Beyond Your Walls: Third-Party Risk in Financial Services

Join us in this episode as host Meghan Maneval and Michael Rasmussen - GRC Analyst & Pundit at GRC 20/20 Research, LLC - discuss vendor risk management and the differences between third, fourth, and fifth-party risks. They discuss essential regulations and standards in the financial and banking sectors, highlighting how they vary by organization maturity. As well as best practices for effectively building and managing a comprehensive vendor risk management program and staying current with risk management standards. Michael touches on the role of automation and AI in enhancing vendor risk programs, as well as their limitations. And he shares his 2025 regulatory predictions and their potential impact on vendor risk strategies in the financial services.