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Corporate
Sep 17, 2024

Middesk & Certa Partner to Enhance Business Verification and Third-Party Risk Management

Dora Matheidesz
Dora Matheidesz
Partnerships
Middesk & Certa Partner to Enhance Business Verification and Third-Party Risk Management

Middesk is proud to announce a strategic integration with Certa, a leading provider of third-party risk management solutions, to enhance KYB screening across vendor and supplier networks. This partnership combines Middesk's advanced business verification technology and best-in-class identity data with Certa's robust risk management platform. Customers now have access to a comprehensive solution for assessing and managing third-party risks for large enterprises across industries such as financial services, life sciences, healthcare, manufacturing, retail, and consumer goods.

The Certa platform enables organizations to assess and mitigate risks associated with their third-party relationships. Certa’s end-to-end automation streamlines risk assessments, due diligence, and vendor onboarding, helping clients operate more efficiently while reducing exposure to potential risks.

Middesk is the leading business identity company offering best-in-class data products that support the entire customer journey, from business formation to onboarding and customer acquisition. We make business onboarding fast and frictionless with the most complete, up-to-date data, and help our customers assess creditworthiness and minimize default risk by identifying high-risk signals early.

Simplifying Vendor and Supplier Risk Management

In an increasingly interconnected economy, managing a network of vendors and suppliers poses significant challenges. Ensuring that each partner is legitimate and assessing their risk profiles is critical to maintaining operational integrity and avoiding disruptions. The integration of Middesk’s KYB, business verification, and credit assessment screening into Certa’s platform enables clients to efficiently and accurately evaluate these relationships, reducing the chance of engaging with high-risk or unreliable third parties.

Key Benefits of the Certa and Middesk Partnership:

  • Enhanced Business Verification: Middesk’s platform provides detailed insights into the identity, legitimacy, and risk profile of businesses. This integration allows Certa’s clients to access real-time, verified data, ensuring they engage with reliable and trustworthy vendors and suppliers.
  • Streamlined Vendor Onboarding: With Middesk’s automated verification processes embedded within Certa’s platform, clients can significantly reduce the time and effort required to onboard new vendors and suppliers, allowing businesses to scale quickly without sacrificing due diligence.
  • Continuous Compliance Monitoring: Customers can take advantage of ongoing monitoring of vendors and suppliers, receiving alerts when there are changes in Secretary of State data, TIN, bankruptcies, and watchlist hits. Ongoing monitoring helps Certa’s clients manage risk dynamically throughout the vendor lifecycle.
  • Proactive Risk Management Across Networks: Enhanced by Middesk data, Certa centralizes vendor and supplier risk management and enables clients to proactively identify and mitigate risks in their third-party networks, which is especially critical for industries with complex supply chains.
  • Data-Driven Decision-Making: With the new Certa and Middesk integration, vendor and supplier decisions are based on accurate, up-to-date data from authoritative sources like Secretary of States. This reduces errors and improves decision-making, allowing clients to build stronger, more resilient third-party networks.

Ensuring Legitimacy and Compliance in Business Relationships

For businesses managing extensive vendor and supplier networks, the risks of engaging with unreliable or high-risk entities are significant. The Middesk integration allows Certa’s clients to ensure that every business relationship is thoroughly vetted, reducing exposure to operational disruptions or financial risks.

“We’re excited to partner with Certa to offer a more powerful solution for managing vendor and supplier networks,” said Kyle Mack, Co-founder and CEO of Middesk. “By integrating our business verification technology with Certa’s platform, our clients can operate with greater confidence knowing they’re engaging with reliable, legitimate businesses. This partnership brings us one step closer to providing instant access to all of the data, documents, and insights that any B2B company needs to onboard and transact with another business.”

“At Certa, we set out with a clear goal: to make it easier for businesses to work together,” said Jag Lamba, Founder and CEO of Certa. “By partnering with Middesk, we’re enhancing our ability to verify and onboard vendors quickly and securely. In today’s world of increasing regulatory demands, this integration gives our clients the confidence to manage third-party relationships effectively, ensuring compliance while keeping risk management simple and efficient.”

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