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Automate and Accelerate Insurer Compliance with Integrated Technology

With Lee Bristow, Chief Technology Officer for Phinity Risk Solutions There are significant oversight obligations placed on insurers to have the necessary resources and ability to comply. Phinity Risk Solutions has provided support to a major player in the insurance industry, as they embark on the initiative to obtain compliance maturity and ongoing visibility of…

Third Party Risk Management Software for the Financial Sector

Regulators the world over are now holding financial institutions responsible for the actions of their third parties — thanks largely to the 2008 financial crisis and several high-profile attacks that leveraged third parties’ information security weaknesses. As a result, the financial services sector now requires strong third party risk management. The governance, compliance and regulatory…

Third Party Risk Management Silver Lining is Industry Self-Regulation

In today’s business environment it’s impossible to find a company that doesn’t contract with a third-party vendor to provide services. However, the convenience, flexibility and opportunities of outsourcing to third parties comes with significant risks. The risks vary from industry to industry, the common threats being regulatory and the impact of a potential third-party vendor…