Due Diligence and Ongoing Monitoring

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Welcome to the Due Diligence and Ongoing Monitoring Community. Here you will be able to network, collaborate, and see the latest discussions that can help you in this area. Note: You will need to Sign In to join in the discussions and access resources. 

About Due Diligence and Ongoing Monitoring: Whether you’re vetting a new vendor or following up on an existing vendor, performing due diligence is necessary to determine if a vendor is a good fit for your organization. Ongoing monitoring is a regulatory expectation, an overall sound business practice and can lead to discovering risk that would have otherwise gone unnoticed.

Latest Discussion Posts

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    RE: Does your FI consider VISA and Mastercard to be Vendors?

    By: Paul Kletchka , 4 days ago

    We do consider VISA and Mastercard to be vendors. I just reviewed due diligence documentation from Mastercard. They didn't provide it all at first, but when we made a request, they sent a package of over 20 documents, including SOC reports ------------------------------ ... More

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    Does your FI consider VISA and Mastercard to be Vendors?

    By: Anonymous Member , 4 days ago

    This message was posted by a user wishing to remain anonymous Currently, we have VISA included on our vendor list, but I am having so much trouble getting anyone there to provide any sort of due diligence documentation including a SOC. They make it ... More

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    RE: Credit Bureaus and Audit Companies

    By: Tony Wade , 11 days ago

    Just my own opinion, we do not need to assess credit bureaus, but we should assess audit and consulting firms based on the risk for the services they provide to the bank. More

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    Credit Bureaus and Audit Companies

    By: Anonymous Member , 18 days ago

    This message was posted by a user wishing to remain anonymous Hi everyone-I'm curious whether your teams assess credit bureaus and auditing firms as part of your process. Thanks. More

    1 person likes this.
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    RE: Escrow and Title companies Due Diligence

    By: Anonymous Member , one month ago

    This message was posted by a user wishing to remain anonymous We include Escrow and Title Companies in our "in scope vendors". For ongoing due diligence we typically collect insurance only. More

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