Ethixbase360, a leader in third-party risk management solutions, has announced the expansion of its long-standing alliance with Moody’s.
The partnership aims to enhance third-party risk management solutions through the integration of cutting-edge data and AI technology into Ethixbase360’s market-leading Ethixbase360 Third-Party Risk Management platform.
Ethixbase360, established in 2013, champions continuous monitoring to increase transparency in the management of third-party risks. Their approach combines advanced technology with human expertise, ensuring precise risk analysis in today’s interconnected business landscape.
Moody’s, a global provider of credit ratings, research, and risk analysis, brings robust data capabilities to the partnership. With a focus on providing best-in-class data for risk screening and monitoring, Moody’s offers AI-trained tools to enhance efficiency and reduce false positives in risk management processes.
The expanded alliance integrates Moody’s extensive data resources into Ethixbase360’s comprehensive third-party risk management platform. This includes access to a vast curated database with millions of risk profiles, daily updates on sanctions and watchlist data, and AI-assisted tools for enhanced risk analysis and decision-making.
In today’s business landscape, companies face significant challenges in managing a multitude of vendors, partners, and intermediaries, each with their own risk profiles. The escalating reliance on third-party networks has heightened regulatory, operational, and reputational risks, necessitating strategic risk management solutions.
Ethixbase360 is leveraging artificial intelligence to enhance the accuracy, speed, and depth of risk analysis. Their AI-assisted approach, developed by subject matter experts, focuses on improving data output and client delivery, leading to increased operational efficiency and reduced turnaround times.
We are committed to continuous innovation in third-party risk management to help set industry benchmarks. Our roadmap for future product enhancements ensures we empower our clients to manage third-party risks with greater confidence and precision,” remarked Peter Sweetbaum, Chief Executive Officer for Ethixbase360.
“The transparency required to effectively monitor and manage third-party risks can be hindered by varying data standards across jurisdictions and the volume of risk inputs clients need to manage, process, and analyse. Our alliance with Ethixbase360 allows companies to harness leading data, AI-assisted technology, and industry expertise to manage third-party risk more efficiently and effectively. Moody’s data integrated into Ethixbase360’s solutions enables clients to make better, data-driven decisions,” said Keith Berry, General Manager, Moody’s compliance and third-party risk management.
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