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

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Base

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4

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

5

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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