How a U.S. Regional Bank Replaced Manual Risk Processes with Scalable Intelligence

A case study about a regional bank that needed to modernize how it monitored third-party risk.

Introduction

A U.S. regional bank needed to modernize how it monitored third-party risk. In 2024, vendor security failures across the banking industry affected millions of customers, intensifying regulatory scrutiny on third-party risk management programs. The bank's existing approach wasn't keeping pace.

Risk intelligence processes were mostly manual. The team relied on Google alerts and time-consuming research that couldn't scale to cover their critical and high-priority suppliers effectively. They needed comprehensive visibility into supplier operations and dependencies that manual processes couldn't provide.

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Commercial Banking
Consumer Banking
Risk Management

How a U.S. Regional Bank Replaced Manual Risk Processes with Scalable Intelligence

Introduction

In Depth

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