Whistic Teams Up with Mastercard to Advance Third-Party Risk Management Solutions

Whistic Unveils Advanced Third-Party Risk Management Solutions

In a significant move to modernize third-party risk management (TPRM), Whistic, recognized as a leader in AI-powered solutions, announced a strategic partnership with Mastercard. This collaboration aims to integrate Mastercard’s renowned RiskRecon cybersecurity ratings with Whistic’s comprehensive third-party risk management platform. This revolutionary product, called RiskRecon Assessments Powered by Whistic, promises to enhance how businesses oversee and mitigate risks associated with third-party vendors.

Addressing the Evolving Landscape of Cybersecurity

As cyber threats grow increasingly complex, organizations must adopt innovative approaches to manage risks. The integration of RiskRecon’s ratings directly into Whistic's TPRM platform allows businesses to benefit from a dual perspective. Users can assess risks from both external sources provided by RiskRecon and internal evaluations via Whistic, enabling a more holistic understanding of their cybersecurity landscape.

A prominent figure in the insurance sector voiced the benefits of this collaboration, stating, “The combination of Whistic's AI assessments with RiskRecon's real-time risk scoring provides an unprecedented view of our vendor risk. Previously fragmented data is now consolidated, leading to more immediate responses to TPRM inquiries.” This feedback underscores the significant value emerging from the partnership, driven by years of collaboration and integration.

Unique Features of the New Product Offering

The seamless integration of these two powerful systems offers several key benefits:

1. Streamlined Onboarding: Customers can acquire RiskRecon Assessments Powered by Whistic via Mastercard, allowing them to utilize the platform without complication. The purchase process is simplified through the addition of a RiskRecon API key.

2. Comprehensive TPRM Workflows: Organizations will now be able to conduct a thorough TPRM process within Whistic’s framework while utilizing the extensive data from RiskRecon to achieve superior risk management outcomes.

3. Integration for Prompt Action: Users can access RiskRecon ratings directly from individual vendor profiles within the Whistic Trust Catalog. This feature enables quick and informed decisions based on reliable risk insights at the vendor level.

4. Continuous Risk Monitoring: The partnership also allows for the ongoing use of RiskRecon ratings across an entire vendor portfolio, facilitating proactive risk assessments and real-time monitoring powered by Whistic's innovative AI technologies.

Conclusion

Whistic is on a mission to revolutionize third-party risk management by eliminating outdated manual processes and introducing industry-leading AI capabilities throughout each stage of TPRM. With the launch of this new product driven by the partnership with Mastercard, organizations can expect to see significant advancements in how they assess and manage vendor risk. Head to www.whistic.com to learn more about their cutting-edge solutions.

For media inquiries or more information, contact Meg McLaughlin, Senior Director of Marketing, at [email protected].