Third-party risks in the financial sector are a breed unto themselves. Or, more precisely, they are two related breeds: third-party risks from customers, and third-party risks from vendors.

At a conceptual level, those risks exist in nonfinancial sectors, too: anti-bribery, data security, fraud. Businesses in any type of industry do worry about them. But in no other sector are third-party risks as heightened as what we see in the financial sector. Hence the pressure to implement sufficient oversight of third parties is immense.

So, what are the risks that customers and vendors pose to the financial services industry? And how can due diligence and monitoring act as a foundation for mitigating said risks?

Download “Identifying Third-Party Risks in the Financial Sector” to learn more.