Due Diligence 2.O: How Vendor Risk Assessment Will Evolve

https://www.finextra.com/blogposting/18200/due-diligence-2o-how-vendor-risk-assessment-will-evolve

Alex Golbin IHS Markit – “Due diligence transformed … Redesigning due diligence with control objectives makes the process more logical and the outcomes more applicable to assessing and managing third-party risk. … Notably, the process is more efficient for financial institutions and vendors alike, time to market is faster for firms making risk-based decisions, and firms can have much more confidence that their assessment and monitoring procedures produce actionable insight. … All of these combine to improve the overall risk posture of the industry. … It will be a journey, but the faster we start, the better off we will be.”

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Author: Chandler

https://www.linkedin.com/in/chandlerparis/