Babel Street and PSI's Checkmate Enter Exclusive Relationship to Automate Supply Chain Due Diligence
WASHINGTON, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Babel Street, Inc., the world’s leading AI-enabled data-to-knowledge company, today announced it has partnered exclusively with Partnership Solutions International (PSI) to harness the power of its Checkmate technology, the only full-spectrum, forensic supply chain risk tool. Incorporating this tech into the Babel X platform further automates and empowers multi-level supply chain analysis.
As a result of the COVID-19 pandemic and its impact on international supply chains, the supply chain analytics market is expected to continue growing rapidly. According to Allied Market Research, the supply chain analytics industry will be worth $16.82 billion by 2027.
PSI’s Checkmate is the first-to-market solution to automate and address the full spectrum of supply chain risk management. Checkmate applies artificial intelligence (AI), machine learning (ML), and blockchain technology to automate the process of evaluating every stage of a supply chain. The Checkmate solution was created and fielded by PSI CEO and founder, Darryl Williams, a renowned expert with more than 28 years of experience in full-spectrum forensic supply chain attack and defense.
Babel Street helps its clients identify, organize and analyze publicly available information (PAI) across the indexed deep and dark web. Its cross-lingual search and text analytics technology analyzes information across more than 200 languages and emojis.
Williams said, “Given the global nature of supply chains, the multi-linguistic capabilities of Babel Street made it the ideal exclusive partner for Checkmate’s unique context analytics. It was critical for us to select a software platform that can offer a truly international and exhaustive view of any situation. Babel Street works with many of the world’s governments and private organizations because of its superior capabilities to offer global situational awareness.”
Checkmate’s analytics and comprehensive supply chain knowledge graphs will be integrated directly into the Babel Street software platform to increase the efficiency of supply chain due diligence for Babe Street clients by drastically reducing the time required to analyze critical data. What previously took weeks to collect, collate and synthesize will now take analysts only a few minutes.
“The supply chain disruptions caused by the COVID-19 pandemic have emphasized how mission-critical supply chain due diligence and risk management truly are,” said Jeff Chapman, Babel Street CEO and founder. “Aligned with our mission to offer the gold standard of software solutions, this exclusive partnership to integrate PSI Checkmate into Babel Street’s platform offers our clients the best-in-breed of supply chain due diligence.”
This exclusive partnership will help government and commercial organizations facilitate compliance with recent regulatory updates related to supply chain risk and safety, like Federal Acquisition Regulation (FAR) 889 and Cybersecurity Maturity Model Certification (CMMC), by validating supply partners across often complicated and opaque ownership structures. Certifying CMMC compliance across a supply chain can be a massive undertaking, but PSI Checkmate and Babel Street technologies not only automate the process, they provide a depth of knowledge across languages that is unmatched.
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