Mastercard and Interos aim to help global organizations strengthen operational resilience
Mastercard formed partnership with Interos to deal with systemic risk in business ecosystems. Source: depositphotos.com
Mastercard has announced a new partnership with the hyper-growth operational resilience company Interos.
This new offering allows organizations to proactively detect and eliminate risk across multiple areas – including cyber, financial, ESG, restrictions, geopolitical and operational – throughout their network of business and merchant relationships.
According to data, many enterprises do not have the ability to track and mitigate these risks: according to Interos research, just 11% of organizations monitor their third-party risk on a continuous basis. However, according to a study by RiskRecon, a Mastercard company, 63% of organizations say managing third-party risk is a growing priority for their organization.
Systemic Risk Assessment is the first fully automated platform using AI and ML to map, monitor and model the complex web of business relationships that power global trade. The platform features an aggregate operational resilience risk score that allows organizations to quickly evaluate companies they do business with for vulnerabilities based on multiple risk dimensions, providing timely insights that they can act on before they impact a business.
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