You probably have hundreds of vendors. How well are managing them?
Banks continue to rely on third party vendors to gain efficiencies, lower costs, and become more competitive. You are required to conduct due diligence, and monitor performance of outsourced services. More and more, examiners are focused third party processing so it pays to have a robust Vendor Management Program. Putting together a program takes time, effort, and know-how but we can help you assess your vendor landscape, and help you build out a solid program.