Commercial banks, investment banks, brokerages, and other financial institutions spend an inordinate amount of time on due diligence: researching a potential debtor’s financial history and quantifying the amount of risk of a particular investment or loan. Much of this diligence can be automated.
There are hundreds of thousands of bankruptcies filed every year. Banks and other financiers use Docket Alarm to research personal and commercial bankruptcy records
. Financial institutions can easily see if a potential corporate customer is solvent or has declared bankruptcy in the past. Using Docket Alarm’s API, searches can be automated, leading to an enormous savings in efficiency over manual searching.
In addition to bankruptcies, Docket Alarm automates access to court records
involving your clients' and debtors’ litigation.