BankTech Bytes: Elevate your Third-Party Risk Management Program

2/7/2022 - By Saltmarsh, Cleaveland & Gund

This BankTech Bytes Newsletter discusses considerations for elevating your Third-Party Risk Management Program.

Vendor Management, which is now trendily known as Third-Party Risk Management (TPRM), continues to get increasing regulatory attention as it should. Most of us in the banking space these days are increasingly outsourcing key operations to third parties. Peering ahead, it’s hard to imagine that changing. It looks like the next great wave to wash over TPRM could be decentralized finance (DeFi) and cryptocurrency integrations. These may even overtake traditional Fintech as banking’s biggest potential disruptor. With compliance, safety and soundness exams focusing on TPRM, it is time to consider how to evolve our programs.  

How to Get Started

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About the Author | Jason Keith, CIA, CISA

Jason is a senior technology risk consultant at Saltmarsh, Cleaveland and Gund. He specializes in consulting highly-regulated industries such as financial institutions, healthcare organizations and the defense industrial base, providing information security assessments, vulnerability and penetration testing and other related information security compliance services. Jason has over 20 years of professional experience and has held several technology-focused leadership roles with previous organizations, including Vice President of Risk, Chief Information Officer, and Chief Operations Officer.

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