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Markit announces KY3P customer wins

8th February 2016 Church News.

Markit has signed up new clients to its Know Your Third Party (KY3P) platform, including BlueBay Asset Management, Luxoft and Loomis, Sayles & Company. The KY3P offering enables organisations to simplify and standardise third party risk management processes with a focus on vendor due diligence and ongoing monitoring. Through the centralised data hub, banks, buy-side firms and third parties can remove duplicative processes, oversee due diligence information and effectively manage and respond to industry events such as cybersecurity threats.