The Russian information group Interfax and the Uzbek counterparty verification platform MyOrg have announced the launch of a digital service that will combine data on over 9 million legal entities and individual entrepreneurs from both countries.

The tool will allow companies from Uzbekistan and Russia to find and verify partners and clients in the other country, launch investment projects, and develop business ties.

Uzbek businessmen will gain access to information about Russian counterparties through Interfax's products: the SPARK verification platform, the SMART X partner search and sales management service, and the MARKER procurement control system.

The service will help not only find a reliable partner but also comply with compliance requirements and minimize business risks.

“The interest of major international players in the Uzbek market is growing. Along with it, the cost of a mistake in choosing a partner is also growing. The common task of MyOrg and Interfax is to ensure that business goes where there are opportunities with open eyes: with complete information about the counterparty, without reputational and sanction risks,” said MyOrg co-founder Khamro Abirov.

Interfax is the largest non-state information group in Russia: a news agency and developer of analytical systems for media, business, and government agencies. International distribution of the new digital service will be organized through the group's partner in the UAE, Acute company.

Source: kun.uz