Jack Mulcahy – KYP – Paris Fintech Forum Leaders Summit 2023

Over at the Paris Fintech Forum Leaders Summit 2023, FF News had a chat with Jack Mulcahy, Chief Operating Officer at KYP.

KYP specialises in delivering comprehensive Know Your Business (KYB) or as they put it, Know Your Partner (KYP) solutions. They address the urgent market need for continuous business monitoring and proactive alerts on Third Party Providers, Suppliers, Vendors and Business Partners. KYP is a B2B SaaS Real-Time Third Party Enterprise Risk Intelligence Solution. Their focus lies in ongoing monitoring providing proactive alerts, emphasising perpetual business risk monitoring and reputation management. Their approach involves a comprehensive and holistic analysis of DarkWeb, Adverse Media, PEPs, Sanctions, Credit Scores, Cyber Risk, and Insolvency Checks that delivers a complete picture of the partners a business relies upon.

Leveraging advanced technology, KYP enables businesses to efficiently monitor in real time their Third Party Providers, Suppliers, Vendors etc, conduct thorough due diligence, and effectively manage risk factors.

“We’re a risk intelligence platform. We monitor business on a continuous basis and we provide alerts. We do it across Dart Web, Adverse Media, PEPs, Cyber and credit insolvency, we’re in the process of building in ESG and social scores.”

“[To reduce greenwashing elements] We have monitoring for them in terms of, if they were investing somewhere, are they investing in that space? What are their internal policies? Are they just painting it up? Really digging deep. We were at an event previously with a VC and they’re only working with partners that have a really high ESG score, so that’s where the industry is going.