means not only enormous time savings, but also higher accuracy and reliability compared with traditional and more outdated methods where the analysis is manual,” says Pontus Holmberg, Head of Product and Innovation at Roaring.
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Combines many different types of data

Roaring’s risk analysis combines data from different sources, including public registers and company information, to generate tailored risk reports and behavior analyses. By using both financial and soft data, such as historical company information, the number of address changes, changes in SNI code or company management, a comprehensive picture is created of risks linked to a potential or existing customer, and pitfalls can be proactively avoided.

“We can collect and analyze historical and current data about companies and changes over time. In this way, a comprehensive real-time picture of the company is created. It becomes easy to categorize suppliers and customers into different risk levels, and you get a clear overview of which ones pose a higher risk. The customers themselves define which parameters they want included and which values should trigger a risk warning,” says Pontus Holmberg, Head of Product and Innovation at Roaring.

Roaring’s risk analysis is one of the first of its kind on the Nordic market and can play a crucial role in the fight against crime.

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Read Radar’s interview with Pontus Holmberg, Head of Product and Innovation at Roaring.

Roaring’s risk analysis service launches in September 2024.

For more information, please contact:
Sandra Siljestedt
sandra@roaring.io
+46 707-42 42 98


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The new risk analysis includes, among other things:

• Number of changes on the board during different time periods
• Number of address changes during different time periods
• Number of changes in the primary SNI code during different time periods
• Turnover per employee according to historical annual reports
• Average age of representatives on the board
• Representatives’ involvement in previous bankruptcies
• Registration date of the company to enable level control of newly established companies
• VAT registration, with associated date
• F-tax, with associated date
• Employer contribution registration, with associated date
• Number of changes in base data (company information) during different time periods
• The company’s PEP connections (Politically Exposed Person)
• The company’s sanctions connections
• Representatives who appear in legal contexts
• Has not registered an auditor
• Time efficiency: By automating the risk analysis process, organizations save valuable time and resources.
• Increased accuracy: By using an extensive list of indicators from the Swedish Economic Crime Authority, Roaring’s risk analysis provides higher precision in the risk assessment.
• Adaptability: Organizations have the opportunity to tailor their risk analysis to their specific needs by defining their own risk parameters and creating their own risk models.
• Soft data: Combining financial and soft data in the analysis contributes to a more comprehensive picture.
• A modern risk analysis: The risk analysis offers an integrated platform that automates and streamlines the entire process, saving both time and resources for users. Users avoid navigating different sources, counting manually, or getting stuck in standardized risk definitions, which is common in traditional solutions.

Since 2016, Roaring has helped organizations reduce business risks and counter economic crime by providing reliable company and personal data. The company offers integrations and ready-made applications that enable more efficient and automated verification and monitoring of information. The focus is on eliminating manual, slow, and complicated processes, which frees up time, ensures regulatory compliance, counteracts welfare crime, and reduces credit losses.

Roaring is one of the fastest-growing technology companies in Europe according to Deloitte.

Roaring’s headquarters are located in Danderyd, Stockholm.
For more information, visit www.roaring.io or contact Roaring at +46 8 819 820.

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