Third Party Risk

Insights and guidance from ACA's team of experienced compliance and technology professionals.

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Potential Risks for Banks Using Third-Party Broker-Dealers
January 7, 2019

Third-party risk management is rightfully a key priority for banking regulators like the Office of the Comptroller of the Currency (“OCC”). It should be considered as a material operational risk alongside business continuity, cybersecurity, and more. Some banks use thousands of vendors, including affiliates, to operate their businesses and deliver the solutions and convenience that the market demands. 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.

5 Cybersecurity Trends to Watch Out for in 2019
January 4, 2019

What are the top five cybersecurity trends your company should prepare for in 2019?

Third-Party Risk Management: DIY
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.

November 2, 2018

Did you miss our vendor risk management webcast? ACA Aponix's Marc Lotti shares tips from the session for a team approach to vendor risk management.

October 15, 2018

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.

ACA vendor management platform
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?