Enhanced Due Diligence (EDD)

Enhanced due diligence is a process that companies use to assess their customers’ risk levels. The goal of enhanced due diligence is to identify and mitigate any potential risks before they become a problem. This process typically includes a review of the customer’s credit history, as well as other information such as the customer’s business model and industry. Enhanced due diligence can also include background checks on the owners and employees of the company. By conducting these checks, companies can get a better understanding of who their customers are and how likely they are to default on their payments.