News & Events
Enlighta deploys Enlighta TPRM (third-party risk monitoring solution) at leading Banking and Financial Services Enterprises
“Working closely with our financial services and banking clients we have launched and deployed the markets first solution that combines strategic supplier governance with ongoing third-party risk monitoring” said Nipun Sehgal, Enlighta’s CEO making the announcement from Enlighta’s headquarters in San Ramon.
He added , ”There has been greater scrutiny by internal and external auditors in the processes used to source and govern third-parties along with the ongoing risk assessment and mitigation. It is not enough to have processes on paper; enterprises must be able to demonstrate the controls they have in place to validate the processes are being followed, and findings are being addressed. What makes Enlighta’s offering unique is that not only does the solution allow for questionnaire based third-party assessments, for strategic and key suppliers, the governance model automatically feeds into the risk model allowing for far greater objective insight into ongoing third-party risk versus purely a subjective assessment.”