How a Leading Risk Management Solution Provider Leverages Newsfeed APIs to Automate Monitoring of Security Risks

1. Case study How a Leading Risk Management Solution Provider Leverages Newsfeed APIs to Automate Monitoring of Security Risks

2. Table of Contents • Overview • Key Challenges • Contify Solution • Impact • By the numbers • Client Testimonial

3. Introduction • Learn how Contify’s Newsfeed APIs helps a risk management solution provider combine intelligence and automation to eliminate security exposures traced to vendors

4. Introduction This Arizona based risk management solution provider was founded in 2004. • This firm helps global organizations manage and monitor security risks associated with third-party vendors. • The firm has a SaaS-based platform that enables its customers automate critical tasks required to monitor companies across the vendor life cycle. • The risk management solution provider also provides professional services to help optimize clients’ vendor risk management program.

5. Key Challenges The firm aimed to track ~12000 global companies across industries. • 60% of these global companies are small and medium enterprises (SME) and 40% are large enterprises. • Before using Contify, the firm used automated keyword-based tracking tools and google alerts for tracking these global companies and identified risk-based triggers (bankruptcy, negative news, litigation, etc.). • The firm’s analysts used to spent most of their bandwidth in collating data from multiple sources, manually. • The key challenge was to identify and add relevant and timely information manually into the firm’s SaaS-based platform. • It took the team of analysts ~7 analysts’ man-days per week to collect and upload this information on the platform.

6. Add relevant and a steady stream of noise-free and real-time updates to their customer-facing SaaS platform. To mitigate these challenges, the firm needed an AI-based solution that could: Leverage automation to optimize their analysts time doing manual research, & make more time available to extract strategic insights for end-customers. Multiple language support to track small vendors across geographies way of thinking. Automatically mark insights with relevant tags using customizable end-points, avoiding the need to manually select tags in firm’s platform. Allow seamless integration with the firm’s SaaS-based platform without any change to the existing platform. Automate tracking of the changes on companies’ websites.

7. After adequate due diligence, Contify Newsfeed API was selected. Contify Solution • Sourcing of information: • The Contify team identified relevant company websites. • The press announcement section of these websites was added to the existing pool of 200,000 sources already available on the Contify platform. • Custom regulatory data sources were also added to track the regulatory updates. • Custom Topics: • Creation of multiple custom topics for categorizing and tagging the news updates likeOperations / Structural, Commercial / Financial,Legal / Regulatory, and Brand Image. • Delivery through APIs: • Each article/event was tagged against the specific event category, company/vendor, source of information, content-language, geography, etc. • Leveraging Contify’s Newsfeed APIs, the firm’s engineering team seamlessly mapped the end-points to fetch near real-time updates into the firm’s SaaS-based platform.

8. Impact Contify’s Newsfeed APIs mitigated the challenges by its ability to provide reliable and timely insights. • Generated Actionable Insights, faster: • The accurately tagged intelligence enabled decline in the latency of the risk related information by 40% from ~24 hours earlier to 15 hours. • Reduced CAPEX and OPEX cost: • Contify Newsfeed APIs enabled the firm to make significant cost savings with which the firm invested on collaborative features of its platform. • Empowered analysts to drive impactful research: • The firm’s team of analysts saved up to 200 hours a week (~70% savings) and got more time to provide strategic insights for the end-clients.

11. Thank you Choose the industry-best News Feed API solution Contify Start a conversation Know More marketing@contify.com https://bit.ly/3lIK570