Toronto, ON (June 12, 2019) \u2013 KPMG LLP (KPMG) has been granted a patent by the United States Patent and Trademark Office for performing signals processing, dynamic analysis, and forecasting of risk.<\/p>\n
KPMG\u2019s new patent \u2013 U.S. Patent No. 10,339,484 \u2013 is a core component of KPMG\u2019s Third Party Intelligence service, which was launched in 2016. Third Party Intelligence empowers businesses to take pre-emptive action against third party disruption, such as disruption within a supply chain. The technology monitors and reports third party vulnerability as well as projects its impact well into the future, allowing clients to act ahead of time.<\/p>\n
Conventional methods for forecasting have shortcomings due to information analysis techniques and technologies. Many organizations monitor events, such as news stories, without any additional context or analysis. KPMG\u2019s Third Party Intelligence service provides dynamic filtering of signals using sophisticated algorithms designed to pinpoint and project vulnerability trends in individual third parties and the countries in which they operate. This makes Third Party Intelligence\u2019s insight actionable \u2013 a key differentiator from risk data providers who leave this analysis to the client. The solution draws on data sources including financials from thousands of third parties in 90 countries, as well as millions of news feeds, websites, and blogs from 48 countries.<\/p>\n
\u201cThird Party Intelligence allows us to alert clients to vulnerabilities in advance, giving businesses the insight to act ahead of time and potentially avoid disruption altogether,\u201d said Larry Raff, a KPMG Advisory partner and one of the inventors of the Third Party Intelligence technology.<\/p>\n
In addition to Raff, Third Party Intelligence was co-invented by the KPMG team of Pradeep Pai, Andrea Urban, and James Schneider.<\/p>\n
The patent is one component of KPMG\u2019s intellectual property portfolio and builds on strategic investments in emerging technologies and partnerships with some of the world\u2019s leading technology companies to develop and deploy technology-based solutions to complex business challenges.<\/p>\n
\u201cKPMG is driving innovation across our firm, and generating intellectual property as we create transformative solutions for our clients to address their most complex business challenges,\u201d said Mike Nolan, KPMG Vice Chair, Innovation & Enterprise Solutions. \u201cTechnology-powered disruption is happening at unprecedented speed and rapidly reshaping industries. We look at disruption as an opportunity to strategically invest in our people, capabilities, and ideas that will put innovation at the core of everything we do. Our Third Party Intelligence solution is an example of that type of innovation at work.\u201d<\/p>\n
Learn more about KPMG and Third Party Intelligence<\/a>. For additional information, please contact [email protected]<\/span><\/a>.<\/p>\n About KPMG LLP<\/b><\/p>\n KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (\u201cKPMG International\u201d). KPMG International\u2019s independent member firms have 197,000 professionals in 153 countries and territories. Learn more at www.kpmg.com\/us<\/a>.<\/p>\n About KPMG<\/b><\/p>\n KPMG is a global network of professional services firms providing innovative business solutions and audit, tax, and advisory services to many of the world\u2019s largest and most prestigious organizations. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (\u201cKPMG International\u201d), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such. For more information, visit kpmg.ca<\/a>.<\/p>\n Source: KPMG LLP<\/em><\/p>\n Tags: KPMG<\/a>, patent<\/a>, United States (USA)<\/a> Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Third Party Intelligence Monitors and Identifies Threats to Third Party Networks in Real Time Toronto, ON (June 12, 2019) \u2013 KPMG LLP (KPMG) has been granted a patent by the United States Patent and...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16096"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16096"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16096\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}