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Third party risk management: Get your line of defense ready

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Complex and large vendor base has exposed banks to heightened indirect risk. As regulators take greater interest in vendor risk management (VRM), organizations are waking up to the new legislative requirements. In this video, Karun Aggarwal, VP for Risk Services at Genpact, talks about the importance of third party risk management, framework for an integrated program and role of technology in managing the risk.

 

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