Vendor & Third-Party Risk Management

Vendor and third-party risk management (TPRM) is the structured process of assessing, onboarding, monitoring, and offboarding the external service providers your organization relies on, from payment processors and cloud platforms to data vendors and compliance tools.

As regulatory scrutiny of third-party relationships intensifies, examiners expect banks, fintechs, and crypto companies to treat vendor risk with the same rigor applied to internal operations.

A strong TPRM program documents how you evaluate vendors before engagement, monitors their performance and compliance posture on an ongoing basis, and maintains clear escalation paths when third-party risks change or controls fail.