Diligent recently announced the acquisition of3rdRisk to expand its technology portfolio. This move focuses on delivering AI-Native Third-Party Risk Management to global enterprises. The acquisition helps companies manage complex vendor ecosystems more efficiently. Many organizations currently face growing threats from external partners and suppliers. This new platform automates the assessment of these digital risks. It uses advanced machine learning to identify vulnerabilities in real time. This ensures that businesses stay protected against evolving cyber threats.
The integration of 3rdRisk will transform how boards oversee vendor data. It provides a unified view of risks across the entire organization. This clarity allows leaders to make better decisions about their partnerships. Furthermore, the tool reduces the manual workload for many risk professionals. It streamlines the profiling process for new third-party suppliers. The platform also monitors compliance with international regulations and standards. This strategy positions Diligent as a leader in modern governance tools.
Scaling Enterprise Risk Solutions
The demand for AI-Native Third-Party Risk Management is rising among large firms. Companies must now monitor thousands of vendors simultaneously for safety. Traditional manual methods are no longer effective for this massive task. Diligent aims to solve this problem with its scalable AI software. This technology provides deeper insights into financial and operational stability. It also tracks environmental and social governance metrics for all partners.
“By combining Diligent’s AI platform with 3rdRisk’s third-party risk management capabilities, we’re delivering the most holistic solution that spans from the boardroom to the extended vendor landscape. Together, Diligent and 3rdRisk provide a unified, AI-driven view of risk that helps organizations govern with confidence and address vendor dependencies that have become board-level priorities,” said Scott Bridgen, General Manager at Diligent.
“3rdRisk was founded with the belief that AI will transform how organizations approach vendor risk, not by replacing human judgment, but by eliminating the manual processes that prevent teams from focusing on what matters most. Joining Diligent accelerates our ability to deliver on that vision on a global scale while maintaining the product focus and domain expertise that our customers value,” said Bram Ketting, co-founder and CEO at 3rdRisk.
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News Source: Businesswire.com
