Survey of financial services and financial technology companies reveals current processes and challenges faced in 2019.
Clients love Venminder because the tools are user friendly and you have an entire firm behind you to manage the everyday risks associated with third parties.
Vendor management oversight is now recognized as a unique discipline which you can successfully outsourced.
Centralize, automate, assess and report on vendors
Fourth Party Vendors
Just when you thought you had your arms around your vendor management program, auditors and examiners have been requesting information about your “vendor’s vendors” as of recent years.
Dealing with third parties is a lot to have on your plate, however examiners think you can still handle more. They will ask you about your fourth parties too!
What in the world is a fourth party [...]