About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

IHS Markit Expands KY3P Platform with Financial Crimes Screening

Subscribe to our newsletter

IHS Markit has added financial crimes screening to the due diligence tools on its KY3P vendor risk management platform. The screening solution allows users to detect whether their vendors may have breached standards governing anti-bribery and corruption, anti-money laundering, sanctions and export controls. Financial crimes screening data is sourced through Regulatory Data Corp’s (RDC) Global Regulatory Information Database (GRID).

IHS Markit brought KY3P to market in late 2015 with Barclays, Goldman Sachs, HSBC, Morgan Stanley and UBS as design partners helping to create a high standard for assessing and monitoring third-party vendor risks. Towards 1,500 vendors and more than 100 financial institutions are registered with KY3P.

The company describes the platform as a centralised community for improving third-party risk management. It presents a holistic vendor risk profile spanning information security risk assessment, business continuity, sanctions screening, anti-bribery and corruption screening, financial risk assessment, cyber vulnerabilities and negative news assessment. It also offers a standardised due diligence process and a single platform for vendor response management during major incidents.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for eComms and multi-channel surveillance

Surveillance of multi-channel communications is a moving target as financial institutions continue to add conversational streams, in many cases mobile applications previously banned from the trading environment. With more eComms channels comes more data that must be managed, retained, and ready for regulatory compliance. For many firms, the changing shape of surveillance is a complex...

BLOG

An Industry Update on FRTB Implementation in APAC

Implementation of Fundamental Review of the Trading book (FRTB) regulation across APAC raises many challenges, not least fragmentation of the regulation across jurisdictions in the region, fulfilling complex requirements of the regulation, sourcing necessary data, and selecting the internal or standarised model approach for specific trading desks. While the challenges are significant, and FRTB has...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...