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Data Business Insights
RISKS, REGULATIONS & REWARDS: THE BUSINESS IMPERATIVE FOR AUTOMATION AND DATA ANALYTICS IN THIRD-PARTY RISK MANAGEMENT
Sponsored by Lextegrity
The process of determining which third parties are the right parties to bring onboard—and to keep onboard—often faces stiff challenges from the business if the process is too cumbersome. However, a process lacking rigor can result in heightened risks of enforcement agency actions, monetary loss, and reputational damage. What happens when business and compliance opinions clash over the best way to engage third parties and to manage third-party risk?
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