What’s a Reconciled Business Identity

Reconciled Business Identity (RBI) is created by reconciling disparate data to create a business footprint of an individual.  The data that makes up an RBI must come from verified sources, such as the secretary of state or civil court.  Self-reported data, such as businesses listed in LinkedIn are not part of the RBI.  Social media sources are self-reported and can be easily changed to suit the users whim.  A person with good PR and marketing skills can orchestrate an online identity that better fits the image they are trying to convey.  An RBI uses facts that are part of public record and thus difficult to manipulate.

An RBI, when the data is gathered from public sources, along with an attestation from a trusted source, such as, an attorney, CPA or other professional, who is licensed by the state is a much more reliable identifier of an person in relation to their business footprint.   Professionals who are state licensed have ethics requirements that they must adhere to in order to hold their license.

RBI is an important element in the evaluation of whether or not to do business with someone.  Whether as a due diligence component in KYC or AML procedures, or even as part of a background investigation done by venture capital firms, RBI shows relevant business and civil litigation footprints of individuals and their businesses.

Ready to find out more?

Search Business and Civil Litigation Records!