Ellen Schubert, KY3P
London and New York - IHS Markit, a provider of critical information, analytics and solutions, has announced that Barclays, Goldman Sachs, HSBC and Morgan Stanley have joined together to take an equity stake in KY3P, IHS Markit's Know Your Third Party risk management solution. Goldman Sachs will contribute intellectual property and join the other banks as a design partner of the platform.
"When we launched KY3P, we were confident that our platform was truly a game changer for the industry by increasing efficiency and improving the accuracy of information," said Ellen Schubert, Chief Executive Officer of KY3P. "With the adoption and support from these global financial institutions as well as our existing customer base, we have made this a reality by fundamentally revolutionizing the way organizations assess and manage third party risk."