Simplified third-party risk management for financial services
Checking the financial stability of your third parties is important to avoid financial losses and protect your reputation. 3rdRisk’s third-party risk management platform helps financial services companies improve resilience and make informed decisions.
Protect your reputation and make informed decisions
Identify vendor and supplier risks, set up processes to help make informed decisions, improve your reputation, prevent fines and comply with regulations with our third-party risk management platform.
Identify third-party risks to take action
Data breaches, operational failures, or regulatory violations represent enormous risks. We help you identify and assess these risks by continuously monitoring your vendors and suppliers.
Simplify processes for informed decisions
Managing third-party relationships is complex and time-consuming. 3rdRisk helps create better processes by centralised data, automated workflows, and analytics to monitor it all.
Improve your reputation and trust with stakeholders
Show your stakeholders you prioritise protection against risks associated with third-party vendors. Lower supplier risks effectively and improve your financial services reputation today.
Prevent fines and comply with regulations
DORA, NIS-2, CSRD: compliance management processes become stricter and harder every day. 3rdRisk makes sure you follow these rules automatically.
These organisations are in control of their third-party risks
Reduce potential risks associated with your external vendors and suppliers, like data breaches, operational failures, regulatory non-compliance, and reputational damage by using our third-party risk management platform.
One overview for all your compliance needs
Get full insight into all internal and external compliance requirements. This is crucial for financial services needing to manage third-party risks. 3rdRisk gives you simplified compliance management, so you can take action, minimise vendor risks and meet regulations like NIS-2 and DORA.
Centralised and connected third-party risk data
3rdRisk gives you one overview for all your third parties. So no more switching between tools. Add contracts for each vendor and assign risk levels to categories like cybersecurity, sustainability, and compliance. Link with your procurement system to get and improve supplier data.
Simplified and automated vendor risk assessments
Stop wasting time on third-party risk assessments. 3rdRisk makes the process easier by centralising information, automating workflows, and providing analytics, giving you more time to make informed decisions.
3rdRisk is trusted by financial services companies like yours
Read what others say about our third-party risk management platform.
FAQs and answers
We've compiled a list of frequently asked questions and answers for you. Didn't find your question? Contact us, and we'll be happy to answer.
Do you have best practice templates for financial service organisations?
Yes, 3rdRisk offers a comprehensive suite of best-practice templates, frameworks, and questionnaires tailored specifically for financial organisations. This makes managing compliance to DORA, NIS-2 and other regulations easy and fast.
Do you have a solution for DORA?
Absolutely. We offer a tailored DORA package designed for organisations that need to comply with DORA. This package includes access to our platform and all features necessary to comply with DORA.
Third-party risk management
Our platform assists in managing ICT third-party risks, ensuring robust contracts, continuous monitoring, and comprehensive incident reporting, all of which are key components of DORA compliance.
Register of Information
We have it covered. You can register contracts and document all the relevant data points. With just one click, our platform generates the compliance report required to demonstrate adherence to this specific DORA requirement.
Compliance reporting
Our platform comes with a compliance and control module, allowing you to register and test all controls that you need to have in place for DORA. It offers a detailed and actual overview of your compliance status which can be used for management reporting.
Is 3rdRisk also suited for smaller financial organisations?
Yes, 3rdRisk is designed to be scalable and adaptable, making it suitable for financial organisations of all sizes, including crypto platforms, brokers, and venture capitalists. Our platform offers flexible solutions that can be tailored to meet the unique risk management needs of smaller financial entities.
Do you also offer managed third-party risk management services?
While 3rdRisk primarily provides a user-friendly platform for organisations to manage their own third-party risks, we collaborate with trusted partners who offer managed services. This partnership approach ensures that you receive comprehensive support tailored to your specific requirements.
Is the 3rdRisk platform secure?
Security is a cornerstone of the 3rdRisk platform. We employ robust security measures to protect your data and ensure compliance with industry standards, safeguarding your organisation's information. This is also recognised in our SOC-2 type 2 assurance report.
Is 3rdRisk suitable for managing NIS-2?
Yes, 3rdRisk is well-equipped to assist organisations in complying with the Network and Information Security Directive 2 (NIS2). Our platform offers features that align with NIS2 requirements, including comprehensive risk assessments, continuous monitoring, and effective incident reporting, ensuring your organisation meets the directive's standards.
