Increase your efficiency in responding to due diligence questionnaires
Effectively managing operational risk is now a mission-critical area in financial services. Regulatory pressures require firms to proactively manage suppliers, leading to an increase in due diligence questionnaires (DDQ). This creates an increased burden on you and your firm to respond to these requests and share information in a timely manner. Multiple DDQs and the lack of standardization collecting and distributing the data can lead to duplicated efforts, costly errors and delayed responses.
Our KY3P® for Third Parties services enable you to respond to due diligence requests from your entire client base. Driven by insights from diverse banks, customers, and IHS Markit cross-industry experience, the KY3P blended framework consists of control objectives critical to business. We offer three different use cases depending on your need.