Third Party Vendors have become a critical part of all Enterprises resulting in increased risk exposures to Cybersecurity, Privacy, Financial, Regulatory, Reputational and many more. Both enterprises and their vendors spend great time, effort & cost in governance and risk assessments. Management has mountains of data at their fingertips but limited risk insight. We have developed an OPEN Third Party Risk Exchange (OPEN3PRX) to help Enterprises and their Vendors fast-track onboarding with quick access to trusted and cost-effective risk assessment data by subscribing to a shared utility-based risk insights data exchange.Benefits to Enterprise - Quick onboarding & access to trusted vendor risk data; Benefits to Third Parties – Get assessed ones, share it with multiple customers.