Folsom, CA, 95630,
United States
Magnit (formerly PRO Unlimited)
Magnit (formerly PRO Unlimited), a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Magnit (formerly PRO Unlimited) collaboration with software players such as S&P Global empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| Magnit (formerly PRO Unlimited) | S&P Global | S&P IHS Markit KY3P | AML, Fraud and Compliance | TRM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
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Goldman Sachs Group | Banking and Financial Services | 46200 | $58.3B | United States | S&P Global | S&P IHS Markit KY3P | AML, Fraud and Compliance | 2022 |
In 2022, Goldman Sachs Group deployed S&P IHS Markit KY3P within its AML, Fraud and Compliance tooling to standardize third party risk profiling and vendor assessments. The implementation is positioned as the firmwide mechanism for vendors to complete a risk profile and support ongoing due diligence and risk reviews.
S&P IHS Markit KY3P is configured to orchestrate assessment workflows, capture vendor risk profiles, route evidence for ongoing due diligence, and trigger assessment communications. The platform supports questionnaire management and structured risk review schedules, aligning with common AML, Fraud and Compliance functional terminology such as assessment orchestration, evidence collection, and risk scoring workflows.
Operational scope is centered on vendor onboarding, the majority of external vendors, and the firm’s procurement and vendor risk management functions, with compliance and legal teams participating in review cycles. KY3P implements an email-driven onboarding trigger where KY3P sends an email to vendors with next steps once onboarding has been initiated, reflecting integration with Goldman Sachs Group vendor onboarding processes and communications workflows.
Governance is defined by mandatory completion of the KY3P assessment and ongoing risk review obligations documented in Goldman Sachs Group Due Diligence materials, and the deployment included implementation support from Magnit, formerly PRO Unlimited. The narrative emphasizes application-level controls, assessment cadence, and role-based review responsibilities within the vendor lifecycle rather than specific outcome metrics.
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Buyer Intent: Companies Evaluating Magnit (formerly PRO Unlimited) Services
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