Summary

Banks rely on financial and physical supply chains, information systems, partners, and new ventures to ensure efficiency, process transactions, provide products and services, and manage risk. On the operational side, suppliers and vendors are vital to a healthy enterprise, as are data analytics, compliance, procurement and legal oversight. Finding trustworthy partners is certainly key to building and maintaining competitive advantage but without the proper controls, unintended exposure of private or regulated data is more likely than not and those partners are at risk of being lost.

‍