Tag: vendor management

5 Features Every Vendor Management Software Solution Should Have

When properly constructed, a vendor management software solution is a tool that guides an institution…

10 Steps to a Pain-Free Vendor Management Process

The directive came from on high, and there is no escaping it: You are responsible…

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…

Risk & Vendor Management: The Role of Committees vs. Departments

When it comes to risk and vendor management, both the board and management have specific…

Should Vendor Management Report to Compliance or IT?

Risk management is rarely black and white. What’s best for one financial institution isn’t necessarily…

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…

Should You Outsource Vendor Management?

For years, financial institutions have outsourced a variety of activities to third-party vendors creating a…

Two Shocking Contract Management Mistakes That Cost Bankers Their Jobs

You probably think of vendor contract management as something that protects your institution. That’s true,…

FS-ISAC: Third Parties “Still a Big Risk”

Financial institutions need to continue to pay close attention to third-party access points, control objectives,…

Are Silos Stunting Your Risk Management Efforts?

When it comes to risk management, there’s a big difference between thorough and redundant. Thorough…