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. Trackers can be setup for particular types of case activity, or on new filings for a particular company. Manually auditing and researching parties is inefficient and time consuming. Docket Alarm automatically pushes alerts when a new matter is filed involving your potential customer or when there has been a development in an existing matter involving your customer.

Docket Alarm automates your due diligence by pushing the information to you, rather than requiring researchers to proactively find it themselves. Our APIs help save thousands of hours of manual research. Contact us at sales@docketalarm.com to find out how we can automate your institution’s due diligence.