Strategic Risk Associates has selected Trust Exchange to be their national partner for vendor risk management for banks. Trust Exchange's collaborative compliance platform will integrate directly into SRA's ERM Watchtower. You can read more details HERE.
This is very exciting for Trust Exchange as it provides increased visibility and utility for banks and financial institutions who are struggling to manage their Third Party Risk Management. Vendor Risk Management has been a growing challenge for banks and financial institutions of all sizes. Trust Exchange's collaborative compliance platform enables banks to more effectively monitor their third-party relationships. You can learn more about Trust Exchange for Bank here: http://www.trustexchange.com/banks/
Strategic Risk Associates is focused on helping financial firms measure and accelerate performance by aggregating and analyzing key business intelligence and optimizing informed risk taking. Team members have backgrounds as financial industry executives and regulators and decades of consulting and advisory experience supporting growth, quantifying risk, and designing best practice methods, workflows and processes for continuous improvement. For additional information about SRA or Watchtower, please visit http://www.ermwatchtower.com and http://www.srabank.com.