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The Importance of Participatory Compliance with Your Critical Vendors

Posted: 05/26/2018 - 01:22
Actively participate in anticipatory compliance activities to monitor risk.

In a recent interview for a technical blog, I mentioned that I heard keynote speaker former U.S. Attorney General John Ashcroft (at the 2016 Securities Industry and Financial Markets Association’s (SIFMA) Internal Auditors Society conference) reference that organizations should prepare to adopt what he called “anticipatory compliance.” This concept involves outsourcers being able to demonstrate that they are actively anticipating, studying and acting on perceived threats (cyber and otherwise) both internally and with their outsourced business partners.

Blockchain...The Answer to the Financial Service Industry's Prayers?

Posted: 05/15/2018 - 04:14

Since the financial crisis of 2008, the financial services industry has been inundated with new rules and regulations that have consumed resources and increased spend on compliance. All of this is occurring at a time when the industry has also been under increasing competition from financial technology (fintech) firms. Whilst the fintech industry is booming by providing new innovative products at a rapid pace, traditional incumbents have appeared less agile at adopting these.

The Power of Collaboration

Posted: 05/12/2018 - 00:02

MeMbers of rMA’s Third-Party Risk Management Round Table are experienced leader-practitioners, individually and collectively creating emerging best practices in third-party risk management. As the round table’s facilitator, subject matter expert, and member of the Steering Committee, it’s exciting and rewarding for me to be integral to this evolution.

Data, APIs and the Future of Healthcare: Addressing the Connectivity Challenge

Posted: 05/10/2018 - 05:07
In this environment, healthcare providers face the dual challenge of wrapping their arms around the data they already have, while at the same time establishing an operational foundation to support the integration of exponentially growing volumes of new data in the future.

For healthcare providers operating in an increasingly competitive and demanding environment, leveraging technology to analyze data and gain contextualized insight represents the key to success, if not survival. To deliver services effectively, providers must have real-time access to detailed information at the point of care. An emergency room physician treating a stroke victim, for example, needs instant access to lab results and the patient’s health history to deliver the best treatment.

The Paradox of the Designated Survivor

Posted: 05/10/2018 - 03:35
Your Program Manager is the most important person in an outsourcing project.

You have invested months of time – and many thousands of dollars – to reach this point in your outsourcing project. Your scope is defined and you have selected the best service provider in the business. The time has come to let the supplier’s experts loose in your business and watch the savings and efficiencies roll in. 

Or so you thought. 

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