The pressure on financial institutions to manage third-party risk is mounting — and the stakes have never been higher. As one of the most highly regulated industries in the world, the financial sector faces intense scrutiny from regulatory bodies across the globe — with potentially budget-breaking consequences for non-compliance. In 2024, financial institutions faced an […]
Third-party relationships are a double-edged sword: opportunity and business functionality on one side, but an abundance of risk on the other. In the financial sector where the average cost of a data breach has reached $6.08 million — and reputational fallout is even harder to recover from — third-party risk management (TPRM) has never been […]
Developing a data protection strategy is essential to ensure data confidentiality, integrity, and availability for your business and your third parties. The Global Risk Exchange is the world’s largest library of automated, attested, and validated third-party risk data, with an advanced analytical methodology that provides complete coverage on your entire vendor portfolio. With a standardized, […]
Last week, ProcessUnity hosted UNITE 2025 San Diego, our trailblazing customer summit. This edition of the event was one for the record books: UNITE 2025 was the most attended summit in ProcessUnity history. From May 6th to 8th, we brought together the largest-ever community of ProcessUnity customers, partners, and third-party professionals at the Mission Bay […]
ProcessUnity is excited to introduce Evidence Evaluator, a new Generative AI feature designed to dramatically speed up your third-party risk assessments. Evidence Evaluator leverages ProcessUnity’s proprietary GenAI model to instantly scan a third party’s evidence, such as SOC 2 reports, ISO certifications, or completed due diligence questionnaires, and generate assessment responses in seconds. Each AI-generated […]
The work never ends. Every year, we onboard more third parties. And every year, our assessment workload gets worse. You’re not alone. It’s time to flip the script and cut back on assessment questionnaires. TPRM doesn’t have to be the most painful process in your company.