Vivox AI, beSirius partner on mining supply chain compliance
Partnership will bring supplier evidence assessments alongside financial crime checks, the companies said.
Artificial intelligence companies Vivox AI and beSirius have teamed up to streamline supplier evidence assessments and financial crime checks for industrial businesses, including those in the metals and minerals value chain. The partnership aims to reduce the time and cost associated with reviewing suppliers and counterparties by combining supplier evidence assessments with compliance checks.
Vivox AI brings its financial crime screening capabilities to the mix, while beSirius contributes its expertise in assurance requirements and evidence for mining and minerals operations. The joint solution helps businesses track corrective actions and address critical risks across their operations.
Vivox AI's explainable AI agents examine sanctions alerts, adverse media, and ownership structures to determine who ultimately controls a business. They cross-reference corporate records and other sources to maintain an audit trail of findings. The partnership enables teams to consider these findings together when reviewing suppliers, identifying which claims have supporting documents and what still requires further investigation.
According to Vivox AI CEO Tim Khamzin, investigating a company's ownership can be a time-consuming process, particularly when multiple entities and jurisdictions are involved. "Our agents help compliance teams work through that information and check the sources behind the findings," Khamzin explained. "Working with beSirius means those checks can be considered alongside the evidence companies already review when assessing suppliers."
beSirius's chief commercial officer, Sergey Tyan, noted that many companies possess the necessary documents but struggle to efficiently check them against various requirements. The beSirius platform utilizes existing evidence to create assessments that teams can review, while Vivox AI adds financial crime expertise to supplier questions, including ownership and sanctions risks.
The partnership ultimately aims to make supplier reviews less costly and time-consuming, as companies can reuse evidence instead of collecting duplicate documents and allow Vivox AI to handle aspects of the screening research that would otherwise be performed manually. Procurement and compliance teams will still review the findings and determine which questions require follow-up.
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