Q&A: Tips for Financial Institutions Evaluating Fintech Relationships
Expert explains the difference between fintech relationships and regular TSPs and vendors, including best practices for evaluating fintechs.
Regulators Crank Up the Heat On BaaS Banking. What Does This Mean for Third-Party Risk Management?
BaaS banks have come under increased regulatory scrutiny. How can your institution capitalize on banking-as-a-service while remaining compliant?
TPRM 101: What is a Critical Vendor?
How does a financial institution identify critical vendors? How do you manage the risks of these third-party relationships? Read on to find out.
TPRM 101: What is Ongoing Vendor Monitoring for Financial Institutions?
Ongoing vendor monitoring protects your institution from third-party risk and is also a regulatory requirement. Learn more about monitoring vendor risk.
Request for Proposal (RFP) FAQ: Best Practices for Financial Institutions
What does a good request for proposal (RFP) look like for banks, credit unions, and other financial companies? This FAQ brings you all the answers.
TPRM: Which Vendors Deliver Return on Investment (ROI)
Tips for measuring return on investment (ROI) on vendor relationships at banks, credit unions, mortgage companies and other financial firms.
Q&A: The Future of Artificial Intelligence and Contract Management
Advances in artificial intelligence have big implications for banking, including contract management. What does it mean for software to be powered by AI?
Managing Fourth-Party Risk: What You Need to Know
What is fourth-party vendor risk and how do you protect your bank, credit union or other financial institution from it? Build a strong vendor management pr…
TPRM 101: What Is Contract Management for Financial Institutions?
What is vendor contract management? Discover how to protect your financial institution from third-party risk and ensure performance standards with contract…
Morgan Stanley's $100+ Million Vendor Management Mistake
Take a look at how deficient vendor management has come back to haunt Morgan Stanley to the tune of a $60 million fine from the OCC.
Creating a Vendor Board Package
Tips for creating the best vendor board package for your financial institution’s board of directors.
Third-Party Risk Management 101: Is It Easier to Have Less or More Vendor Types?
The surprising reason why more third-party vendor types actually creates less work for your financial institution – and what it means for risk management
What is a Third-Party Vendor?
What is a third-party vendor? How do you manage risk for third and fourth-party vendors? Here’s what your financial institution needs to know to comply.
Service-Level Agreements (SLAs) for Bank Vendor Management
Do your vendor contracts contain service-level agreements (SLAs)? SLAs guarantee performance and protect your financial institution from risk.
Vendor Due Diligence for Banks
Does your bank manage vendor risk? Don’t leave your institution and customers exposed. Choose the industry’s best vendor management solution.
ESG and Vendor Risk Management: What You Need to Know
Insights on the evolving role of ESG vendor risk management, including regulatory requirements for banks, credit unions, and other financial institutions
What is a Third Party?
What is a third party? How does a 3rd party help organizations succeed? What are the potential downsides of working with a third party?
Third-Party Service Providers and Vendor Management: What Banks Need to Know About New Guidance
New third-party service provider (TPSP) vendor management guidance for banks from the OCC, FDIC and Fed
Expert Q&A: How to Assess Vendor’s Data Recovery Capabilities
Data recovery advice for financial institutions outsourcing to third parties and how to manage these vendors
Outsource Marketing Activities? Make Sure You Have a Vendor Management Program
Marketing departments at financial institutions need to think about risk, compliance, and vendor management
ERM vs. Vendor Management: What’s the Difference?
Enterprise risk management (ERM) and vendor management are not interchangeable. Banks, credit unions, mortgage companies and fintechs need both.
4 areas of focus for evaluating cloud-based vendors
When evaluating cloud-based vendors, financial institutions should adhere to their existing vendor management cyber guidance.
4 Reasons to Add Cyber Monitoring to Your Vendor Management Program
The insights cyber monitoring provides can help you learn more about your vendor’s cyber risk by giving you answers to questions
8 Vendor Management Practices Examiners Are Looking For
Third-party vendors play a critical role in compliance. Therefore, examiners are looking for 8 vendor management practices.
How Many Vendors Should Your Financial Institution Have?
The number of bank, credit union, and mortgage broker third-party vendors isn’t nearly as important as identifying them all.
What Is a SOC Report and How Can I Use it for Vendor Management?
Financial institutions can use SOC reports as the first step in third-party due diligence, but true vendor management demands a deeper look.
Regulatory Insight: Artificial Intelligence & Third-Party Risk
Highlights from a comment letter to federal banking agencies (CFPB, FDIC, Federal Reserve, NCUA, and OCC).
The Future of Vendor Management: What the Proposed Federal Third-Party Guidance Means for Your Bank
Risk Management aims for a unified approach to vendor management, integrating oversight and accountability.
How Third-Party Oversight and Complaint Management Could Have Prevented an $11.5 Million UDAAP Enforcement Action—and What It Means for Your Vendor Management
Poor vendor oversight, complaint management, and risk controls hurt consumers.
3 Ways to Identify Critical Vendors for your Financial Institution
Are you making this critical vendor management policy mistake? It may be time to review your policies.