In the midst of increased regulatory scrutiny and a low interest rate environment, can financial services firms continue to thrive? Or is this a death march to a utility-based model for this sector? In this session, BB&T discussed regulatory challenges and how the company worked with Hiperos to build an integrated solution across finance, procurement and risk that integrates with the core operational risk management of the bank. The presenters discussed how this partnership continues to address evolving areas of Third Party Cyber Security and Financial Technology (Fintech).

Topics covered in this session included:

• A framework and methodology for effective Third Party Risk Management
• How an integrated Finance, Risk and Procurement solution functions
• The implications of Cyber Security and Fintech on Third Party Management
• Reporting and analytics that support an Enterprise Third Party Management program

Contributors: BB&T, Hiperos
Categories: 2016 Fall - Carlsbad, Summit Presentations
SRC Type: Risk Management, Sourcing Management