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Mastercard formed partnership with Interos to deal with systemic risk in business ecosystems

Mastercard and Interos aim to help global organizations strengthen operational resilience

Mastercard Interos

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.

The threat landscape is evolving rapidly and financial institutions are being exposed to potential disruption across multiple dimensions. External risks are becoming more sophisticated and complex. Our partnership with Interos makes it simpler for financial institutions to continuously evaluate risk, helping advance security and trust in the digital ecosystem
Johan Gerber, executive vice president, Cyber and Security Products at Mastercard

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.

Systemic risk in our business ecosystems is a challenge that impacts every aspect of our global economy. This partnership with Mastercard is important in providing the ability to pre-solve issues before they become costly crises. Together, we’re excited to bring real-time, continuous insights and operational resilience to every market around the world
Jennifer Bisceglie, CEO and Founder of Interos

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