With the fast-moving demand in the financial industry, offering new services, touchpoints, and technology is a must if you want to remain competitive. Most financial institutions turn to outsourcing. It allows you to meet demands much faster, often at a lower price with proven technology and expertise. This course focuses on building your awareness of identifying risks associated with outsourcing. It provides information on the Interagency Guidance (Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency) on vendor risk management, and gives you practical approaches to assess risk, select vendors, and monitor ongoing activities.
