Software

Gain a 360-degree view of third-party risk by using our SaaS software to centralize, track, automate, assess and report on your vendors. 

Managed Services

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

Ongoing Monitoring

Let us handle the manual labor of third-party risk management by collaborating with our experts.

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Venminder Exchange

As Venminder completes assessments for clients on new vendors, they are then made available inside the Venminder Exchange for you to preview scores and purchase as you need.

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Use Cases

Learn more on how customers are using Venminder to transform their third-party risk management programs. 

Industries

Venminder is used by organizations of all sizes in all industries to mitigate vendor risk and streamline processes

Why Venminder

We focus on the needs of our customers by working closely and creating a collaborative partnership

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Sample Vendor Risk Assessments

Venminder experts complete 30,000 vendor risk assessments annually. Download samples to see how outsourcing to Venminder can reduce your workload.

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Resources

Trends, best practices and insights to keep you current in your knowledge of third-party risk.

Webinars

Earn CPE credit and stay current on the latest best practices and trends in third-party risk management.  

See Upcoming Webinars

On-Demand Webinars

 

Community

Join a free community dedicated to third-party risk professionals where you can network with your peers. 

Weekly Newsletter

Receive the popular Third Party Thursday newsletter into your inbox every Thursday with the latest and greatest updates.

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Venminder Samples

Download samples of Venminder's vendor risk assessments and see how we can help reduce the workload. 

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State of Third-Party Risk Management 2023!

Venminder's seventh annual whitepaper provides insight from a variety of surveyed individuals into how organizations manage third-party risk today.

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Industries

Banks

Venminder is trusted by 1,200+ organizations to help
manage, assess, and mitigate vendor risks.

Bank regulators have very prescriptive expectations for third-party risk management.

 

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! 

$5.9 million

the average cost of a financial industry data breach

$400 million

in fines due to risk management deficiencies

$2 million

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.  

Build Processes that Drive Consistency

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.

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Identify Risks and Reduce the Workload

Streamline due diligence and free up internal resources with Venminder's Control Assessments. Order new or search the Venminder Exchange for pre-completed assessments.

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Access Skilled Expertise to Guide Program Success

Qualified 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.

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Standardize Risk Assessments and Ratings

Use 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. 

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Provide Automated Vendor Risk Management Reporting

Venminder'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!

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Support Issue Tracking and Management

Monitor and resolve issues with vendor dashboards and automated alerts and emails. 

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Offer API Capabilities to Integrate Data

We 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. 

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Support Third-Party Risk Management Regulatory Compliance

As 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. 

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Read a Case Study

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Frost Bank

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.

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Order Vendor Risk Assessments Online

Completed assessments can be searched, previewed and ordered directly from Vendiligence™

 

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Educational Resources

Ready to Get Started?

Schedule a personalized solution demonstration to see how Venminder can improve your processes.

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