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Barclays, Goldman Sachs, HSBC and Morgan Stanley take stake in IHS Markit's KY3P

First Published 12th June 2017

Barclays, Goldman Sachs, HSBC and Morgan Stanley invest and obtain equity stake in KY3P by IHS Markit.

Ellen Schubert, KY3P

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."

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