Brokered Deposits & Vendor Management
As the industry pushes for more flexibility to make it easier to work with deposit brokers, bankers can help make their case with strong vendor management.
Are You Making This Common Vendor Management Mistake Observed by the FDIC?
FIs aren’t doing enough to ensure their contracts with third-party vendors sufficiently address business continuity and incident response.
3 Tips for Avoiding an Equifax-Style Breach
When one of the nation’s largest credit reporting companies reports a breach involving the private financial data of over 145 million Americans, people
7 Risks that Third-Party Vendors Pose to Your Financial Institution
In 2019, vendor risk management remains a key concern for financial institutions in the US. There’s a good reason for that! Here are...
Why Vendor Cyber Monitoring Matters
No matter how strong a financial institution’s own cyber defenses are, it’s really only as strong as its weakest vendor.
How to Discover Vendor Cybersecurity Flaws Before Data Thieves Exploit Them
How do you know if a cybersecurity rating is covering all the bases? Make sure it monitors these key areas...
The Bad Guys Keep Getting Smarter. Let’s Hope Financial Institutions and Vendors Can Keep Pace.
Cyber criminals are growing increasingly clever.Just consider what happened to Tampa Bay Credit Union recently...
Third-Party Management of Cloud Computing
While 'the cloud' may seem mysterious to the layperson, there shouldn’t be anything secretive about your third-party vendors’ cloud use. If your vendor
Is Apple Pay a Vendor?
Apple Pay is not a direct vendor. This raises an interesting question. Should financial institutions (FI) using Apple Pay have to review Apple as a vendor?
NCUA Eyes Economic Environment, Change Management & Third-Party Risk With 2019 Supervisory Priorities
The NCUA has made adjustments to its Supervisory Priorities for 2019 - emphasizing controlling risks, including a new focus on third-party risk management.
Examiners Will Be Focusing on Your Institution’s Riskiest Areas. Do You Know What They Are?
In the FFIEC Press Release, dated 11/27/2018, the FFIEC provided a more formal idea of what a “risk-based exam” looks like and the factors that will help
Ncontracts Receives Endorsement from the Florida Bankers Association for Contract Management
Ncontracts is thrilled to receive the endorsement of Florida Bankers Association for contract management.
You Got SOC Questions? We Got SOC Answers!
Did you ask a question during our live broadcast of How to Leverage SOC and SSAE 18 Reports Throughout Every Department of Your Financial Institution?
What Is VMS
VMS stands for vendor management software. A VMS is an internet application that is designed to give organizations the tools they need to use
Vendor Due Diligence
Vendor due diligence refers to gaining assurance that a vendor or potential vendor is financially stable and ethical and that its corporate structure is
Vendor Definition
In terms of financial institutions, a vendor is an entity that provides a product or service the bank uses to conduct its business. Vendors play an essent
Inherent Risk
Inherent risk is the risk that exists naturally when there are no safeguards in place to avoid trouble.
OFAC, Cyber Risk & Third-Party Vendors: What You Need to Know
Bankers know they shouldn’t do business with parties sanctioned by the OFAC - as the agency has reminded us in its most recent statement on sanctions and
5 Ways Intelligent Branch Planning Can Save Your Bank Millions
Here are 5 clear ways that intelligent branch planning can save your bank or credit union millions of dollars, with the numbers to prove it.
Vendor Management Framework
A vendor management framework is a logical system for developing a vendor management program. The framework includes recommendations for creating
Vendor Risk Management
Vendor risk management is a process that aims to deal with the risks associated with working with vendors. This process begins when the company is first
Vendor Management
Vendor management refers to all the systems, strategies, and techniques used to get more value from every vendor and third-party service provider
Vendor Management Best Practices
Learn vendor management best practices ranching from good communication to having the correct procedures in place.
Lessons from a Fintech O.G.
When Phil Meinert began his career in computer programming, the first wave of fintech development had just begun. If you think it’s hard to implement new
3 Types of Vendor Monitoring
How do you know whether your vendors are actually doing what they say they are doing? It comes down to three key types of vendor monitoring...
Coming to a GSE Near You: Better Third-Party Risk Management via FHFA Guidance
If you’ve been holding off on formalizing your approach to vendor management, this is another sign that you need to get on board.
Sharing BSA Resources with Another Institution? Third-Party Vendor Management Rules Apply
Regulators have given financial institutions a green light for sharing BSA resources in some situations, but proper third-party vendor management practices
Discovering a Vendor Data Mistake: A Lesson from the Fiserv Flaw
Have you ever swapped out a number or letter in a URL to skip to another page? Cybersecurity researcher and ethical hacker, Kristian Erik
5 Features Every Vendor Management Software Solution Should Have
Here are the top five features to look for when selecting a vendor management software solution...
Is Your Third-Party Vendor Contract Specific Enough When It Comes to Cybersecurity?
If you’re assuming your third-party service provider is following cybersecurity best practices because it’s smart business, think again...