ProcessUnity Industries

ProcessUnity For Financial Services

Bolster your third-party risk and cybersecurity risk programs to better manage internal and external risk and demonstrate compliance with financial regulatory authorities.

Vendor Financial Intelligence Dashboard

In financial services, third parties are pivotal managing sensitive data, critical systems, and key processes for their customer institutions. Navigating such partnerships in this highly regulated industry introduces potential risks that span across data privacy, cybersecurity, regulatory compliance, financial considerations, and reputational impact. Hence, financial services companies need comprehensive solutions to assess, manage and mitigate third-party risks effectively and efficiently.

ProcessUnity Third-Party Risk Management and ProcessUnity Cybersecurity Risk Management help you:

  • Streamline and automate your third-party risk and cybersecurity processes,
  • Ensure third parties have controls to protect your sensitive data,
  • Comply with regulations
  • Avoid regulatory fines.

Manage Overlapping Regulations and Oversight

Assess third parties, perform due diligence, and validate controls to maintain an acceptable level of risk for your institution. Deliver consistent compliance with various regulations including:

  • OCC Guidelines
  • EBA Guidelines
  • FCPA
  • UK Bribery Act
  • GDPR
  • FED SR 13-19
  • Gramm-Leach-Bliley Act (GLBA)
  • NYDFS 23 NYCRR 500
  • PCI DSS
  • ISO Information Security Standards
  • NIST 27001

Proactively Mitigate Risk

Use our platform to score inherent risk and identify vendors with higher risk exposure. Automatically scope vendor due diligence according to their risk profile.  Employ assessment questionnaires, content feeds from data providers, internal assessments, and more, to test relevant controls, identify gaps and mitigate risks.

Protect Data and Assets 

Identify vendors with access to NPI/PII (non-public information/personally identifiable information) to safeguard against data privacy threats. Knowing which vendors handle your sensitive data lets you focus your assessments and ensure compliance with HIPAA, HITECH and other regulations.

Reduce Cybersecurity Risk 

Analyze extensive third-party data to spot potential vulnerabilities and threats to your infrastructure from your partners. ProcessUnity streamlines analysis, ensuring no potential cyber risks from partners are overlooked. 

Drive Consistency and Accountability with an Automated Workflows 

Evaluate third parties using tailored questions mapped to regulations, standards, and enterprise controls. Customize questionnaires based on each vendor’s service type and inherent risk profile for high-quality responses. Document issues from due diligence, continuous monitoring, and KPI tracking, then connect them to controls to develop and track effective mitigation actions. 

Increase Visibility into Risk and Performance for Key Business Stakeholders 

Utilize our platform to get access to real-time reporting and configurable dashboards. Gain an immediate understanding of your third-party risk posture, key performance metrics, and status of any request.  

Request a demo below to learn more about ProcessUnity for Financial Services.

Schedule your personalized demo of our award-winning software and start your journey to a more mature, automated program.

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ProcessUnity Third-Party Risk Management