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Ncontracts Top 5 Resources That You’ll Want for 2023

Risk & Compliance

Ncontracts Top 5 Resources That You’ll Want for 2023

Posted by Ncontracts on Dec 30, 2022 12:53:10 PM

Here at Ncontracts, we’re all about thought leadership and knowledge as a service (KaaS) — both inside and outside our solutions.  

Our team of subject matter experts is constantly working to keep you updated about the latest developments in risk and compliance. We want to make your job easier and your institution more efficient while empowering the board and management with the insights they need to make smart decisions. 

As we head into 2023, we’re sharing a few of the resources that will help you get off on the right foot.  

You can also check out our collection of free expert-produced resources anytime on our website. That includes our huge library of on-demand webinars such as Risk & Compliance Culture: What Examiners Want, How to Find, Retain, & Train Financial Institution Staff, and Risk Assessment in a Time of Volatility: What You Need to Do Today. 

 

  5 Resources You’ll Want for 2023 

 

  1. Monthly Regulatory Updates  

Worried about missing an important change? Want to know what’s coming down the road?  

Each month Stephanie Lyon, Ncontracts vice president of regulatory compliance product & development, reviews the latest regulatory changes, guidance, and news with members of her team of compliance experts in a fun, informative podcast.  

These regulatory attorneys and certified compliance professionals help you understand what’s going on in the world of regulatory compliance and how it might impact your institution. It’s the same team behind our Ncomply solution so you know the information is correct, up-to-date and smart. 

You can also subscribe for notifications when each podcast drops.  

 

2. The Ultimate Guide to Fintech and Third-Party Vendor Onboarding  

Smart financial institutions know that bringing on a new fintech, vendor or other third-party partner is a lot more than just signing a contract. It’s an exercise in strategy paired with practicality. You need to justify why outsourcing an activity makes strategic sense and then verify that the partner you’re choosing is strong and will help your institution reach its goals. 

The Ultimate Guide to Fintech and Third-Party Vendor Onboarding explores each of the five stages of vendor onboarding from vendor request to approval to show you how to successfully onboard new partners. This whitepaper shows you what needs to be done, why you need to do it, and best practices for doing it the right way. 

As regulatory agencies take a closer look at updating guidance regarding third-party service providers — especially fintechs — it’s a great resource for making sure your institution has an effective onboarding program.

Whitepaper: Do You Know What Your Vendor’s Vendors Are Doing? Third-Party Risk Management for Fintechs  
Ncontracts is committed to helping financial institutions responsibly partner with third parties — including fintechs. Part of that mission is showing fintechs what financial institutions are looking for from their partners. 

This whitepaper gives fintechs a rundown on third-party risk and vendor management requirements, breaks down the top 10 vendor risks (also known as third-party risks) that fintechs pose to their financial institution partners, and highlights the due diligence necessary to mitigate them. 

If you’re a financial institution that needs to explain third-party vendor management to a potential partner or help them remain current with any regulatory updates or changes, this whitepaper will help.  

 

3. Whitepaper: Do You Know What Your Vendor’s Vendors Are Doing? Third-Party Risk Management for Fintechs   

Ncontracts is committed to helping financial institutions responsibly partner with third parties — including fintechs. Part of that mission is showing fintechs what financial institutions are looking for from their partners.

This whitepaper gives fintechs a rundown on third-party risk and vendor management requirements, breaks down the top 10 vendor risks (also known as third-party risks) that fintechs pose to their financial institution partners, and highlights the due diligence necessary to mitigate them. 

If you’re a financial institution that needs to explain third-party vendor management to a potential partner or help them remain current with any regulatory updates or changes, this whitepaper will help.  

 

4. Whitepaper: Uncover Fair Lending Risk to Build a Stronger Fair Lending Program   

It’s no secret that the government is cracking down on fair lending violations everyone from the banking regulators to the Justice Department and states. That makes a strong fair lending program a non-negotiable part of your compliance program. 

This whitepaper breaks down the elements of an effective fair lending compliance management system everything from risk assessments and controls to analytics so your institution can confidently prevent and detect discrimination.  

 

5. Template: Compliance Sample Policy 

 If you’re in the compliance field, you probably spend a lot of time writing and updating policies. Are you tired of starting from scratch with each policy? Ever wonder what an effective policy looks like? 

Our free policy template download breaks down the eight essential elements of every policy. It shows you the questions every policy should answer and where to include regulatory references. Rather than copying a peer’s policies (which may not apply to your institution), this template makes sure you are considering all the applicable factors. 

 

Want to get a jumpstart on 2023? Register for our webinar 
Regulatory Expectations & Enforcements in 2023. 

REGISTER NOW

 

Topics: Risk & Compliance

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