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CBA upgrades its third-party risk management
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CBA upgrades its third-party risk management
In summary CBA is five to six weeks from migrating 5000 suppliers onto ServiceNow’s third-party risk management platform, completing a shift that began with non-supplier third-parties in April last year. The uplift was driven partly by the CPS230 prudential standard, which requires institutions to manage vendor and third-party risk to the same standard as in-house systems. Once suppliers and non-suppliers are both on the one platform, CBA inten…
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