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Opus launches third-party compliance solution for banks

GRC Announcements | December 9, 2016

Compliance solutions provider, Opus, recently announced the introduction of the Hiperos 3PM Banking Accelerator, a unique, pre-configured solution for third-party risk management.

The 3PM Banking Accelerator is designed to dramatically increase the speed, ease, and accuracy of risk assessing third-party relationships and has been designed specifically for financial institutions.

Global regulators expect banks to practice effective risk management, regardless of whether the institution performs an activity internally or relies on a third party. The Banking Accelerator provides nine pre-contract assessments, 10 post-contract assessments, and four additional due-diligence questionnaires to effectively manage the risks associated with each third party. A consistent framework highlights and evaluates risks, suggests controls, and facilitates efficient due diligence.

The...

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