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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-12-11T15:30:00
Companies have shown a willingness—excitement, even—to invest in technology to enhance their third-party risk management (TPRM) efforts. But that doesn’t mean new opportunities don’t remain.
A survey conducted by Big Four firm KPMG last year found less than half (46 percent) of all TPRM tasks were being automated. The research represented the views of 1,263 senior TPRM professionals across 16 countries worldwide. Respondents projected the number of TPRM tasks supported by automation would rise to 58 percent within three years.
Against this backdrop, two managing directors at KPMG—Joy St. John and Eric Parker—discussed TPRM programs and technology modernization during a webcast sponsored by software vendor ServiceNow and moderated by Compliance Week in September. St. John and Parker shared how firms are making strides in building robust TPRM programs for the future, while Brian Federle of ServiceNow discussed how the company’s solution helps drive process standardization and key management insights.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-11-15T20:20:00Z By Adrianne Appel
Taking risk mitigation further and understanding your third parties and their risks can create value for your organization, practitioners discussed as part of a panel at CW’s virtual TPRM and Oversight Summit.
2023-11-09T16:00:00Z By Aly McDevitt
A panel of experts broke down the nuts and bolts of integrating a risk-ranking strategy and tailored approach to third-party due diligence at CW’s virtual TPRM and Oversight Summit.
2023-07-05T17:10:00Z By Kyle Brasseur
The impact of new technologies like generative artificial intelligence on the third-party risk management landscape was among the points of discussion addressed at Compliance Week’s TPRM Summit in Atlanta.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
2024-06-20T15:40:00Z By Aaron Nicodemus
Compliance departments at financial institutions must become more involved in ensuring their firm’s operational resiliency to address emerging risks, the Treasury Department’s Office of the Comptroller of the Currency said in its semi-annual risk perspective.
2024-06-07T22:34:00Z By Adrianne Appel
Compliance has been “sleeping on” artificial intelligence, two panelists discussed at Compliance Week’s Women in Compliance Summit. The profession should be positioned to lead on AI governance at the business level.
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