Helping Banks Reduce Risk and Simplify Third Party Compliance

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We provide regulatory and operational compliance assessment and reporting tools that empower banks to take a proactive and collaborative approach to vendor risk management across multiple departments.

Our platform helps banks remain ahead of the regulatory curve to give the compliance, procurement, and vendor management teams peace of mind throughout the entire vendor contract life cycle.

We reduce risk by

  • Removing your compliance blind spots
  • Ensuring you send the right assessments to each vendor
  • Providing you updated assessments as regulations change
  • Allowing you to quickly identify compliance gaps for each vendor
  • Creating an auditable record of all vendor responses
  • Including monitoring tools for risk remediation and ongoing compliance
bank

We simplify the compliance process by

  • Creating, maintaining, and updating vendor assessments for each regulatory topic
  • Providing you an easy-to-use interface that all bank departments can use comfortably
  • Including vendor comparison functionality to quickly differentiate vendors
  • Integrating collaboration tools for more efficient communication with vendors
  • Facilitating interdepartmental collaboration and transparency

We help you grow by

  • Closing vendor deals faster without sacrificing compliance
  • Protecting your bottom line from unnecessary vendor risk
  • Streamlining operations and enhancing productivity
  • Delivering consolidated vendor response reporting for faster decision-making

All Departments Benefit from InFront!

Banks

Compliance Teams

  • Quickly compare prospective vendors’ compliance assessment results during sourcing for quicker decision-making.
  • Identify your prospective vendor’s compliance gaps quickly to accelerate remediation and close contracts sooner.
  • Monitor your vendor’s remediation progress to ensure compliance with the contract terms.
  • Facilitate seamless interdepartmental communication and transparency during handoff to the relevant stakeholders.
Banks

Procurement and Sourcing

  • Quickly compare prospective vendors’ compliance assessment results during sourcing for quicker decision-making.
  • Identify your prospective vendor’s compliance gaps quickly to accelerate remediation and close contracts sooner.
  • Monitor your vendor’s remediation progress to ensure compliance with the contract terms.
  • Facilitate interdepartmental communication and transparency during handoff to the relevant stakeholders.
Banks

Vendor Management

  • Fewer personnel hours required to distribute and track compliance assessments and receive/evaluate results.
  • Reduce uncertainty in compliance tasks associated with procurement as assessments generate dynamic response sets based on business cases.
  • Confidence that team is always using the most updated assessments and that no monitoring is slipping through the cracks.
  • Reduce contract management risk.
Banks

Legal

  • Greater transparency into the vendor’s compliance position as contract negotiation occurs, allowing for better tailoring of contract language.
  • Assurance that your team is always using the most updated assessments and no monitoring is slipping through the cracks.
  • Reduced redundancy in compliance representations and warranties through appended reports to the contract.
  • Increased comfort that you have audit trails in case of compliance-related litigation or regulatory review with InFront’s reporting and audit trail tools.
Banks

InfoSec

  • Confidence that team is always using the most up-to-date assessments and monitoring is not slipping through the cracks.
  • Internal team can use assessments to audit vendors for security and other compliance independently, and compare results to identify best practices with security requirements.
  • Reports help provide a defensible position in the case of a suit or claim regarding a client’s data security practices and third-party risk management program.
Banks

IT

  • Quickly review compliance elements of the proposed vendor contracts to determine how third-party technology needs to be integrated.
  • Reduce time needed for IT staff to evaluate levels of data sharing.
  • Greater cross-function collaboration with InFront’s enhanced delegation tools reduces the burden on IT team to respond to all assessment questions.
  • Review and respond to assessment questions faster to allow the IT team to focus on building and maintaining technology.

Current Assessment Library

Banking Bundle

Common Assessments