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Overcoming the Stigma: Third-Party Risks & How to Effectively Mitigate Them


Date 10:10 AM - 11:00 AM (0 hours 50 minutes)
Wednesday, April 19
Cybersecurity & Risk

Regardless if you are an Originating Depository Financial Institution (ODFI) reviewing risks from your Third-Parties, a Third-Party Sender, Third-Party Payment Processor, or Third-Party Service Provider, identifying your inherent risks and applying controls to effectively mitigate them to complete your risk assessment can be quite tricky and overwhelming. In this session, speakers discuss the exploratory phase of onboarding TPSPs and how to remove trepidation by providing tools and guidance for all parties involved. Attendees come away with strategies to identify the inherent risks and what controls can effectively mitigate them so you are confident your risk management program won’t be questioned and scrutinized and how to recognize the opportunity to turn apprehension into a strength that will drive confidence in the ACH Network.