Third-party management solutions firm Certa has joined forces with financial crime risk platform Castellum.AI to offer improved financial crime risk data to compliance and procurement professionals for better third-party risk management (TPRM).

Through the partnership, Castellum.AI risk screening will be integrated into Certa’s TPRM platform.

The integration will help compliance and procurement professionals access the most accurate, reliable, and fastest information on sanctions, export controls, adverse media, beneficial ownership, and others.

It will also allow clients to address global anti-money laundering (AML) requirements and ensure their customers and suppliers are not subject to government restrictions.

Both parties aim to enable the professionals to automate the entire risk screening process by delivering financial crime risk screening directly within their TPRM platform.

Castellum.AI CEO Peter Piatetsky said: “We’re very excited to announce this partnership with Certa. By integrating our data with Certa’s TPRM solution, we’re able to provide compliance and procurement professionals with the most accurate and reliable vendor risk insights, updated every five minutes.

“Now they can identify risks like forced labour, export controls, or other reputational risks as part of an automated vendor onboarding process.”

The partnership between the companies comes after Certa secured $35m in a Series B funding round. The TPRM firm also introduced its new artificial intelligence (AI)-driven solution, dubbed CertaAssist.

Certa CEO and founder Jag Lamba said: “At Certa, we are committed to making customer and supplier onboarding as effortless as possible.

“By bringing Castellum.AI’s data into our AI-powered platform, compliance and risk professionals can quickly and easily bring on third parties with confidence that they aren’t also welcoming financial crime risk.”

Separately, the financial crime risk platform also raised $4m in seed round funding.