Automated sanctions and watchlist monitoring enables real-time detection of high-risk third parties and executives, helping organizations stay compliant and safeguard their reputation.
Learn how automating the process of tiering third parties and triggering enhanced due diligence can streamline your third party risk program and reduce manual effort.
Proactive regulatory compliance isn’t about predicting the future but building the muscle to adapt. When your program is designed to flex, monitor, and evolve, you’re not just reacting to audits or enforcement actions. You’re leading with confidence, clarity, and control.
In the past few years, TPRM has evolved beyond just managing direct relationships with your third parties; it now also includes identifying, assessing, and mitigating risks related to fourth-party or Nth-party relationships—essentially, the vendors of your vendors and beyond.
While third-party assessments remain a cornerstone of TPRM, it is essential to recognize and implement broader access controls that contribute to a more comprehensive risk management strategy.