Issues of Interest
Issues of Interest is a podcast for the banking and financial services industry from Baker Newman Noyes. Our accounting and advisory professionals discuss assurance, tax, business, and technology topics and trends affecting the industry.
Issues of Interest
Third-Party Vendor Management
In this episode of Issues of Interest, Zach Porter speaks with Pat Morin about third-party vendor management for banks and financial institutions.
Pat outlines common reasons banks and financial institutions use third-parties and how to monitor those third parties and the related risks. He also discusses how to ensure third-parties provide the information needed for evaluation, and what your options are if you have concerns over the level of service or information provided by third-parties.
More information on the FDIC's recent guidance on evaluating third-parties can be found on our website.
