Mirato redefined Third-Party Risk Management (TPRM) with cutting-edge Artificial Intelligence designed to deliver unmatched efficiency, accuracy, and strategic insight. Their innovative platform provided a distinct and powerful advantage by eliminating complex, manual processes and empowering employees to focus on more critical tasks.
The Beauty of AI-Powered Automation: Mirato’s core strength was its ability to automate the most time-consuming aspects of TPRM, which traditionally hinder scalability and speed. Their solution intelligently “pre-answers” due diligence and risk assessment questionnaires – an industry first. Using advanced AI and natural language processing, the platform analyzed a third party’s documentation, extracted critical information, and auto-generated a completed questionnaire for review. This capability dramatically reduced effort and time for both third parties and internal subject matter experts, enabling organizations to scale their TPRM programs with unprecedented efficiency and manage a higher volume of assessments with greater precision. By automating and streamlining these processes, Mirato delivered a substantial reduction in assessment costs and effectively doubled the risk assessment capacity of existing teams.
Unwavering Accuracy and Intelligent Insight: Mirato moved beyond opaque “black box” outcomes to enable faster, more confident human decisions. The Mirato platform provides risk experts with a clear, evidence-backed list of controls and a complete audit trail from the very start of an assessment, empowering teams to focus on strategic risk management rather than tedious data collection. The accuracy of the results was a direct outcome of AI automation, which eliminates the potential for human error and delivers verifiable, fact-based outputs. Mirato implemented strict validation techniques to filter out incorrect information and prioritize data accuracy in their AI training methods. Mirato’s commitment to consistency ensures the model produced consistent and reproducible results for the same input, building trust and mitigating uncertainty in risk recommendations.
Strategic AI Design Principles: The integrity of Mirato’s solution was built on a foundation of rigorous design principles. They have engineered their AI to avoid hallucinations—the generation of misleading or fictional information. Their explainable AI model provides a transparent decision-making process and a comprehensive audit trail for every piece of evidence. To combat prompt injections, a top security threat to LLMs, Mirato employed robust input sanitization and defensive training methods to recognize and neutralize injection attempts. This proactive approach ensured the AI systems are secure, resilient, and immune to manipulation.
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Sayari’s Unified Vision: A New Era of Risk Intelligence
With the acquisition of Mirato, Sayari is poised to reshape integrated risk intelligence. By combining Sayari’s extensive global commerce and trade data with Mirato’s advanced AI, we will accelerate the creation of a truly integrated solution. This powerful synergy will empower risk professionals with unparalleled global supply chain and third-party insights, delivered in a fraction of the time. The result is a single, comprehensive view of risk across the entire ecosystem, leading to clearer insights and greater control over critical business relationships.
