Venminder is an industry recognized leader of third-party risk management solutions. Dedicated to third-party risk, the company is the go-to partner for software, high-quality assessments on vendor controls, certified subject-matter expertise and education.
Venminder’s platform provides a centralized location to execute a third-party risk management program. It enables users to store documentation, onboard a vendor, track contracts, manage SLAs, send and manage questionnaires, manage due diligence and oversight, complete risk assessments, create workflows, run reporting and more.
Assessments performed by Venminder’s qualified experts, including CISSPs, CPAs, financial risk analysts, paralegals and more, are readily available in an online library. The assessments enable clients to identify possible risks and understand areas of strength on their vendors’ information security and privacy standards, SOC reports, financial viability, business continuity/disaster recovery preparedness, contractual standards, regulatory compliance and more.
ICBA’s newest Preferred Service Provider for third-party risk management software, Venminder, currently have some exciting promotional offers that we wanted to share with you:
- *NEW* Create a FREE Venminder Exchange account to streamline your bank’s vendor due diligence: The Venminder Exchange offers a library of thousands of vendor risk assessments performed by certified Venminder experts. As of October 21 2020, you can now create a free account that will allow you to easily search for your vendors and preview their scores at no cost. Whenever you need to purchase a full assessment, it’s then quick and easy to simply place an order. You can learn more about the Venminder Exchange by visiting: https://www.venminder.com/what-we-do/exchange
- All active ICBA members and new clients of Venminder can receive 10% off the Venminder platform. In addition, ICBA Bancard clients can choose a free vendor assessment annually.
- All active ICBA members who are existing Venminder clients can receive 10% off the Venminder platform upon contract renewals. In addition, ICBA Bancard clients can choose a free vendor assessment annually.
*Offer details include: up to $5K spend = 20 vendors monitored, $10K = 30 vendors, $15K = 40 vendors, $20K = 50 vendors.
With COVID-19 at the forefront of our minds, it is important now more than ever to ensure that your vendors are prepared in these type of situations. Loss of service, especially from critical vendors, could result in disruptions to your organization. While there are a huge range of resources available within the community's Learning Center, see our recommended current reading.