A document store answers what you hold. A review asks what you knew, when you knew it, what changed, what you did about it and who decided. IQON records those answers as the work happens, so the evidence describes the process and not just its attachments.
The problem
Most companies do not have a structured way to manage vendor and other counterparty risk beyond onboarding.
Ownership structures are unclear
Risk is checked once, not monitored
Exposure is not linked to actual business relationships
Processes are fragmented across tools
This creates blind spots in both compliance and business risk.
What you get
IQON extends its existing risk and onboarding capabilities to all counterparties.
You get:
Ownership and UBO visibility
Sanctions, PEP and adverse media screening
Continuous monitoring (not point-in-time checks)
Structured workflows and full audit trail
Risk is linked to actual business exposure — not just entity screening.
What you see
A single view of all vendors and counterparties
Risk classification across your vendor base
Alerts when ownership or risk changes
Full history of reviews and decisions
No separate tools or disconnected processes.
Where it is used
Financial institutions
Third-party risk, DORA-related vendor oversight, compliance
Audit and advisory firms
Supplier due diligence, client-related counterparties
Investment managers / private markets
Visibility into counterparties across investments and operations
DORA (EU) and vendor risk
Financial institutions are required to manage and monitor ICT third-party risk under DORA.
IQON supports this by providing:
structured vendor data
ownership and UBO visibility
continuous monitoring and alerts
risk classification and audit trail
IQON can be used as part of a broader DORA framework for third-party risk management.
Why this matters
You may depend on vendors you do not fully understand
Ownership and risk can change after onboarding
Manual reviews do not scale as your organisation grows
Vendor risk is not a one-time check — it is an ongoing process.
Every screening result, document, task and decision on the relationship, in sequence.
The conclusion, the person who reached it and the reasoning that supported it.
What changed, when it was detected and what happened as a result.
What the relationship looked like on a given date, not just how it looks today.
Where each piece of information came from and when it was last confirmed.
A structured account for an auditor, a regulator or an internal review.
IQON automates the preparation of a decision, never the decision itself. Screening runs automatically. Documents are chased automatically. Risk is calculated and presented. The conclusion belongs to a person, and the record says who.
That is what makes the evidence defensible: not that a system did the work, but that a responsible individual made a judgement on a complete picture, and it can be shown.