Importance of Third Party Risk Management in Consumer Finance
It’s common for a financial institution to rely on a dozen or more vendors to close a consumer loan. And with the institution’s reputation and consumer relationships on the line every step of the way, the risk management of those vendors better be as airtight as possible.
Watch now to learn:
- Best practices for vendor on-boarding
- The three lines of defense in third-party risk management
- The critical link between data security and third-party vendors
- The current regulatory landscape