VENDOR iQ

🚨 𝗝.𝗣. 𝗠𝗼𝗿𝗴𝗮𝗻 𝗖𝗵𝗮𝘀𝗲 𝗙𝗮𝗰𝗲𝘀 𝗟𝗮𝘄𝘀𝘂𝗶𝘁 𝗢𝘃𝗲𝗿 𝗗𝗮𝘁𝗮 𝗕𝗿𝗲𝗮𝗰𝗵 🚨 An employee of a J.P. Morgan client has initiated a class-action lawsuit, highlighting the risks associated with third-party data breaches. This incident exposed the personal information of roughly 451,000 individuals. As financial professionals, we must consider the immense risks and potential repercussions that come with third-party breaches. It’s a stark reminder of the importance of robust vendor surveillance and comprehensive risk management strategies. 🔗 Full article on the lawsuit against J.P. Morgan Chase: https://lnkd.in/eH3H2vH5 Learn more about our innovative approach to surveillance and how we can help secure your operations against similar threats: https://lnkd.in/eDV5NkPf

🌟 𝗡𝗲𝘄 𝗜𝗻𝘀𝗶𝗴𝗵𝘁: 𝗠𝗮𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗗𝗮𝘁𝗮 𝗶𝗻 𝗕𝗼𝗮𝗿𝗱 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻-𝗠𝗮𝗸𝗶𝗻𝗴 🌟 Ever felt like data is more of a flood than a tool in decision-making? You’re not alone. Our latest piece tackles how boards can sift through the noise to find insights that truly drive strategy. Learn strategies for transforming data from a cumbersome challenge into a strategic asset, enhancing governance and proactive leadership. 🔗 𝗗𝗶𝘃𝗲 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗵𝗲𝗿𝗲: https://lnkd.in/ef99KK_P #CorporateGovernance #DataStrategy #BoardOfDirectors #VENDORiQ

⚠️ 33% of Financial Services Companies Fail in Under 60 Months https://lnkd.in/gcUv5VF8 Plans are fine until reality strikes—when a supplier or key client fails, it can lead to stress, locked assets, and significant risks to your own business operation. Our clients are already one step ahead with our sharp insights into financial trends, regulatory risks, cyber vulnerability and many other crucial metrics. If real-time monitoring of your connected parties seems daunting and you’d like: ✅ Proactive tools to pre-empt failures and reduce risks. ✅ Evidence of your compliance for regulators. ✅ Assurance that you're always one step ahead in operational resilience. In minutes VENDOR iQ can keep your business secure and informed. Get in touch here:https://lnkd.in/gkh-fcwu #OperationalResilience #FinancialHealth #CyberVulnerabilities #RegulatoryRisk

🚨 𝗠𝘂𝘀𝘁-𝗥𝗲𝗮𝗱 𝗳𝗼𝗿 𝗔𝗖𝗗, 𝗧𝗿𝘂𝘀𝘁𝗲𝗲 𝗮𝗻𝗱 𝗗𝗲𝗽𝗼𝘀𝗶𝘁𝗮𝗿𝘆 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀! As we all know the collapse of Woodford – costing hundreds of millions, a market’s reputation, and the demise of many businesses – highlights the dire consequences of insufficient monitoring. For fund service providers, adopting VENDOR iQ's real-time tech solutions is now essential. With over 15 billion data points today distilled into actionable insights, leverage our platform for proactive, precise oversight of your delegates and wider supply chain today to : 🛡️⏱️ Protect your investors and maintain your credibility with real time oversight. 🗣️👍 Be ready to confidently address inquiries from investors or regulators. 🚫⌚ Ensure such disasters don't recur on your watch. See this in action in less than 15 minutes! 🚀 Contact us here: https://lnkd.in/e-E-ABAU to get started and experience the power of proactive oversight with VENDOR iQ. Don’t wait—take control today! #RiskManagement #Governance #ACD #Depositary

🔒𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗦𝘆𝘀𝘁𝗲𝗺𝗶𝗰 𝗖𝘆𝗯𝗲𝗿 𝗧𝗵𝗿𝗲𝗮𝘁𝘀 𝗶𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗲: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗜𝗠𝗙 𝗥𝗲𝗽𝗼𝗿𝘁. The April 2024 Global Financial Stability Report by the IMF highlights a critical reality: as financial institutions increasingly rely on digital technology, they become more vulnerable to cyber threats. This dependency on shared IT providers can lead to systemic risks, underscoring the need for robust cybersecurity measures. Discover more about how these developments impact financial stability in our latest article: ➡ https://lnkd.in/e32XBmje #Cybersecurity #FinancialServices #RiskManagement #DigitalTransformation #FinancialStability #ThirdPartyRiskManagement

