5 Critical Regulations Reshaping TPRM in Financial Services
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 […]
Closing the Gaps: 8 Third-Party Risk Challenges Impacting Financial Institutions in 2025
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 […]
How Third-Party Vendor Risk Disrupts Business Continuity, and What to Do About It
Your third-party vendors are delivering on time, business operations are efficient and planned, and customers are satisfied. Then, without warning, a third-party disruption brings everything to a halt. Everything’s Running Smoothly — Until It’s Not What started as a potentially minor issue, one only involving your third party, can quickly spiral into a full-scale crisis […]
Third-Party Risk Management in Financial Services: The Top 8 Challenges and How to Overcome Them
Strengthen Your TPRM Program with Proven Strategies That Drive Risk Visibility and Control Financial institutions face mounting pressure to manage risk across an ever-growing web of third-party relationships, all while navigating heightened regulatory scrutiny, expanding cyber threats, and limited internal resources. This has led to a widening vulnerability gap, where the ability to monitor and […]
5 Essential Steps to Modernize Your Approach to Vendor Assessments
Third-party relationships have become a critical vulnerability point – with 54% of security breaches occurring via third-party relationships, according to VentureBeat. To mitigate these risks, it is vital to modernize your vendor assessment process and protect your organization from evolving third-party risks. This infographic outlines five fundamental steps to building a modern third-party risk management […]
ProcessUnity Unveils 2025 Third-Party Risk Management Platform Innovation Plans
ProcessUnity Unveils 2025 Third-Party Risk Management Platform Innovation Plans On the heels of a momentous 2024, the company details goals to bring to market strong AI- and data-first Third-Party Risk Management (TPRM) solutions BOSTON – December 19, 2024 – ProcessUnity, The Third-Party Risk Management (TPRM) Company, achieved continued market momentum in 2024, highlighted by customer […]