Products
- Aravo for
  - Third-Party Risk Management
    A third-party management solution to match your program maturity
  - ABAC Compliance
    Combat third-party bribery and corruption risk and comply with international regulations
  - Environmental, Social & Governance (ESG)
    Hold your suppliers to a standard of integrity that reflects your organization’s ESG policies
  - German Supply Chain Due Diligence Act (LkSG)
    Automate your supply chain program to meet the obligations of the LkSG
  - Data Privacy & GDPR
    Ensure vendors are compliant with data privacy regulations and standards, including the CCPA, GDPR and more
  - Financial Services
    Conduct a comprehensive Financial Services Risk Assessment directly aligned to OCC guidance
  - Information Security
    Protect digital assets by assessing risks from vendors that access your data and/or networks
  - Supply Chain Resilience
    Prevent, defend, respond, and recover from hazards that put continuity of supply at risk
  - Customer Defined Assessments
    Quickly implement an assessment configured to your unique specifications without custom coding
  - Risk Intelligence Connectors
    Augment Aravo assessments, continuous monitoring, and other due diligence with specialized data providers
  - Integration Framework
    Break down organizational silos with streamlined integration to virtually any enterprise system
  - Performance Management
    Understand, monitor, and manage the performance standards of your third-party suppliers
- What’s New — Aravo for ESG Build sustainable and ethical supply chains across your extended enterprise
  
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Capabilities
- Capabilities
  - Risk Management Lifecycle
    Apply an effective risk management process throughout the life cycle of the third-party relationship
  - Vendor Intake and Scoping
    Collect, centralize, and validate your third-party vendor information
  - Vendor Due Diligence
    Conduct inherent risk and enhanced due diligence assessments across all risk domains
  - Vendor Onboarding
    Collect and validate vendor and engagement information for streamlined transactional enablement
  - Continuous Monitoring
    Monitor vendor risk and performance and trigger review, issue management, and remediation activity
  - Vendor Contracts Management
    Create a centralized repository of all vendor contract information and monitor performance against terms
  - Vendor Performance Management
    Monitor third-party vendor performance, strengthen preferred relationships and eliminate poor performers
  - Issue Management and Remediation
    Identify, track, and manage third-party vendor issues from initiation through to resolution
  - Vendor Termination and Offboarding
    Ensure the separation process is handled appropriately, data privacy is in compliance and payments are ceased
  - Machine Learning and Artificial Intelligence
    Apply AI for a range of use cases including automation, intelligence and prediction
  - GRC Software
    Leverage intelligent automation for broader GRC use cases and managed services offerings
- Latest Analyst Reports
  Chartis
  
  Chartis RiskTech Quadrant®
  for 3PRM Systems 2021
  
  Learn More
Resources
- Resources
  A library of whitepapers, datasheets, webinars, and more to help you grow
  - Third-Party Risk and Compliance Blog
    Aravo’s blog for expert third-party risk and compliance content
  - Events and Webinars
    Explore Aravo’s events and webinars to get the latest in TPRM and compliance trends from leading experts.
  - Navigating the TPRM Solution Voyage
    Explore how to choose the right TPRM software for your business
  - TPRM Maturity Calculator
    How mature is your third-party risk management program? Calculate your score
  - Third Party Risk Glossary, Terms and Definitions
    The ABCs of TPRM. Here you will find business terms risk professionals use on a daily basis
  - TPRM Guidance and Regulations
    An overview of the vast range of regulations and guidance that encompass TPRM
- Featured Resource
  - The Power of Oversight: The German Due Diligence Act & the Push for Supply Chain Transparency
  Learn More
Customers
- Customers
  The world’s most respected and forward-thinking brands work with Aravo
  - Customer Tools
    The Aravo Academy will help get you up and running with Aravo’s technology.
  - Industries
    Supporting successful programs across virtually every sector, we understand your business
  - Financial Services
  - Insurance
  - Pharmaceutical & Life Sciences
  - High Tech
  - Consumer Goods
  - Manufacturing
  - View more Industries
- White Paper
  - Improving Third-Party Risk Management: Aravo Corporate Brochure
  Learn More
About Us
- About Aravo
  Find out more about Aravo, our purpose, and why leading brands trust our technology solutions
  - Aravo News Room
    Get the latest information on Aravo, including company and product updates
  - TPRM Expertise
    Market leaders for 20 years, our services professionals have the expertise to work as an extension of your team
  - Aravo’s Leadership Team
    Our management team. Commited to supporting “Better Business”, delivering the best experience for our customers
  - Aravo Partners
    Learn more about our partner ecosystem
  - Aravo Careers
    Explore career opportunities globally and learn more about Aravo culture
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Contact

Financial Services

Financial institutions have broad and specific compliance requirements that are required in order to meet effective third-party risk management set by regulators.

Third-Party Risk Management and Compliance Solutions for the Financial Services Industry

Financial services regulators around the globe are placing increased focus on third-party risk. Regulators including the Office of the Comptroller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB), The Federal Reserve, The Federal Financial Institutions Examination Council (FFIEC), and the Financial Conduct Authority (FCA), among others, have all made it clear that how firms manage the risks associated with third parties and their subcontractors is an area of increased concern for them.

It’s an expectation that goes right to the Board, with senior management responsibility for oversight and outcomes.

Aravo Third-party Risk Management (TPRM) For Financial Services

Aravo’s cloud-based application is designed to help firms manage third-party relationships in accordance with increased and expansive regulatory expectation.

With Aravo for Financial Services, you can automate assessments, scoring, due diligence, continuous monitoring, issue management, and corrective action processes.

Because it includes pre-configured best-practice capabilities for third-party risk and compliance in financial services firms, you can confidently stand up a best-practice program in as little as two weeks.

Third-Party Risk
Management For
Financial Services

View Product

Customer Success

Aravo powers the programs of leading banks, financial institutions and insurance firms across the globe, including Fidelity International.

“Fidelity International is committed to ensuring that our suppliers are managed in line with regulatory requirements and industry best practice. We selected Aravo Solutions for their proven track record in supporting global, enterprise clients who have complex vendor risk management programs. With Aravo, our supplier risk management program and processes will be standardized across the firm and the technology will enable consistent governance and oversight of supplier risk and performance across the enterprise.”

Gary Lock, Head of Supplier Risk & Relationship Management, Fidelity International

Customer Insights

Best practice for Fidelity International

“We selected Aravo Solutions for their proven track record in supporting global, enterprise clients who have complex vendor risk management programs. With Aravo, our supplier risk management program and processes will be standardized across the firm and the technology will enable consistent governance and oversight of supplier risk and performance across the enterprise.”

– Gary Lock, Head of Supplier Risk & Relationship Management,
Fidelity International

Read the press release

Meets our complex, global needs for screening third parties for 3 risk areas

“The Aravo solution delivered meets our complex, global needs for screening third parties for 3 risk areas, collecting and validating supplier information required to support out procure to pay transactional processes and integrating that information with our SAP ERP system.”

– Financial Services & Solutions Associate Director,
Manufacturing Firm

Aravo’s technical team is very professional and supportive

“Best fit for our requirements, transparent and capability to handle greater volume of requests with ease. Aravo technical team is very professional and supportive.”

– Process Lead,
Financial Services Firm

Guidance,
Regulations
and Standards

Today, there is a maze of regulations, laws, and standards that companies need to consider as part of their compliance programs and to support industry best practice operations and conduct.

Regulations