Report cover image

Third-Party Risk Management

Publisher IDC
Published Oct 31, 2023
Length 6 Pages
SKU # IDC18286654

Description

Third-Party Risk Management


This IDC Perspective discusses third-party risk management. The challenges with respect to the range of regulatory requirements, risk management best practices, expanding view of what defines a "third party," data security, data privacy, and technological solutions that can help banks and broker-dealers to address the needs for third-party risk management are significant. The increasing use of outsourcing by financial institutions and regulatory focus on third-party risk management continues to expand the range of services and demands for third-party service providers. Selecting the appropriate solution to address the third-party risk management needs of each unique financial institution will be an important decision that will require thought and analysis."The increasing amount of outsourcing by financial institutions, combined with heightened regulatory focus on third-party risk management, will continue to make the third-party risk management solutions marketplace evolve to address these competing priorities," says Sean O'Malley, research director, IDC Financial Insights' Worldwide Compliance, Fraud, and Risk Analytics Strategies.

Please Note: Extended description available upon request.

Table of Contents

6 Pages
Executive Snapshot
Situation Overview
Vendor Risk Management
Functional Specialization and Outsourcing
"Everything as a Service"
Fourth-Party Risk Management
Supply Chain Management
Environmental, Social, and Governance
Reporting and Oversight
Data Privacy
Information Security
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us