Third Party Risk Management - Consultancy, Assessment & Advisory

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The Risk Officer’s Precise Guide to Accelerating Full-Stack Continuous Third-Party Risk Management

Date Uploaded: July 30th, 2021

Faced with increasing disruption risks from more sources and in more locations, CROs are actively and urgently exploring new strategies, approaches, and technologies to mitigate third-party risk and ensure continuity and resiliency.

This brief addresses this pressure on risk management executives to drive change, specifically:

• Problem – Legacy based TPRM practices are unable to effectively mitigate today’s risks of disruption
• Cause – Current risk practices and models are periodic, point-in-time, outdated and ineffective
• Solution – Data science, continuous intelligence, automation and new thinking set the new standard
in risk management