Vendor Risk Management for financial services

In the last three years, more than a quarter of financial institutions suffered disruption, monetary loss, or reputational damage because of a third party.

Without a proactive approach to third-party risk management, your organization could be in danger.

Simplify and strengthen compliance with framework-specific questionnaires and one-click reporting.

• Industry-standard security frameworks: Assess your vendors (as well as your own org) with UpGuard’s broad library of ready-made questionnaires. Choose a global financial service framework out of the box or edit a questionnaire for your specific needs.
• Executive reporting: Communicate compliance and risk status with instant reports tailored to assessors, executives, and other stakeholders. Select from a range of pre-built or custom templates that generate in seconds.
• AI questionnaire completion: Give your vendors the ability to complete questionnaires faster and more accurately. UpGuard’s Questionnaire AI reliably synthesizes your vendor’s previous responses and documentation into time-saving questionnaire answers.

Safeguard your financial service’s data (and reputation) from cyber attacks by proactively monitoring, identifying, and remediating third and fourth-party risks as soon as they arise.

• 24/7 risk monitoring: Constantly scan your external attack surface and supply chain for vulnerabilities. Be notified the second a threat is detected and easily triage based on the severity and likelihood of exploitation.
• Data leak detection: Discover leaked credentials before they make the headlines. UpGuard combines in-house manual analysis with surface, deep, and dark web scanning to aggressively detect your stolen credentials.
• Comprehensive security ratings: Easily communicate risk and prioritize remediation with always up-to-date security ratings. Powered by daily asset scanning and formatted for clarity, UpGuard ratings lead the industry in quality and usability.

Double vendor assessment speeds (and improve quality) by automating and streamlining your vendor risk workflows.

• End-to-end workflows: Save your team the hassle of chasing vendors and the lost time of double handling. UpGuard handles vendor requests and reminders for you and ensures all your vendor data is kept in a single, easy-to-navigate location.
• Instant security ratings: UpGuard scans and rates vendors faster (and more often) than any other solution. Scan new vendors in minutes and instantly rescan vendors after remediation work is complete.
• Automated security questionnaires: Get security questionnaires completed with 90% less manual labor. UpGuard combines industry-leading automation and a library of questionnaires to get vendor responses returned sooner and more reliably.