The startup offers a risk intelligence platform that utilizes machine learning and artificial intelligence for real-time monitoring and analysis of financial and reputational risks. By providing insights and alerts, the platform enables financial entities to assess risks associated with transactions involving non-banking partners.
Funding
$900K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face challenges in continuously monitoring the risks associated with their non-banking partners, vendors, and suppliers. Traditional due diligence processes offer only a snapshot in time, failing to account for evolving fraud and reputational risks in an interconnected world. This can lead to increased exposure to financial crimes, regulatory penalties, and reputational damage.
Solution
KYP provides a real-time third-party risk intelligence platform that delivers continuous monitoring and actionable insights into the risks associated with business partners. The platform aggregates data from over 2,000 global data points, including credit scores, dark web activity, PEPs, sanctions lists, adverse media, cyber risk assessments, and insolvency checks. KYP's proprietary AI and machine learning algorithms intelligently connect these data points, providing a holistic view of a partner's risk profile and alerting users to emerging threats. This enables businesses to proactively mitigate risks, improve compliance, and make informed decisions about their partnerships.
Target Audience
KYP serves financial institutions, acquirers, payment service providers (PSPs), and other businesses that rely on third-party partners, vendors, and suppliers.
Features
- Continuous real-time monitoring of third-party business and credit risk
- Data aggregation from over 2,000 global data points, including credit scores, dark web activity, PEPs, sanctions lists, adverse media, cyber risk assessments, and insolvency checks
- Proprietary AI graph linking database to identify hidden connections and provide structured risk analysis
- Adverse media alerts for real-time monitoring of references to businesses and directors
- Early warnings for potential insolvency and compromise of cardholder data
- Dark web scanning for company employee breaches and indicators of company-level hacks
- Customizable risk scores and alerts based on user-defined thresholds
- Integration with Gieom’s DORA 360 for Digital Operational Resilience Act (DORA) compliance