Global Business RegisterCountry: Ireland
Sector: Financial Compliance
Number of employees: 10
To help combat financial crime and fraud, GBR is the only company in the market that has real-time connections to over 90 business registers around the world, enabling it to quickly and efficiently verify company identities and their beneficial owners.
Why they could be giants?
Increased regulation is driving growth in this sector as more companies perform urgent remediation of their customer databases, which then need to be kept up to date. GBR has unique connections, an expanding register network, the ability to notify of changes when they occur and is the only company to give a warranty on the source of the data it provides. There are huge opportunities for GBR.
Where’s the risk?
To become a giant in the space will require scale, stamina and a long term vision. This requires a very effective marketing and business development strategy as competitors in the market are huge global businesses.
What it means for Europe?
15 years ago it would have been very difficult for a small business to set up so many global partnerships and relationships. With a globalised market plus digital infrastructure and ambition, GBR shows it is now possible. More European small businesses should expand their views and think globally about what they are able to do.
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