Markit Rolls Out Vendor Management Tool in Collaboration with Barclays, HSBC & Morgan Stanley
Markit has partnered with three major banks to create a vendor management platform dubbed Know Your Third Party, or KY3P for short.
The service is a centralized cloud-based data hub that helps in the due diligence process, provides operational risk management and cyber-security services, and offers compliance and regulatory consulting. KY3P is run on the Dell Cloud Dedicated Service platform.
Michele Trogni, co-head of solutions at Markit, tells WatersTechnology that the service will help banks and asset managers go to market more quickly with solutions.
Currently, the request-for-proposal (RFP) process can take weeks, if
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