Vendor Due Diligence & Effective Vendor Management

Date:

Aug 13, 2024

Live Webinar: 90 Minutes

It will also explore the operational details of creating an effective vendor management program. Join former general counsel David Reed as he provides valuable insight into the best practices of vendor management.

Vendor management continues to be a high-priority operational and regulatory issue because every financial institution entrusts some of its most sensitive information, financial resources, and core business processes to third-party vendors. The explosion of virtual operations and remote services has introduced more opportunities, more vendors, and more risks into your processes.

 

If something goes wrong with a third-party relationship, guess who will get the blame: you! On top of that, consider how much of your budget is paid directly to vendors. Make sure your institution is getting the most from vendors while weathering the increased examination scrutiny.