Freddie Mac Trusts Interos to Get Ahead of Third-Party Risk
“Interos saves time and gives us the opportunity to avoid operational losses.” – William Bagley, VP Enterprise Supply Chain, Freddie Mac
Only 8% of financial services organizations continually assess their digital supply chains for third-party risk.
Let's Talk“Interos saves time and gives us the opportunity to avoid operational losses.” – William Bagley, VP Enterprise Supply Chain, Freddie Mac
Outsourcing, acquisitions, joint ventures, and a growing list of sub-tier suppliers has created a complicated financial services supply chain—and outdated Third Party Risk Management (TPRM) tools can’t find and mitigate the growing number of threats.
Supplier visibility drops to 51% at the third and fourth tier, and dips to 28% and 24% at the next two levels down.
Supply chain disruptions cost financial services organizations $164M per year on average.
84% suffered reputational damage as a result of supply chain problems.
Third-party networks are a necessity in financial services—but vulnerability doesn’t have to be. From tracking physical assets to monitoring a cashless ecosystem, banks and other services providers need to move beyond traditional TPRM practices.
With AI- and machine learning-driven solutions, you can map, monitor, and model business relationships to mitigate threats to operations, customers, and compliance.
Traditional third-party risk management methods leave financial organizations vulnerable to cyber, geopolitical, physical, governance, and other risks. When you can see and monitor software suppliers to the Nth tier and harness the world’s first industrial-grade graph database of business relationships, your business can:
A quarter of the Fortune 100 and five of the world’s largest banks use Interos solutions to: