$5.9 million
the average cost of a financial industry data breach
Gain a 360-degree view of third-party risk by using our SaaS software to centralize, track, automate, assess and report on your vendors.
Venminder's team of experts can review vendor controls and provide the following risk assessments.
Let us handle the manual labor of third-party risk management by collaborating with our experts to reduce the workload and mature your program.
Overview
Document Collection
Policy/Program Template/Consulting
Virtual Vendor Management Office
Vendor Site Audit
Let us handle the manual labor of third-party risk management by collaborating with our experts.
Learn more on how customers are using Venminder to transform their third-party risk management programs.
Venminder is used by organizations of all sizes in all industries to mitigate vendor risk and streamline processes
We focus on the needs of our customers by working closely and creating a collaborative partnership
Trends, best practices and insights to keep you current in your knowledge of third-party risk.
Earn CPE credit and stay current on the latest best practices and trends in third-party risk management.
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Download samples of Venminder's vendor risk assessments and see how we can help reduce the workload.
Banks have very prescriptive third-party risk management regulations to follow with the Interagency Guidance on Third-Party Relationships. Failure to comply can result in enforcement actions and steep regulatory fines. It’s important to have good contract management, due diligence, risk assessment, and other third-party risk management processes in place.
Banks are also frequent targets of third-party data breaches because of the large amounts of sensitive data they hold. Juggling this may seem overwhelming, but with the right tools, it doesn’t have to be!
the average cost of a financial industry data breach
in fines due to risk management deficiencies
the average cost of a banking regulatory fine
Venminder helps more than 400 banks manage third-party risks. Our platform supports regulatory compliance by offering one place to manage vendors through the entire lifecycle. From managing contracts, performing due diligence, and monitoring third parties, Venminder is there with every step.
A secure, purpose-built customizable software platform that centralizes "all things vendor" and allows your teams to effectively collaborate with business associates for program efficiency.
Learn MoreStreamline due diligence and free up internal resources with Venminder's Control Assessments. Order new or search the Venminder Exchange for pre-completed assessments.
Learn MoreQualified and certified third-party risk experts are available for questions or to assist in guiding your program to success. Includes CISSPs, CPAs, financial risk analysts, paralegals, and more.
Learn MoreUse templated risk assessments provided by Venminder's experts and customize to your banking organization's needs or create your own standardized risk assessments within Venminder's platform.
Learn MoreVenminder's centralized platform allows you to easily pull reports on vendors in an easy-to-read, customizable format. Provide reporting to the board and senior management without any headaches!
Learn MoreMonitor and resolve issues with vendor dashboards and automated alerts and emails.
Learn MoreWe know how important it is to be able to integrate with other platforms to gain a holistic view of your vendors' risk. These integrations will strengthen your third-party risk management program, while offering the convenience of one central platform.
Learn MoreAs regulatory expectations continue to evolve, Venminder's platform will help you maintain compliance. This follows the third-party lifecycle, risk-based due diligence, and contract management.
Frost Bank was able to grow and scale their third-party risk management program with Venminder's software. They're now able to track due diligence documentation and set important document reminders. Read how Venminder improved the bank's third-party risk management.
Schedule a personalized solution demonstration to see how Venminder can improve your processes.