Vendor risk management can be painful, time-consuming, and expensive. Get the secret ingredient to capture the full range of vendor risks in our latest blog post.
Third Party Risk
January 7, 2019
Third-party risk management is a key priority for banking regulators like the Office of the Comptroller of the Currency (“OCC”). Every one of the many thousands of service providers a bank may use exposes them to different levels of risk - some of which can be serious and costly. This is why banking regulators are requiring strong, risk-based due diligence and ongoing monitoring before and after a third party is hired. Roy Kim explains what you need to know.
December 14, 2018
Performing third-party risk management (TPRM) on vendors is a complex, high-stakes process. So how do you decide what is the right solution for your company? Here are 5 key differences to help you determine whether process automation or process outsourcing is best for your company.
October 26, 2018
White Paper: Small Banks, Big Regulations: How Small Banks Can Use a Value Approach for Third-Party Vendor Risk Management
Small banks face signif
October 15, 2018
White Paper: Small Banks, Big Regulations: How Credit Unions and Small Banks Can Use a Value Approach for Third-Party Vendor Risk Management
Small banks and credit unions face significant issues regarding the management of their third-party vendors and the risks they present. While the size of these financial institutions (FIs) may be smaller than their counterparts, the regulatory demands on them are just as extensive.
January 18, 2018
Are you tired of managing your vendors with spreadsheets? Do you have a different tab for every third party? Does the prospect of a regulatory exam make you break out into a cold sweat?