Tag: Third-Party Risk Management

Financial services companies are rushing to integrate artificial intelligence (AI) into their operations, but many are doing so without adequate governance frameworks or testing procedures.

Banks are increasingly turning to third-party relationships to tap into new technologies, services, and markets.

Ncontracts, a provider of integrated compliance, risk, and vendor management solutions, has acquired Venminder, a third-party risk management platform.

Bribery and corruption pose some of the most significant threats to the integrity of global business operations in the modern day. 

The concept of third-party risk management is hardly a fledgling idea. However, as the world becomes ever-more digitised, cybersecurity threats are now looming larger...

Sprinto, a prominent player in the RegTech industry, has successfully closed a $20m Series B funding round. The investment was led by notable names including Accel, Elevation Capital, and Blume Ventures, positioning Sprinto for significant technological advancements.

Risk Ledger, a cybersecurity business specialising in supply chain resilience, has successfully closed a £6.25m series A funding round. This injection of capital comes at a critical time when third-party security breaches are at an all-time high.

Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies.

In a recent post by Moody's Analytics, the company outlined three key pillars of third-party risk management.

Long Ridge Equity Partners has purchased ProcessUnity, a software-as-a-service provider for integrated risk management.