Banks accustomed to thinking of risk management as a point-by-point checklist should take note of the OCC’s Semiannual Risk Perspective for Fall 2016. Released in January, the document reinforces the agency’s enterprise wide approach to risk management, particularly when it comes to vendor management. Third-party risk management made cameos in several discussions of risk including: […]
Service level agreements can help financial institutions meet organizational goals and objectives by motivating vendors to reach guaranteed performance benchmarks—but only if they are written the right way. Savvy institutions develop effective SLAs by prioritizing goals, choosing smart measurements, setting specific benchmarks and creating enforceable consequences. Then they monitor them to ensure compliance. In this whitepaper, […]
Due diligence is essential for acquiring financial institutions. It’s the only way to truly understand the value of the institution being acquired—and avoid unseen risks. That includes vendor management. Failure to thoughtfully combine cultures and vendors can hurt your institution’s bottom line—not to mention cause regulatory missteps or adverse risks. This webinar will show you […]
Due diligence is essential for acquiring financial institutions. It’s the only way to truly understand the value of the institution being acquired—and avoid unseen risks. That includes vendor management. Failure to thoughtfully combine cultures and vendors can hurt your institution’s bottom line—not to mention cause regulatory missteps or adverse risks. This whitepaper will show you how tackle […]
This webinar discusses the impact of breaches on financial institutions along with regulatory mandates that hold your executives and Board responsible for your vendors’ cybersecurity and disaster recovery resiliency. In this webinar, we’ll learn about the requirements of the FFIEC’s Cybersecurity Assessment Too, information on how the FFIEC, OCC, FDIC, and Fed mandates overlap regarding […]
Just in time for Valentine’s Day, a new study has found that the Heartbleed Bug remains a serious problem for nearly 200,000 Internet-connected devices raising the question of how effectively your vendors are managing their patch updates. The Heartbleed Bug first made headlines in April 2013. It’s “a serious vulnerability in the popular OpenSSL cryptographic […]
Whether your financial institution has one branch or 1,000, your ability to maintain productive vendor relationships comes down to the quality of the vendor contract. This whitepaper is geared towards small- and mid-sized financial institutions looking to save money with better vendor contracts.
Ever wish for a list of exactly what an examiner is looking for? When it comes to the Office of the Comptroller of the Currency and third-party vendor management, your wish has been granted with the OCC’s Bulletin 2017-7, Supplemental Examination Procedures for Risk Management of Third-Party Relationships, released on January 24. The procedures aren’t […]
10 blog posts combined into one whitepaper You’ve read the top 10 risks blog posts, now download the whitepaper. From credit risk to cloud risk and everything in between, you’ll be up to speed and thwarting off risk at every turn in no time.
Perhaps there’s no buzz word more confusing to bankers and credit union executives than the “cloud.” It evokes an ethereal image of data floating safely and serenely overhead, able to materialize on screen with the press of a button. But the cloud is a place on earth. Actually, many places on earth.