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.

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

and Standards

Today, there is a maze of regulations, laws and standards that Financial Services need to consider as part of their compliance programs and to support industry best practice operations and conduct.
OCC Bulletin 2013-29
Sarbanes-Oxley Act
Payment Card Industry Data Security
Foreign Corrupt Practices Act of 1977
UK Bribery Act of 2010
ISO 37001:2016 Anti-bribery management systems
The California Transparency in Supply Chains Act
UK Modern Slavery Act
Clean Air Act of 1963
EU General Data Protection Regulation (GDPR)
The California Consumer Privacy Act of 2018 (CCPA)
UK Health & Safety at Work etc. Act of 1974
International Traffic in Arms Regulations (ITAR)
SYSC 13.9 Outsourcing
MAS - Guidelines On Outsourcing (issued 2016)
Guidance for Managing Third-Party Risk / FIL-22-2008
FFIEC IT Examination Handbook: Vendor and Third-Party Management
FED SR 13-19 / CA 13-21: Guidance on Managing Outsourcing Risk
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What We Do

Aravo delivers award-winning, market-leading cloud-based solutions for managing third party governance, risk, compliance and performance.
Third-Party Risk Management Supplier Risk and Performance Management Vendor Risk Management Contractor Risk Management
Our Expertise
Who We Help

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