5 suggestions to help your FI with effective vendor compliance
Managing third-party vendor compliance can be a daunting task for a financial institution (FI). Without the right resources or plan to help your FI manage the “ins and outs,” it can become even more so.
Here are five important lessons we’ve learned that your FI can leverage to tackle third-party vendor risk management.
The right digital banking partner can help
Don’t have the time or resources in place to properly vet all the vendors needed to provide your account holders with the digital banking experience they demand? Choose a partner with rigorous risk management practices.
Q2’s dedicated risk management team focuses on having the most up-to-date vendor information. Not only does Q2 maintain vendor information, we stay on top of the latest regulations and news related to risk management. Q2 also provides real-time access to important Q2 due-diligence information via our client portal to assist our customers. This dedication to “clear” guidance and best practices is unique and has proven to be one of the reasons why FIs trust Q2 to be their partner. In an upcoming blog, we’ll offer in-depth information about our 24×7 regulatory information access.
Subscribe to the Q2 Blog today. You’ll receive the next blog in our series on regulatory compliance, as well as upcoming posts from our thought leaders on trends in digital banking. Plus, you’ll receive tips and best practices to help your FI compete and grow. To read the first compliance blog, click here.