Empowered Systems and FiscalNote Forge Strategic Alliance to Elevate Third-Party Risk Management Solutions

Date – 08-Aug-2024

Partnership Integrates FiscalNote’s AI-Driven Risk Solutions with Empowered Systems’ Connected Risk™ Platform

Empowered Systems, a leading provider of integrated risk and compliance solutions, has announced a strategic partnership with FiscalNote Holdings, Inc., a frontrunner in policy and global intelligence. This collaboration will see the integration of FiscalNote’s Risk Connector, Copilot for Global Intelligence, and Dragonfly into Empowered Systems’ Connected Risk™ platform, setting a new standard for third-party risk management.

Connected Risk™ Platform: Advancing Comprehensive Risk Management

Empowered Systems’ Connected Risk™ platform is designed to tackle the complexities of third-party risk management. The integration of FiscalNote’s cutting-edge tools—Risk Connector, Copilot for Global Intelligence, and Dragonfly Geopolitical Intelligence—will offer users a unified view of regulatory compliance and geopolitical risks within a single interface. This enhancement enables businesses to navigate an increasingly complex risk landscape with greater confidence, thereby improving operational resilience.

FiscalNote’s renowned Global Intelligence solutions, already favored by top intelligence, risk, and security professionals, will now be accessible to a wider range of business functions and customers within the risk and compliance sector. This partnership offers FiscalNote an opportunity to broaden its customer base, accelerate growth, and increase revenue.

Key Components of the Partnership:

• FiscalNote Risk Connector: This AI-powered tool provides real-time, comprehensive insights into risks across an organization’s network of relationships. It maps and monitors third-, fourth-, and fifth-party interactions, offering automated supplier and vendor mapping to proactively manage operational, regulatory, and reputational risks through early warnings and actionable insights.
• Dragonfly: Known for its top-tier security and geopolitical risk intelligence, Dragonfly delivers detailed country and city risk ratings. It covers 24 risk categories, including political, security, cyber, and operational risks, enabling Empowered Systems clients to accurately assess and manage the geopolitical risk exposure of their third parties.
• FiscalNote Copilot for Global Intelligence: This AI-driven assistant provides real-time, curated information from FiscalNote’s extensive portfolio of geopolitical and intelligence products. The Copilot delivers tailored insights and actionable data from a vast database, supporting security, policy, strategy, and intelligence teams globally. It offers decision-makers access to over 1,500 experts, 50,000 reports, and 18,000 risk ratings.

Statements from the Partners:

Andy Markle, Chief Revenue Officer of Empowered Systems, commented, “This partnership marks a significant leap forward in our commitment to providing superior risk management solutions. By integrating FiscalNote’s advanced AI and geopolitical intelligence capabilities, we enhance our platform’s ability to deliver in-depth, actionable insights that safeguard our clients’ operations and strategic interests.”

Josh Resnik, President & Chief Operating Officer of FiscalNote, added, “Our collaboration with Empowered Systems aligns with our strategy to extend the reach of our unique data and AI solutions. Partnering with a leading risk management firm like Empowered Systems positions us to deliver crucial insights for managing risk, compliance, and supply chain challenges. As global volatility and geopolitical tensions rise, access to FiscalNote’s award-winning intelligence will be essential for strategic decision-making. We are excited to embark on this partnership and anticipate significant results.”

This strategic alliance is set to transform the third-party risk management landscape, combining FiscalNote’s sophisticated intelligence with Empowered Systems’ robust platform to offer an unparalleled solution for today’s complex risk environment.