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Staying On Top of Vendor Risk Management News: Week of September 3

Sep 7, 2018 by Branan Cooper

We've put together the latest news on vendor risk management to keep you in the know. 

The Fed focuses on UDAP, you might see a new set of cybersecurity standards in the near future, US Treasury releases fourth and final report on the state of the financial system, retail breaches are up nearly 50% (yikes!) and more. Read below.

Industry News for the Week of September 3

UDAP (not UDAAP) focus by FRB: Read here

FinCEN on the value of Suspicious Activity Reporting (SARs): Read here

How are banks and fintechs getting along? Read here

Sounds like a new set of cybersecurity standards coming from NIST: Read here

Revisiting disaster preparedness and innovation in an article published and updated from last year: Read here

US Treasury releases fourth and final report on the state of the financial system: Read here

Retail data breaches up nearly 50% (just from last year!) Read here

Equifax outrage has fizzled, largely with so much else going on: Read here

NIST Public Workshop to gather input on Oct 16 in Austin: Read here

An argument I make often for regulatory compliance – if done well, just like this article points out on GDPR, it opens other competitive advantages: Read here

The impact of the OCC fintech charter on credit unions – the jury is still out: Read here

It's official - fintech is now a word in the Merriam-Webster Dictionary: Read here

A long standing best practice for financial services companies is to maintain a robust third party risk management program. Does yours measure up to the industry standard? View our on-demand webinar now bring your program up to speed.

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Branan Cooper

Written by Branan Cooper

Branan Cooper is the Chief Risk Officer at Venminder. Branan has nearly 30 years of experience in the financial services industry with a focus on the management of operational and regulatory processes and controls—most notably in the area of third party risk and operational compliance. Branan leads the Venminder delivery team as the third party risk management subject matter expert in residence. Branan also serves as an industry thought leader. He's a member of InfraGard and the Professional Risk Management Industry Association (PRMIA). And, he was selected in 2018 as an advisor to the Center for Financial Professionals (CEFPro) and board member for the Global Sourcing Resource Network (GSRN).

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