S&P Global Market Intelligence’s KY3P (Know Your Third Party) platform has been honoured with the Best Due Diligence & Third-Party Risk Solution award at the 7th Regulation Asia Awards for Excellence 2024

The Best Due Diligence & Third-Party Risk Solution category celebrates innovative solutions that enable financial institutions to navigate complex regulatory environments, manage risk, and streamline compliance processes. S&P Global Market Intelligence’s KY3P platform was selected for its exceptional ability to deliver comprehensive third-party due diligence, operational efficiency, and risk mitigation in an increasingly regulated industry landscape.

KY3P earned high marks for its robust capabilities in data integration, customisability and end-to-end risk assessment processes, which allow institutions to meet evolving regulatory demands efficiently and effectively. Notably, the platform’s advanced data analytics and real-time monitoring tools enhance decision-making, enabling financial institutions to gain insights into third-party risks and implement proactive risk management strategies. The platform’s flexibility in integrating with existing workflows and its support for regulatory compliance across jurisdictions further distinguish KY3P as a leading solution in the industry.

“S&P Global Market Intelligence’s KY3P solution represents a significant advancement in how financial institutions approach third-party risk management,” remarked the judging panel at the Regulation Asia Awards. “Its ability to deliver comprehensive risk insights while adapting to client needs demonstrates a forward-thinking approach that sets a new standard for due diligence in the industry.”

Bradley Maclean, Co-founder of Regulation Asia and Chair of the Awards Committee added: “As regulatory scrutiny intensifies, solutions like KY3P are essential in helping institutions maintain compliance and operational resilience. S&P Global Market Intelligence’s dedication to innovation in third-party risk management exemplifies the industry’s move towards more robust and reliable risk practices.”

About the Regulation Asia Awards for Excellence 2024

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.

For a full list of the award 2024 winners, visit www.regulationasia.com/awards.

About Regulation Asia

Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000+ subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

Visit www.regulationasia.com or connect via LinkedIn or Twitter.