Certa (a leader in third-party management solutions) announced today a partnership with Castellum.AI (a global financial crime risk platform). This partnership integrates Castellum.AI risk screening into Certa’s TPRM platform, providing compliance and procurement professionals access to the most accurate, reliable, and fastest information on sanctions, export controls, adverse media, beneficial ownership, etc.
This integration enables clients to meet global AML requirements and ensure their customers and suppliers are not subject to government restrictions.
Third-party risk management professionals often depend on multiple systems to maintain vendor onboarding, due diligence, investigations, and other aspects of their job. And by providing financial crime risk screening directly within their TPRM platform, Certa and Castellum.AI enable these professionals to automate the entire risk screening process.
This deal comes on the heels of Certa’s $35 million Series B funding round and the launch of its new AI-powered solution CertaAssist, as well as Castellum.AI’s $4 million seed round funding.
KEY QUOTES:
“At Certa, we are committed to making customer and supplier onboarding as effortless as possible. By bringing Castellum.AI’s data into our AI-powered platform, compliance and risk professionals can quickly and easily bring on third parties with confidence that they aren’t also welcoming financial crime risk.”
— Jag Lamba, CEO and founder of Certa
“We’re very excited to announce this partnership with Certa. By integrating our data with Certa’s TPRM solution, we’re able to provide compliance and procurement professionals with the most accurate and reliable vendor risk insights, updated every five minutes. Now they can identify risks like forced labor, export controls, or other reputational risks as part of an automated vendor onboarding process.”
— Peter Piatetsky, CEO of Castellum.AI
