Financial institutions face mounting pressure to manage risk across an ever-growing web of third-party relationships, all while navigating heightened regulatory scrutiny, expanding cyber threats, and limited internal resources. This has led to a widening vulnerability gap, where the ability to monitor and assess third-party risk lags behind the scale and speed of the business. To stay compliant, secure, and competitive, financial services providers must evolve from reactive processes to mature, proactive third-party risk management programs.
In this whitepaper, you'll uncover the eight biggest challenges facing financial services third-party risk management teams and discover how to overcome them with the right mix of process, technology, and data.
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