Products - Third-Party Risk Management For Financial Services - Header

Financial Services Risk Assessment

A comprehensive risk assessment directly aligned to financial regulatory guidance and ready to integrate into your TPM program.

Financial firms can oversee their risk management with confidence

Aravo’s Financial Services Risk Assessment (FSRA) is a cloud-based application that is mapped to OCC Guidance and aligned with other prevailing compliance regulations to help you better understand, manage, and mitigate risks posed by your third-party engagements.

It’s designed for banks and other financial services institutions to rapidly stand-up a third-party risk management program with confidence that it is aligned to industry regulatory requirements, best practices, and expectations, derived and developed from regulatory guidelines.

This assessment can be customized to fit your organization’s needs and integrated into your TPRM program, providing you with a single system of record for all third-party information and risk management workflow processes.

Automate every step of your TPRM program.

Tprm Grc Software Ipad Small

Embed FSRA into the Aravo for Third-Party Risk Management application

Access an out-of-the-box risk assessment mapped to regulatory guidance

Adapt and make changes with ease.

Enjoy all the benefits of the Aravo for Third-Party Risk Management application.

Software from Aravo

Aravo has the market’s most comprehensive set of capabilities for managing third-party, vendor, and supplier risk and performance


Logo - The 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools

Aravo Named a Leader in the 2021 Gartner® Magic Quadrant™ for IT Vendor Risk Management Tools

Read Press Release


Forrester company logo

The Forrester Wave™: Supplier Risk and Performance Management Platforms, Q3 2020

Read Press Release


Logo - Chartis RiskTech Quadrant® for Third-Party Risk Management Systems 2019

Chartis RiskTech Quadrant® for 3PRM Systems 2021

Read Press Release

Customer Insights

Decorative Quote Icon 1

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

Decorative Quote Icon 2

Best fit for our requirements

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

– Process Lead,
Financial Services Firm

Decorative Quote Icon 3

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

TPM Program Benefits for Financial Services

With Aravo, you get better strategic results from your program and your third-party relationships. You can include the Financial Services Risk Assessment or integrate your current assessments. Benefits include:

Faster time-to-value

Best practice capabilities to support the requirements of financial services programs are pre-configured in the application.

Deliver confidence in your program to senior management and regulators

Real-time reporting and complete auditability mean you can demonstrate compliance to the board, senior management, auditors, and examiners.

Single version of the truth

Centralize and standardize your third-party inventory and process controls with a single source of truth for all your third parties, critical third parties, and their subcontractors.

Future-proof solution

Easily extend and adapt as business conditions, policies, and regulations evolve.

Capabilities To
Support Third-Party Management

Capabilities - Risk Management Lifecycle
Intake and Scoping

Apply a standardized and defensible process for collecting, centralizing, and validating your third-party vendor information.

Due Diligence

Ensure an objective, risk-based approach to third-party due diligence.


Deliver a consistent, automated process complete with a fully accessible audit trail. All your vendor information and documentation is in one place.

Contracts Management

Create a centralized repository of all vendor contract information and automate contract monitoring, review, and management processes.

Continuous Monitoring

Continuously monitor vendor risk and performance and trigger review, escalation, issue management, and remediation activity.

Performance Management

Monitor third-party vendor performance, strengthen preferred supplier relationships, drive innovation, and eliminate poor performers.

Issue Management and Remediation

Enable a systemic and consistent approach to issue management and identify, track, and manage third-party vendor issues from initiation through to resolution.

Termination and Offboarding

Ensure that the separation process is handled appropriately, including return of property and system access, assurance of data destruction, and notification to finance to cease payments.

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.

Fade left
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
Fade right
blue_ring yellow_ring red_ring green_ring

What we do

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

Ready to get started?

Schedule a Personalized Demo