Tag: third-party vendors

You Got SOC Questions? We Got SOC Answers!

Did you miss our recent webinar, "How to Leverage SOC and SSAE 18 Reports Throughout Every Department of Your Financial…

OFAC, Cyber Risk & Third-Party Vendors: What You Need to Know

Bankers know they shouldn’t do business with parties sanctioned by the Office of Financial Assets Control (OFAC). That doesn’t just…

3 Spooky Contract Clauses That Will Raise Eyebrows

Forget Michael Meyers and the newest installment of the Halloween franchise. If you really want to be scared, you should…

3 Types of Vendor Monitoring

Your vendors have promised a lot. More than just providing products and services, they’ve promised to keep your data safe…

Coming to a GSE Near You: Better Third-Party Risk Management via FHFA Guidance

After the housing crisis, Fannie Mae, Freddie Mac and the Federal Home Loan Banks were largely focused on credit and…

Sharing BSA Resources with Another Institution? Third-Party Vendor Management Rules Apply

Regulators have given financial institutions a green light for sharing Bank Secrecy Act (BSA) resources in some situations, but proper…

5 Features Every Vendor Management Software Solution Should Have

When properly constructed, a vendor management software solution is a tool that guides an institution through managing third and fourth-party…

10 Steps to a Pain-Free Vendor Management Process

The directive came from on high, and there is no escaping it: You are responsible for your institution’s vendor management…

Is Your Third-Party Vendor Contract Specific Enough When It Comes to Cybersecurity?

If you’re assuming your third-party service provider is following cybersecurity best practices because it’s smart business, think again. Vendors are…

Vendor Consolidation: What It Means for Vendor Management and Due Diligence

In a world where systems need to be able to communicate, many financial institutions are choosing to consolidate vendors, using…