Financial institutions, like banks, increasingly rely on business interactions with third-party suppliers. Although, as the suppliers stack up, companies are facing greater pressure from regulators to understand the potential impacts and implications of these business engagements.
Mirato, an Israeli startup developing AI-driven automation for the entire TPRM (Third Party Risk Management) lifecycle, providing financial institutions with real-time visibility and advanced analytics regarding third party risks, and saving them both time and resources. To do this, Mirato recently announced a $9 million founding round. “This funding will enable us to accelerate our efforts and further develop the technology and company through recruitments in R&D, sales and marketing,” said Aki Eldar, CEO and co-founder at Mirato.
AI-powered risk analysis
Mirato’s platform combines AI and NLP to collect information from risk managers, documents and machines while performing analysis and creating a feedback loop between data sources. According to Mirato, the ability to orchestrate and automate all TPRM programs within the same platform provides financial institutions with visibility…
