Artificial Intelligence (AI) is sweeping the merger and acquisition industry to enhance the due diligence process. However, AI engines are only as good as the data that is fed into them. Because not all historical data is electronic, it cannot be relied on for background check reports.
It is common that electronic access to public information – such as criminal records, civil litigation, liens, judgments, bankruptcy filings, regulatory filings, and other information – may be limited to geographical areas, a certain number of years, select courts, and types of record sources, not to mention that every jurisdiction is managed differently so there are other inconsistent variables across the U.S. There is no national repository and no universal approach to requesting public records and any provider who tells you otherwise is spreading misinformation, risking unknown gaps and leaving you vulnerable to other uncertainties.
This issue is just one of many reasons why you need professional investigators to support your due diligence and background investigations. In addition to the collection of information, the discernment and analysis of the records to ensure it pertains to your subject is crucial, especially when records are comingled with similar names, common names, or relatives. This holistic approach is paramount to LexPro Research’s research methodology.
LexPro Research, celebrating 20 years of servicing the financial and investment banking communities, is committed to excellence in providing accurate, thorough, and robust reporting for its clients.
Learn more about us at LexProResearch.com or call (203) 921-1281 for a consultation.