KNOW YOUR THIRD PARTY® (KYTP)®
Third-Party Screening
Understand the impact of customer and vendor risk.
Better Third-Party Risk Monitoring Starts Here
Prevent financial crime by detecting suspicious activity and potential risk across customer and vendor relationships.
COMPLIANCE BUILT BETTER™
REDUCE FALSE POSITIVES
Use actionable intelligence to reduce false positives and flag materially significant issues across your entire firm using MCO’s central entity view.
TAKE A HOLISTIC VIEW OF POTENTIAL RISK
A central data source provides a single integrated view of third- party relationships, making conducting due diligence and ongoing monitoring easier.
SCREEN USING DATA FROM TRUSTED PROVIDERS
Screen clients and related parties including UBOs, Directors, Subsidiaries, and Intermediaries for Adverse Media, Politically Exposed Persons (PEPs) status and Sanctions using data from providers including Factiva and World Check.
Identify fraud and corruption risk across individuals and firms with vetting and validation of third-party entities.
Configure workflows to automate customer and vendor screening and due diligence and identify, escalate and action issues.
The system's alert-based functionality ensures that the right person is informed about potential risk at the right time, facilitating timely review and resolution.
The platform is designed to be easily customizable to fit the unique needs and policies of different organizations.
MCO’s Third-Party Screening solution is part of the Know Your Third Party compliance suite, an integrated solution that manages compliance risk across customer, supplier, business and vendor relationships.
