Unit 19: Vendor Management: What the Board Needs to Know

March 16th, 2017
A typical bank works with scores of vendors, but working with the wrong vendor can put the bank at risk. A data breach through, or corporate misbehavior by, a vendor can result in fines and damage the bank’s reputation. As banks seek efficiency, they can cut costs by restructuring vendor contracts. This video outlines regulatory expectations for vendor management, provides insight about how your bank can strengthen its vendor management process a...

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Dana Bowers is CEO, founder and board member with Venminder. She has been an entrepreneur and leader in the financial industry for more than 30 years.