The equifax breach may be the beginning of the end for the business information industry.
During a disaster such as a hurricane, vultures swoop in and scam victims. Understanding Trust and Reputation is key.
Here is the first of a series of tutorial videos we will be releasing over the coming weeks. This video provides a general overview of our product and demonstrates how easy it is to build a dashboard and track companies.
It's never been easier to build a custom compliance dashboard.
To learn more contact us. HERE
The value and scale of Peer to Peer (P2P) networks is well known. There are several examples of very successful uses of this framework including Skype, Kazaa, Napster etc. The emergence of “social” software and web 2.0 infrastructures is largely based upon the core analogy of P2P. At TrustExchange, we are building the first P2P Risk Assessment Platform which will leverage this model to enable businesses to obtain a more accurate view of risk inside their operating ecosystem (customers, vendors and partners). Our goal is to be the "waze" of business information.
To gain a better view of what we’re up to, it may be helpful to first discuss the core idea behind P2P networks and then expand on how it applies to risk analysis. First, the definition, from Wikipedia, of Peer to Peer networks:
“Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes.”
Note the part about peers being “equally privileged, equipotent participants,” and you’ll understand the core idea behind TrustExchange's approach. We’ve noted previously how the existing b2b credit granting and credit management process is broken. And we believe these processes can be greatly improved by creating a P2P, open and transparent risk analysis platform where the data is created and maintained by the peers participating in the network.
Currently, the data used to assess the credit worthiness or viability of a given company is maintained and controlled by the large credit bureaus such as Experian and Dun and Bradstreet. These bureaus are fundamentally middle men with limited value since they don’t grant or issue credit. Businesses make the credit decisions themselves and need a better tool that is more accurate, timely and correlated to viability.
Wouldn’t it be better when analyzing the risk of a given company, if you could not only look at their payment history, but examine how they perform in all aspects of their business? A global risk assessment which takes into account how they perform as a customer, vendor and partner?
Wouldn’t it be valuable to not only look at a single company but view an entire portfolio of customer risk, vendor risk and partner risk?
This is what we are creating at TrustExchange. If you think this is valuable and have strong opinions on the issue sign up now and participate in the discussion and give your input into the development process.
Yesterday we co-sponsored a webinar with our partner, AuditLink. This was the first in a series of web conferences we will be hosting for Credit Unions and CUSO's regarding their unique challenges with Vendor Compliance.
This first webinar detailed the key aspects of a vendor compliance program and the solution being offered jointly by AuditLInk and TrustExchange.
Here is the video of the slides we used. A recording and q&a will also be available shortly. If you would like more information or a demonstration, please fill in the form below.