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Leading Silicon Valley risk and diligence firm is rapidly becoming the diligence platform of choice for the financial world
NEW YORK, April 14, 2022 /PRNewswire-PRWeb/ — CENTRL, a Silicon Valley-based enterprise risk company, announced today that its platform is being used by eight of the world’s largest banks and investors. Financial institutions are using the CENTRL platform for managing the ongoing diligence of fund managers, custodians and service providers.
Ongoing diligence of third party relationships is a critical function for banks and asset owners to manage the risk of trillions of dollars in outsourced accounts and to comply with strict government regulations. Investors have over $16 trillion invested in alternative investment vehicles and likewise banks have even greater amounts in custodial accounts with partners around the world. Managing the diligence of these relationships is a core risk function and a major regulatory obligation for financial institutions worldwide. Up until now, the process has been …
Full story available on Benzinga.com
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