Bank Vendor Management Evaluation
CSI's High Risk Vendor Evaluation service helps you gain a better view of your vendors’ internal IT processes, by providing a clearer picture of the controls they have in place and any elements that may require attention—all to help prevent jeopardizing your reputation.
Proper third-party vendor management for banks is key to maintaining your customers’ confidentiality and your own. Your vendors are directly linked to your organization, so their mistakes are a reflection on you. It’s your responsibility to ensure they’re held to the highest security standards.
Our Vendor Management Software for Banks
Many institutions rely on third-party relationships as a strategic way to expand bandwidth and broaden services. But when you add vendors, you add risk.
CSI Regulatory Compliance compliance experts conduct a thorough vendor due diligence review in a multi-step process that:
- Evaluates the vendor's SSAE16/SOC documentation and/or other relevant control evaluation information
- Assists with identifying the risk level for each vendor
- Prepares a report of findings for you
Keep your institution safe and make sure your vendors are compliant with regulations using CSI's vendor evaluation software for banks and other financial institutions. Contact us now to find out how our bank vendor management software can protect your company from being blamed for others’ catastrophes.