Third-party risk management is becoming increasingly critical for financial institutions as they navigate the evolving digital banking landscape. In fact, 85% of FIs expect at least a moderate return on investment from third-party risk management (TPRM) programs due to cost savings from enhanced cybersecurity and vendor oversight, according to a study released today by software […]

85% of FIs expect ROI from vendor risk management in 2025

A recent study highlighted that 85% of financial institutions (FIs) anticipate a return on investment (ROI) from third-party risk management (TPRM) programs, driven by cost savings from enhanced cybersecurity and vendor oversight. The study was released by a software company that specializes in TPRM.