- Supply Wisdom unveiled its self-service, SaaS-based model that gives organizations the ability to conduct real-time risk monitoring.
- The new capabilities come in the wake of the firm inking partnerships with three Fortune 100 companies.
- Supply Wisdom made its Finovate debut in 2022 at FinovateFall in New York.
Today, Supply Wisdom launched a self-service, SaaS-based model that delivers real-time risk monitoring capability to organizations. The company noted that its new offering will help organizations operationalize location-specific risk in their decision making.
Tom Thimot, Supply Wisdom CEO, explained the challenges organizations face in terms of both new regulations and growing geopolitical risk. “Firms are starting to recognize that geographic concentration is a common risk indicator raised by DORA (Digital Operational Resilience Act) and many other recently introduced regulations, yet they lack adequate risk intelligence and the tooling needed to operationalize risk management,” Thimot said. To this end, the new model will help organizations deal with the growing incidence of geopolitcal disruptions to business activity.
The launch news comes in the wake of Supply Wisdom adding three new customers – all members of the Fortune 100 – to its roster. Although unnamed in the company’s statement, the new clients include one of the four largest banks in the U.S., one of the top three shipping companies in the world, and a leading U.S. financial services and insurance company. These firms have used Supply Wisdom’s platform to monitor 150+ metrics across eight location risk subdomains – including ratings and event alerts – in weeks.
“The days of hiring and training scores of staff to compile and aggregate data reporting manually are over,” Thimot said this week. “As a result, we are seeing more Fortune 100 companies across industries turn to Supply Wisdom for real-time risk intelligence. Through immediate insights, businesses can respond more quickly to minimize or avoid the potential impact of global threats.”
With more than 30 years of experience in scaling SaaS-based technology companies, Thimot joined Supply Wisdom as CEO in December. Previously, he was CEO of enterprise identity authentication firm authID. Thimot also served as CEO of Finovate alum Socure. During his tenure, Socure earned a valuation of $1.3 billion. The company also became known as a leader in day zero identity verification.
Supply Wisdom made its Finovate debut at FinovateFall 2022. At the conference, the company showed how it leverages real-time risk intelligence and alerting help organizations modernize their risk management beyond point-in-time practices. Founded in 2017 and headquartered in New York, Supply Wisdom has raised $11.5 million funding, according to Crunchbase. The firm counts Fulcrum Equity Partners and Florida Funders among its investors.