S&P Global Expands KY3P with Acquisition of TruSight Solutions

S&P Global has acquired TruSight Solutions, a provider of third-party vendor risk assessments. The acquisition will be combined with KY3P by S&P Global and integrated into the Market Intelligence division. Know Your Third Party (KY3P) was initially a Markit initiative acquired by S&P Global with the company. TruSight was founded by a group of financial institutions including Bank of America, Bank of New York Mellon, JP Morgan and Wells Fargo, and will expand S&P Global’s third-party vendor risk management solutions by offering high-quality validated assessment data designed to reduce the vendor due diligence burden on service providers to the financial services industry.