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Establishing a Single Source of Truth for Third Party Risk in Financial Services

By April 1, 2024October 18th, 2024No Comments

In financial services, effective third party risk management is not just a recommended practice. It is a core operational competency that, in some cases, may also be enforced through regulatory oversight.

At the same time, risk cannot – and should not – be avoided altogether. Instead, it is the firms that establish streamlined business practices and support them with well-integrated digital platforms that create an opportunity to drive successful outcomes for themselves and their clients.

In this webinar, Vivek Jayaraj from Deloitte and Arnaud Malardé from Ivalua answered live questions and share current use cases for emerging technologies such as AI in pursuit of a single source of truth about third party risk.

Vivek and Arnaud engaged in an open conversation about:

– What a ‘single source of truth’ for third party risk looks like in financial services companies
– How to achieve integration and alignment between supplier management processes and technologies
– Proven use cases for embedding generative AI in third party risk management platforms

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