It has been observed that the banking industry is increasingly relying on third-party vendors for various services, from IT solutions to customer service operations in today's unified world. However, with this dependence comes a heightened risk. Third-party risk management (TPRM) has become a focal point for banks aiming to safeguard their operations, reputation, and customer trust.
The Synopsis of Third-Party Risk Management Future
Third-party risk management has been around for some time, but i