Latest Version of IHS Markit’s KY3P Adds Enhancements for Consumers, Vendors

Additions to version 6.0 of the risk management platform for third-party relationships include a risk scoring calculator and remediation ability.

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The utility, which was launched in October 2015, aims to help both end users and vendors with the management and analysis of the risk inherent in third-party relationships. Ellen Schubert, head of business development for KY3P, tells WatersTechnology the platform addresses the needs of both parties, which separates it from other offerings in the space.  

“We know that third-party risk management is important to the financial industry, but it’s also important to the vendor.  They are really stru