IMD & IRD Awards 2023: Best reference data provider—Bureau van Dijk, a Moody's Analytics Company

Overview

Orbis, Bureau van Dijk’s reference data resource, provides detailed and comparable data on private and listed companies.

The solution

Orbis contains information on over 450 million entities across the globe, with detailed financial information on 45 million companies. It is a database supporting many use-cases, including client onboarding, risk management (counterparty and third-party), screening for sanctioned entities and those sanctioned by extension, enterprise and master data management, and enrichment of in-house data sources. Orbis data can be accessed in a number of ways, including: the Orbis interface, APIs and partner delivery, and via Moody’s Data Hub, where customers can blend Orbis data with data from across their organization to address their own unique challenges. 

Secret sauce

One of Bureau van Dijk’s key differentiators is the breadth and depth of its data and analytics. Orbis coverage has grown substantially year-on-year. Its entity coverage has increased by 34% in the last four years and includes over 10 years of historic data. Orbis provides holistic company data―sourcing, adding and linking complementary datasets to create a golden record and rounded view of a company. It includes global entity hierarchies, linking entities, ownership, locations and people, and monitors changes through 2.5 million M&A, IPO, private equity, and venture capital deals, fed by more than 170 information partners.

Recent enhancements

• Bureau van Dijk has added more entity types through sourcing projects to continually offer richer data per entity and review nomenclatures and categorization.
• It has introduced Moody’s Analytics Probability of Default measures for over 450 million companies globally, to help clients estimate the credit performance of a company.
• Coverage has continued to expand, including increasing the number of companies with key financials to 45 million, adding and enriching Orbis data across key countries, and increasing ESG scores to cover 328 million companies.
• Added cyber scores (in partnership with BitSight) to help clients assess the cyber risk of counterparties

Future objectives

• Adding diversity data to help clients better identify diversity, equity and inclusion (DEI) opportunities and risk
• Adding more countries’ beneficial ownership information from registries

Why they won

Bureau van Dijk follows up last year’s win in the best reference data initiative category by winning the best reference data provider category in this year’s IMD and IRD Awards, thanks to its outstanding Orbis offering. Orbis’ numbers are truly impressive: it contains information on over 450 million entities around the world, with granular financial information on 45 million companies, supporting users’ counterparty and third-party risk management functions, in addition to allowing them to screen for sanctioned entities. It also supports users’ enterprise and master data management and in-house data enrichment functions, providing them with a one-stop data source/service supporting a wide variety of critical use-cases.