A heartfelt thank you to BNY Mellon for hosting and to all who participated in the 'Data Driven Intelligence' event yesterday. A special shoutout to our insightful panel of speakers—your contributions were invaluable. Yesterday's discussions delved deep into critical topics that are shaping the future of Financial Services. Key topics included the role of data and technology in enhancing processes, the consequences of underinvestment in technology within third-party #selection and #oversight, and the crucial importance of robust data model design and line of sight analysis. Additionally, we delved into companies' readiness for regulatory frameworks like #DORA and #UKOperationalResilience, underscoring the need for preparedness in these areas. These discussions are crucial as they help us understand and tackle the challenges facing our industry. Stay tuned for detailed takeaways from these topics and look out for future events where we continue these important conversations. #DataDrivenIntelligence #SupplyChainRisk Kevin Mitchell, Barry Halpin, Kevin Sloane, Kenn Taylor, Melanie Humphries, George Houghton, Wayne Green, Robert Kelly, Antony Bream

🗣 Big Announcement! We’re beyond excited to share that Horizon Seven Consulting Ltd, the guru's of agile procurement, have chosen VENDOR iQ as their supplier intelligence and data platform partner! At VENDOR iQ, we’ve been dedicated to pushing the boundaries in distribution and supply chain intelligence globally. Horizon 7, known for their innovative approach across industry, is revolutionising #procurement processes. Expect a synergy of specialist procurement knowledge and our advanced data analytics to bring about unparalleled procurement outcomes. We’re gearing up for an era of smarter, faster, and more efficient procurement, tailor-made for the evolving needs of our clients and the markets. If any of our network wish to connect directly to the Horizon 7 team please click here : https://lnkd.in/eP-3TeFH #Horizon7 #VendorIQ #technologyprocurement #innovation #partnership #agile #sourcing

Thrilled to see Gieom launch DORA 360! At VENDOR iQ, we're proud to partner on this journey, combining our strengths to streamline DORA compliance for financial entities, particularly enabling them to comply with pillar four 'Third Party Risk Management'. This leap forward exemplifies our shared vision for enhancing operational resilience. Kudos to John Santhosh and the the Gieom team! #dora #digitalresilience #operationalresilience #operationalrisk

Less than two weeks to go until the next VENDOR iQ breakfast event hosted by and in collaboration with BNY Mellon. With #thirdpartysupplychainmanagement in sharp focus for UK Operational Resilience and Oversight of Critical Third Parties and the EU Digital Operational Resilience Act (DORA) , this is a must attend event for all professionals across the #financialservicesindustry involved in the #governance, #monitoring and #oversight of #supplychains to attend. Please register now as places are limited! PIMFA - Personal Investment Management & Financial Advice Association The Association of Governance, Risk & Compliance

✂ Cutting through the KYD paper trail ✂ The publication of the FCA’s latest Business Plan underlines the continuing regulatory focus on ‘minimising the impact of operational disruption’ and ‘reducing harm from firms failure’. With long, complex distribution chains still prevalent in the UK market how do investment managers manage and monitor their distribution relationships? When reviewing MiFID Product Governance application in 2021 FCA noted that the quality of Due Diligence done by Providers (Asset Managers, Portfolio Managers) varied widely and some providers thought the process added little value. Are there better solutions to the paper trail that make up the current questionnaire based DD processes? Can applying AI across open data bases help Providers understand if distributors have, for example: ·      Appropriate authorisation and permissions for their business ·      Director conflicts of interest through shareholdings ·      Sufficient capital resources for ongoing activities, ·      Open data breaches or cyber incidents, ·      A concerning track record of client complaints to FOS With new services coming to market, firms stand to benefit not only from enhanced resilience against supply chain disruptions but also from significantly reduced costs associated with chasing that paper. VENDOR iQ leads this transformation, offering services that enhance operational resilience and substantially lower the costs associated with traditional paper trail "chases". #KYD #operationalresilience #criticalthirdpartyproviders #VendorIQ Kenn Taylor