BAI
BAI (the Bank Administration Institute) is a nonprofit organization in the United States that provides research, training, and thought leadership events for the financial services industry. Headquartered in Chicago, Illinois, BAI also operates Banking Strategies, a daily online financial services publication.bai.org
Recognizing the importance of providing powerful data and analytics in business banking, BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, and BrightQuery (“BQ”), the leading experts in sourcing, organizing and analyzing government-filed company and employment data, announced a Strategic Alliance.
This collaboration will provide financial services leaders with the data and analytics they need so they have the clarity and confidence to make smart, strategic decisions for their organizations and the clients that they serve.
With their combined subject matter expertise and data, BAI and BQ will provide the industry with a unique and proprietary approach to building a profile of companies which gives banks up-to-date financial and employment insights on all public and private companies. This will give financial services organizations the ability to analyze, assess and strategize more efficiently and move their organizations forward.
NFIB
NFIB (National Federation of Independent Business) is America’s leading small business association. It advocates for the rights of small and independent business owners across the United States.
To support their members and small businesses, NFIB is collaborating with BrightQuery to provide critical data statistics on all US small businesses by Sectors and geographies. Providing aggregated statistics on employment, payroll and net income by employment size, congressional districts, State and Sectors over time, permits unique economic insights for demonstrating the importance of small businesses.
This shared data will support advocacy counsels on matters including legislation, taxes and guidance to small business owners on economic performance on a local and national level.
NACM
The National Association of Credit Management (NACM) promotes standards for the business-to-business credit profession. As of 2022, NACM had more than 15,000 members, primarily of credit and financial executives representing manufacturers, wholesalers, financial institutions, and service organizations. The trade association specializes in education for its membership, advancement of credit industry practices as well as business credit and accounts receivable management products and services.
NACM is collaborating with BrightQuery to provide statistical credit insights relating to all US businesses as well as fraud detection. The first whitepaper titled “The Evolving Threat of Fraud In B2b Trade” examines the current problems with B2B business fraud and solutions as well as best practices.
BrightQuery provides unique fraud indicators for every US business. These fraud indicators can instantly validate if a company exists, is economically active as well as many other verifications.
