Inside Markit's Know Your Third Party Platform

Markit's new cloud-based hub expands

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Gina Ghent, managing director and head of KY3P, Markit

KY3P offers simplified data processes from third-party companies, providing information such as profiles, negative news, and more, and evaluating the risk for banks and asset managers.

The platform minimizes the amount of information transferred between requests and responses from asset managers to vendors and vice versa, by standardizing due diligence questionnaires and storing the information centrally.

KY3P revolves around five key elements. The first is the aggregation of company profiles (f

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