A vendor management program that is grounded in the contractual agreement negotiated between an outsourcing provider and buyer is undoubtedly an enabler of a successful outsourcing solution. The ...

As the entire industry is facing the shift to a more formalized reporting system for environmental, social, and governance (ESG) programs, the most important components of the programs can no longer ...

A robust vendor management program isn’t just required by compliance frameworks like SOC 2 and ISO 27001. It’s also a critical part of a holistic trust management strategy. Implementing a vendor ...

Fiserv’s Craig Carrow has a list of five keys to successful remarketing, four of which deal with topics like lower turn time, increased returns, lower operational costs and streamlined operational ...

Law firms providing mortgage servicer clients default-related legal services are vendors, and financial services companies need to treat them as such. Not only that, law firms often interact directly ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. ITM VRM 3.6 was developed through extensive work with some of the world's ...

There are signs that inflation is starting to rise in the U.S. economy. With the Covid-19 pandemic starting to fade, the demand for goods and services is rising quickly. There is also the issue of ...

Many articles and conference presentations focus on how to choose IT vendors, what to include in contracts and the need for oversight of these vendors after the contract is signed. Because of the ...

The moment your company starts using more than one vendor, you begin to make a realization: Managing them, their needs, and your relationships takes serious coordination. At first, you may try using ...

As of March 1, 2019, the New York State Department of Financial Services' (NYDFS) cybersecurity regulation, 23 NYCRR Part 500, requires financial services institutions regulated by NYDFS to implement ...

Risk scoring. On-site visits. Regular monitoring. The work that goes into managing relationships with suppliers is about to increase significantly, as regulators start forcing banks to keep closer ...