As a financial institution, you understand there is risk in working with third party vendors, but are you really prepared to meet that risk head-on with an enterprise strategy across your vendor ecosystem?
EBA, FCA, FFIEC, GDPR, NYDFS, and OCC all have requirements pertaining to working with third parties. Whether you are working with 100 or 100,000 vendors, Prevalent can help you scale your TPRM program to meet global regulatory requirements, mitigate risk, and reduce expenditures.
Provides a comprehensive, cloud platform that is easily scalable to meet your specific needs.
Helps you manage your vendors through automated risk assessments and vendor classification.
Delivers robust continuous monitoring capabilities across 5 areas: Data, Legal, Brand, Operational, and Financial.
Gives you the ability to assess yourself and share with your vendors through our Exchange network.
Delivers API integration into your current GRC platform (Archer, Metricstream, etc.).
We have risk reporting on time when we need to report to the authorities. Consistent reporting metrics is another key benefit.
— S&P Financial Services Organization
Gartner’s 2019 Magic Quadrant for IT Vendor Risk Management reviews 16 VRM providers.
This complementary guide distills 6 key best practices for third-party risk management from our 15+ years...